Solution to Entrepreneurs problems in Nigeria;Comparision with Sweden

University essay from Blekinge Tekniska Högskola/Sektionen för management

Abstract: This research aims at pointing the problems associated with entrepreneurship business in Nigeria using Sweden as a role model where most entrepreneurs record more success than in Nigeria, it then concludes with the solution to achieving success by Nigerian entrepreneurs. Our source of data was from qualitatitaive method of data collection. Both the primary and secondary source of data were used. We used unstructured and semi structured question for our interview to find answers from our respondents. Respondents were from both Nigeria and Sweden. It was observed that there were much difference in the problems of entrepreneurs in the two countries. In the case of Nigeria, access to finance, political instability, technological set back, marketing problems, and infrastructural issues were major problems to entrepreneurship developments. While in Sweden, the respondents only complained of not making huge profits due to the high tax rate. The study concludes with recommendations on the need of the Nigerians and Nigerian authorities to emulate from the Swedish authorities to put an effect that will promote and sustain the growth and development of entrepreneurship in Nigeria which can be achieved by effecting strategic measures to maintain enabling and sustainable environment for Entrepreneurs for them to record more success as well boost the economic growth of the country.

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