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An Empirical Analysis of Constraints to Entrepreneurship Development in Nigeria: Policy and Practice Perspectives

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Financial limitations are a major barrier affecting entrepreneurship growth in Nigeria, with systemic issues persisting.
The study identifies key competencies—leadership, strategic decision-making, and risk-taking—as vital for entrepreneurial success.
Empirical analysis highlights the need for stronger institutional support to overcome human capital deficits and infrastructural decay.
Addressing political instability and improving access to finance are critical for fostering an enabling environment for SMEs.

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This analysis reveals significant barriers to entrepreneurship in Nigeria, indicating urgent policy needs.

Dada et al. (2025) studied this question.

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