The Role of Commercial Banks in Entrepreneurial Development
The Role of Commercial Banks in Entrepreneurial Development
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Entrepreneurship is one of the economic variables that have attracted the attention of governments and scholars of both developed and developing countries. Several efforts and initiatives have been geared by governments and Non-Governmental Organizations (NGOs) in order to promote entrepreneurship and its contribution to the overall economic growth and development especially in Nigeria. The practice of entrepreneurship started when people produced more products than they needed, as such, they had to exchange these surpluses. Hence, the concept of trade by barter was introduced.
Traditionally, Nigeria was running an agricultural economy. The produce was notably palm...