The Role of Entrepreneurship in Economic Development: Thenigerian Perspective
European Journal of Business and Managementwww.iiste.org ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online)Vol 4, No.8, 2012
100
and support services to accelerate the development and modernisation of MSMEs, SMEDAN badly needed to have acomprehensive understanding and knowledge of the population of MSMEs in the country, their distribution bysectors such as agriculture, manufacturing, services, trade, construction, mining, technology, etc, and their distribution by rural and urban areas as well as the level of vertical and horizontal linkages within and betweenvarious sectors of industry so as to access the level of industrial integration and the incidence of sub-contracting andits potential in giving a flip to industrial development.The census/survey will also enable SMEDAN to determine and assess the major operating difficulties of MSMEsrelating to both market functions (such as demand-pricing factors, supply factors, raw materials, technologyinfrastructure, etc) and policy environment as it relates to regulatory, incentive and support regimes. The overall benefits of the census/survey would hinge on the expected robust data and information, which SMEDAN wouldemploy as a basis for policy formulation, implementation and intervention, effective developmental planning, vitaladvice on new investments, grow and profitable areas, raw materials availability as well as available technology,available markets, available sources of funds and assistance.The survey exercise is also expected to adequately equip and empower SMEDAN to effectively do the following,inter alia:i. Map out effective strategies for revamping and reforming the MSMEs sub-sector through appropriatelyadvising the government on policy formulation and execution.ii. Recommend the right operators for various incentives and support by government including funding, be itloan, equity and grants.iii. Offer relevant advisory services to state governments on how best to support and invigorate MSMEs in their domains
100
and support services to accelerate the development and modernisation of MSMEs, SMEDAN badly needed to have acomprehensive understanding and knowledge of the population of MSMEs in the country, their distribution bysectors such as agriculture, manufacturing, services, trade, construction, mining, technology, etc, and their distribution by rural and urban areas as well as the level of vertical and horizontal linkages within and betweenvarious sectors of industry so as to access the level of industrial integration and the incidence of sub-contracting andits potential in giving a flip to industrial development.The census/survey will also enable SMEDAN to determine and assess the major operating difficulties of MSMEsrelating to both market functions (such as demand-pricing factors, supply factors, raw materials, technologyinfrastructure, etc) and policy environment as it relates to regulatory, incentive and support regimes. The overall benefits of the census/survey would hinge on the expected robust data and information, which SMEDAN wouldemploy as a basis for policy formulation, implementation and intervention, effective developmental planning, vitaladvice on new investments, grow and profitable areas, raw materials availability as well as available technology,available markets, available sources of funds and assistance.The survey exercise is also expected to adequately equip and empower SMEDAN to effectively do the following,inter alia:i. Map out effective strategies for revamping and reforming the MSMEs sub-sector through appropriatelyadvising the government on policy formulation and execution.ii. Recommend the right operators for various incentives and support by government including funding, be itloan, equity and grants.iii. Offer relevant advisory services to state governments on how best to support and invigorate MSMEs in their domains