Nigeria’s unemployment rate surged to 5.0 per cent in the third quarter of 2023 from 4.2 per cent in the previous quarter, the latest Labour Force Survey revealed on Monday. The labour force participation rate measures the share of a country’s working-age population that is in the labour force. The working age population refers to … Continue reading Nigeria’s unemployment rate rises by 5% – NBS
Anyanwu (2001) defined entrepreneurship as the act of organizing and effectively managing risk-prone factors of production for profitability and sustainable growth of businesses. SMEs in Nigeria started with private-sector indigenization in 1956, when the British Colony established Federal Loans Board to control credit facilities. In early 1970s, FG initiated the small-scale industries scheme, including … Continue reading Brief history of small and medium-scale enterprises in Nigeria
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