Examination of Entrepreneurial Opportunities in Nigeria

Scenario: Imagine you are returning to set up a small business in Nigeria. You want to explore the possibilities and gauge your chances of success [you can choose any sector but need to be specific - and realistic!]. You should address the question as follows:

Part a with reference to the Isenberg model, show how the entrepreneurial ecosystem in your country/region/city can help you succeed in your chosen sector.

You need to include details on specific funding initiatives, legislation and policy, education programmes and make sure you reference these correctly. These should be applicable to your chosen sector e.g. training initiatives, grants for start-ups, industry networks etc.

You must show you understand the impacts of some of the initiatives/funding mechanisms/mentorship programmes/policies. GEM reports and theory on (among others) necessity entrepreneurship may be useful to consider. Can you discuss if or why this has had an impact on economic output, regional development, or the appetite for entrepreneurship etc. in your chosen region? You need to refer to recent statistics if mentioning these areas.

It is not necessary to look at all dimensions of the model in depth discussion on a smaller number of the most important factors may be more beneficial but you should show you understand how the ecosystem needs to be balanced and work as a whole.