The impact of Entrepreneurship on an Economy : A comparative analysis of Nigeria and Finland

Abstract

The thesis assesses the impact of entrepreneurship in Nigeria in comparison to entrepreneurship in Finland and further assesses the degree to which entrepreneurship can strengthen the growth of an economy. The aim of the thesis therefore was to compare the impact of entrepreneurship on the growth of the economy of Nigeria as compared to the economy of Finland.

The methodology used to analyze data for the thesis was the case study model. Data gathered for the thesis was from secondary sources and was developed using the qualitative approach. Furthermore, with the help of websites, e- books, journals and online articles, secondary data sources were gotten. The research design was done using the case study model. The case studies used for the thesis are Lagos city in Nigeria and Helsinki city in Finland.

It was discovered that in Finland, the level of economic growth as a consequence of the promotion of entrepreneurial initiatives is relatively higher. Whereas, in Nigeria, the level of economic growth is still low despite the efforts made by the Nigerian government and her partners to promote entrepreneurial initiatives.