NESA CONFERENCE 2015, Makurdi FUTURE POLICY OPTIONS FOR ENTREPRENUERS: ASESSMENT, FORMULATION AND IMPLEMENTATION DR. GYLYCH JELILOV

WHO IS AN ENTREPRENUER An entrepreneur is an individual who identifies opportunities in the marketplace , allocates resources, and creates value. Entrepreneurship is a vital component of economic growth and development. With the inclusion of entrepreneurship as part of the development policy agenda there is an opportunity to better link private sector development to the goals of inclusive and sustainable development.

Policy framework The United Nations entrepreneurship policy framework aims to support developing country policy makers and those from economies in transition such as Nigeria to design initiatives, measures and institutions to promote entrepreneurship. The UN sets out a structure framework of relevant policy areas, embedded in an overall entrepreneurship strategy that helps guide policymakers through the process of creating an environment that facilitates the emergence of entrepreneurs and start-ups as well as growth and expansion of new enterprise.

Entrepreneurship strategy framework FORMULATING NATIONAL ENTREPERNUERSHIP STRATEGY OPTIMIZING THE REGULATORY ENVIRONMENT ENHANCING ENTRENEURSHIP EDUCATION AND DEVELOPMENT FACILITATING TECHNOLOGY EXCHANGE AND INNOVATION IMPROVING ACCESS TO FINANCE NETWORKING AND AWARENESS

1. Formulating National Entrepreneurship Entrepreneurship is one of the most important drivers of job creation and economic growth its crucial for creation of vibrant economy a. Identify country-specific challenges: clarify objectives and overall national development b. Specify Goals and set Priorities: based on the analysis of structural characteristics and binding constraint c. Ensure coherence of entrepreneurship strategy with other national policies

2.Optimazing the regulatory environment The unleashing of entrepreneurship requires an environment that enables the entrepreneur to create, operate, manage, and if necessary , close a business within the context where compliance with rule of law is the norm. A number of well known policy guides exist to analyze and compare the business climate of countries and to inform policymakers about reform needs.

Examine the regulatory requirements for start-ups Minimize regulatory hurdles for business start-ups Build entrepreneurs confidence in the regulatory environment Guide entrepreneurs through the start-up administrative process

3.Enhancing entrepreneurship education and skills development Entrepreneurship skills Centre around attitudes(soft skills), such as persistence, networking and self confidence on the one hand and enabling skills such as start-up knowledge , business planning, financial literacy and managerial skills. When we are talking about Entrepreneurship is different from SKILL ACQUISITION The experience shows Entrepreneurial Studies II is more Skill Acquisition than Entrepreneurship teaching.

How it works Embed entrepreneurship in formal and informal education systems Develop effective entrepreneurship curricula Train teachers

4. Facilitating technology exchange and innovation Entrepreneurship , technology and innovation are mutually supportive. Technology provides entrepreneurs with new tools to improve the efficiency and productivity of their business , or with new platforms on which to build their ventures.

Support greater diffusion on ICTs to the private sector Promote inter-firm networks spreading technology and innovation Build bridges between public bodies, research institutions, universities and the private sector Technologic exchange

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