ENTREPRENEURSHIP DEVELOPMENT ON THE ECONOMIC GROWTH OF LERE LOCAL GOVERNMENT OF KADUNA STATE

Abstract

The study assessed how Lere Local Government Area's economic growth was impacted by entrepreneurial development. The study's goal is to determine how the Lere Local Government Area's ability to take risks, be creative, and be proactive has affected its economic progress. Survey research was the method used in the study. Six thousand seven hundred and four people made up the population [6, 704]. A basic random sample strategy is used in the study to choose 377 SMEDAN participants. ANOVA and the ordinary least square (OLS) model of regression analysis were constructed using data from surveys administered over a five-year period (2017–2021). SPSS version 20.0 was then used to evaluate the results. According to the study, in Lere LGA, Kaduna, taking risks has a major and beneficial impact on economic growth. Innovativeness also has a substantial impact on growth, as does proactively. The study suggested that Kaduna State's SMEs promote a culture of risk assessment and awareness. Although taking risks is necessary for progress, it's also critical to carefully consider all available options and make well-informed decisions.