International Journal of Innovative Research and Development

Abstract

The paper underscored the relevance of entrepreneurship development in the transformation of Nigeria with lessons from Japan, South Africa and Malaysia. The paper discussed the role of entrepreneurship in the economic development of Japan, South Africa and Malaysia with a view to promoting entrepreneurship development in Nigeria. Descriptive research design was employed in the methodology. The paper revealed that entrepreneurship remained the engine of transformation in Japan, South Africa and Malaysia. However, lack of genuine enabling environment had been the major challenge inhibiting the growth and development of entrepreneurship in Nigeria. It concluded that entrepreneurship is an indispensable tool for any meaningful transformation in Nigeria. Hard work, discipline and initiative are highly essential for entrepreneurship development in Nigeria and Africa in general. The paper therefore recommended that Nigerians should emulate countries like Japan, South Africa and Malaysia by adopting their superior and enviable strategies. All hands must be on deck with Government championing the course in providing enabling environment for sustainable economic development in Nigeria. 

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