Indigenous entrepreneurship: Nigeria as a case study

Globally, Entrepreneurship has many faces in different places and different countries However, entrepreneurship strive to achieve one basic aim of starting economic enterprise from the scratch, nurturing it to bring income while employing people and resources along the way and making such an enterprise a going concern either by spreading, diversifying or specializing in a particular business, at the same time adapting to new technologies, utilizing present and futuristic information about customers needs. This is also achieved by taking note of ever changing styles of people in the environment in which the entrepreneur operates in. Indigenous entrepreneurship has something to do with how people in a particular location start up there business, how they development it, what management style do they employ with or without formal educational training Local technology employed, production efficiency achieved with this technology, any room for future expansion and growth into conglomerates. Barbers who use scarps to shave heads in the market square going on to employ so many shavers that form a pool. A local woman cake maker (Known as Akara) whom has taking a Western Nigeria by storm satisfying fast food needs of numerous customers and creating wealth in the process palm kernel crushing enterprise that has being turned into a vegetable oil industry, local manufacturing of shoes, bags and other leather skin works, daily, weekly and monthly thrift & contribution (Known as Ajo) that later developed into cooperative society and latter transform into Banks Insurance, or other productive ventures. Indigenous entrepreneur has come of age in this part of the world and they have added their value to commerce and industries.