Erunke, Canice EsidenceAbdullahi, Mohammed Abdul2023-12-142023-12-142017-06-06Erunke, Canice Esidence & Abdullahi, Mohammed Abdul (2017) ENTREPRENEURSHIP DEVELOPMENT: CONSOLIDATING SMALL AND MEDIUM SCALE ENTERPRISES (SMES) AS AN EFFECTIVE POLICY MEASURE FOR SOCIO-ECONOMIC SUSTENANCE IN NIGERIAhttps://keffi.nsuk.edu.ng/handle/20.500.14448/6900iTnh tS anC* P.ub^c commentaries making round in Nigeria currently economy h 1Pcreas!nS economic challenges is how to reactivate the ailing reinvipnrat- .^e hanking on the non-oil sectors. This move to continim .£e.r*an chequered nation-state is underscored by the dramahV t-f . ePr(;ciation of the national economy owing largely to the To mn^ >1-St andt.urns in the price of crude oil at the international market, has beenC[\r,cs and indeed economic experts, the falling prices of oil which eovpm r^1£eria s economic mainstay has had devastating consequences on econnnv 6nt i3nC* *ts PeoP^e generally. The result of this kind of internal nieet thIC me t"c^own *s so much so that it has become increasingly difficult to child n 6 everyday challenges such as reduction of poverty, crime control, res e rnainntrition payment of workers' salaries, among others. This inst-n rC^ s^hmits that entrepreneurship development using the orofn ^ smah and medium scale enterprises as a base will u- unaiy jump-start the spiraling economy back to life. The argument ^es on fact that over 80% of the people are found in the informal sector re .e,nt:rePfeneurship potentials can be properly tapped and harnessed, out ffntlca *ssue therefore is that the current moves by government to bail inf S!tates the federation from economic crunch if extended to the wider formal sector could be a veritable instrument for the consolidation and urvival of the nation's economy in no small way. The paper sums up with occlusion and policy framework to the effect that government and all t 3 vpj1 °^ders m the nation-building project should give particular attention to skills development at the horizontal and vertical levels if the nation must survive the present challenges currently being experienced.enDevelopment, democration consolidation, entrepreneurship, policy, SMEs.Article