FOSTERING A LEGAL, REGULATORY AND INSTITUTIONAL REGIMES FOR A PRODUCTIVE ENTREPRENEURSHIP IN LAW

Chukwuma, Chukwuanu Stanley and AJIBO, Kenneth I. (2024) FOSTERING A LEGAL, REGULATORY AND INSTITUTIONAL REGIMES FOR A PRODUCTIVE ENTREPRENEURSHIP IN LAW. Nnamdi Azikiwe University Journal of Private and Property Law, 1 (1). pp. 94-111.

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Abstract

This paper explores the imperative of cultivating a more robust and pragmatic legal, regulatory, and institutional environment to nurture a productive entrepreneurship in Nigeria. By examining the historical context of entrepreneurship in the nation, it underscores the significance of aligning contemporary efforts with the nation's entrepreneurial heritage. Presenting an in-depth analysis of the existing legal and regulatory framework, the study identifies gaps and discrepancies that hinder entrepreneurial growth. It examines challenges and barriers such as bureaucratic red tape, lack of access to funding, and inadequate intellectual property protection in practice. Drawing from international best practices, the paper benchmarks successful models and strategies from other countries, offering insights that can be adapted to Nigeria's unique context. Proposed reforms encompass streamlining registration procedures, enhancing access to finance, and fortifying intellectual property laws. Anticipated benefits and impacts of these reforms include an influx of innovative startups, increased job opportunities, and heightened economic diversification. Additionally, the paper underscores the potential for enhancing Nigeria's global competitiveness by attracting foreign direct investment.

Item Type: Article
Subjects: K Law > K Law (General)
Divisions: Faculty of Law, Arts and Social Sciences > School of Law
Depositing User: Uchenna Eneogwe
Date Deposited: 16 Jun 2025 14:42
Last Modified: 16 Jun 2025 14:42
URI: http://eprints.gouni.edu.ng/id/eprint/4858

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