Business Studies

Business Studies


Pages: 22  ,  Volume: 6  ,  Issue: 1 , June   2018
Received: 18 Jun 2018  ,  Published: 23 June 2018
Views: 148  ,  Download: 92


# Author Name
1 EMManuel O. Okon



In less than six years, Nigeria has witnessed a gigantic leap in the number of football viewing centers and an almost proportional number of sports betting shops that cater to the needs of thousands of fans willing to stack money on their favorite football club or team. Invariably, the economic benefits of legalizing betting in the country far outweigh the social cost. Given this scenario, there is need for entrepreneurship development in this line of business. This is due to the fact that economic growth generated by entrepreneurs is the core engine of a virtuous cycle that develops an economy. This paper is of the suggestion that small and medium scale enterprises in general need to change their attitude and habits relating to entrepreneurship development. In the same vein, the governments (Local, State and Federal) need to involve the SMEs in policy formulation and execution for maximum effect.  




Adepoju, P. (2017). Online Betting may be on rise in Nigeria but Startups Still Put Off by Challenges.

Aeiromoon (2009).Soccer Viewing Centers - Should They Be Banned? - Sports – Nairaland. Retrieved September 29th, 2017 from

Ajuluchukwu, J. (2017). The Spread of Sports Betting in Africa.

Alstete, J. W. (2008). Aspects of Entrepreneurial Success. Journal of Small Business and Enterprise Development, 15 (3), 584–594.

Amit, R., Glosten, L., and Muller, E. (1993). Challenges to Theory Development in Entrepreneurship Research. Journal of Management Studies 30(5), 815 - 833.

Apostol, T., and Jatuliavi?ien?, G. (2014). Evaluation of Entrepreneurship Development Possibilities by Example of Small And Medium Enterprises in the Republic of Moldova. Regional Formation and development Studies, 3 (11),24-38. (n.d.). What are the Benefits of Gambling?

Bolton, B.,and Thompson, J. (2004). Entrepreneurs: Talent, Temperament, Technique. 2nd Edition. Oxford: Elsevier.


Brandspurng (n.d.).The Nigeria Gaming Industry. Retrieved September 11th, 2017 from

Carter, N. M., Gartner, W. B., Shaver, K. G. (2004). Career Reasons. Handbook of Entrepreneurial Dynamics: The Process of Business Creation. Sage, Thousand Oaks, CA.

Darren, L., and Conrad, L. (2009). Entrepreneurship and Small Business Management in the Hospitality Industry. Jordan Hill, UK: Elsevier Linacre House.

Deer Pond Fuel (2012).My Profile.

Ebiringa, O. T. (2011) Synthesis of Literature on Small and Medium Enterprises Start-up Financing, International Journal of Economic Research, 2 (1),85-95

Egelhoff, T. (2005). Entrepreneurs: Have you got what it takes?

Ekpeyong, E. (2017).Nigeria: How to Prevent Money Laundering in the Sport Betting Industry in Nigeria. Retrieved September 11th, 2017 from

Elebeke, E. (2012). SMEs Contribute Half of Nigeria’s GDP. Read more at:

Export.Gov (2016). Nigeria - Executive Summary.

Ezea, S. (2017).Foreign League, Nigerian Fans and Quest for Viewing Centres.

Future of Work (2016). 8 Advantages and Disadvantages of Entrepreneurship.

Hisrich, R. D., and Peters, M. (2002). Entrepreneurship, McGraw-Hill Companies Inc.

Idam, L.E. (2014). Entrepreneurship Development in Nigeria: A Review. Journal of Business and Management, 16(1), 1-7.

Ihugba, O. A.,  Odii , A., and Njoku, A.C. (2013).Challenges and Prospects of Entrepreneurship in Nigeria. Academic Journal of Interdisciplinary Studies,2 (5),  25-35.  


Irefin, I.A., Abdul-Azeez, I. A, and Tijani, A. A.  (‎2012). An Investigative Study of the Factors Affecting the Adoption of Information and Communication Technology in Small and Medium Scale Enterprises in Nigeria.Australian Journal of Business and Management Research, 2(2),1-9.

Kale,Y. (2015).Micro, Small And Medium Enterprise National Survey 2013. Retrieved September 5ft, 2017 from

Kets de Vries, F. R. M. (1985). The Dark Side of Entrepreneurship. Harvard Business Review, 63(6), 160–167.

Kolawole, Y. (2016). Agencies that Support Businesses in Nigeria.

Kuratko, D. (2005). The Emergence of Entrepreneurship Education.


Kuratko,  D. F., Hornsby, J. S., and Naffziger, D. W. (1997). An Examination of Owners’ Goals in Sustaining Entrepreneurship. Journal of Small Business Management, 35(1), 24-33.

Longenecker, J. G., Moore, C. W., Petty, J. W., and Palich, L. E. (2006). Small Business Management: An Entrepreneurial Emphasis. 13th ed. Thomson South-Western, Mason, OH.

Luetkenhorst, W., (2005). Private Sector Development: The Support Programmes of the Small and Medium Enterprises. s.l., United Nations Industrial Development Organization.

Mambula, C. (2002). Perceptions of SME Growth Constraints in Nigeria. Journal of Small Business Management, 40 (1), 58-65.

Nairametrics (2017).Tapping Opportunities in Nigeria’s Gaming Industry.

NAN (2017). 30 Football Dans Die at Calabar Viewing Centre.

Nigerian Commence and Industry NCI (2003). Operational Definition of Small and Medium Scale Enterprises.

Nwosu, M. E., Osuagwu, O. E., Abaenewe, Z. C., Ndugbu, M. O., and Sani ,F. A. (2016).Small and Medium Scale Enterprises in Nigeria: Challenges and Prospects for National Economic Development.  Journal of Business Management and Economics,4(1),23-37.

Obiajuru, I. (2012). What the Nigerian Entrepreneur Needs to Excel. Punch Newspaper.

Oboh, G.A.T. (2002). Bank Participation in the Promotion of Small and Medium-Scale Enterprises. Being a paper presented at the 6th Fellows and Associates Forum of CIBN on 13th April.

Odeyemi, J.A. (2003). “An Overview of the Current State of SMEs in Nigeria and the Need for Intervention,”  A Paper Presented at the National Summit on SMIEIS Organized by the Bankers’ Committee and Lagos Chambers of Commerce and Industry (LCCI), Lagos, 10th June, 2003. Small Businesses, Job Creation and Growth: Facts, Obstacles and Best Practices.

Okpara, F.O. (2000). Entrepreneurship (Text and Cases). Enugu Nigeria: Precision Printers and Publishers.

Ogundele, O.J.K. (2007). Introduction to Entrepreneurship Development, Corporate  Governance, and Small Business Management. Lagos: Molofin Nominees.

Ogunmomdede, F. (2017). Curbing Underage Betting.

Olawoyin, O. (2017).Investigation: Despite Existing Law, Underage Sports Betting Thrives in Nigeria.

Olowu, M.D.Y., and     Aliyu, I. (2015). Impact of Managerial Skills on Small Scale Businesses Performance and Growth in Nigeria. European Journal of Business and Management,                                                                                                                               7(5), 109-114.

Olufisayo (2011). Entrepreneurship Supportive Agencies in Nigeria: Agencies that Support Businesses in Nigeria

Oluremi, H. A., and Gbenga, M. A. (2011). Environmental Factors and Entrepreneurship Development in Nigeria. Journal of Sustainable Development in Africa. 13 (4),166-176.

Onuegbu, O. (2011). The Influence of United European Football Association (UEFA) Champions League on the Academic Performances of Nigerian Youths (A Study of Federal Polytechnic Bida, Students). Project Work Submitted to the Department of Mass Communication, School of Applied Art and Science, Federal Polytechnic, Bida, Niger State, Nigeria as having fulfilled the requirement for the award of National Diploma(ND) in Mass Communication.

Rebecca, E.O., and Benjamin, J.I. (2009). Entrepreneurial Competencies: The Missing Links to Successful Entrepreneurship in Nigeria. Int. Bus. Res., 2(2), 62-71.

Robichaud, Y., McGraw, E., and Roger, A. (2001). Towards the Development of a Measuring Instrument for Entrepreneurial Motivation. Journal of Developmental Entrepreneurship, 6 (1), 189-202. 

Sedlak, S. (2015). Positive Effects of the Gambling Industry. file:///J:/ENTERPRENEURSHIP%20TODAY%2077.html

Shein, M. L., Crous, F., Scepers, J. M. (2010). Positive states in relation to entrepreneurship orientation. SA Journal of Industrial Psychology/SA Tydskrif vir Bedryfsielkunde, Vol. 36(2), p. 1–10.

SMEEIS (2005). Guidelines for the Small and Medium Enterprises Equity Investment.

Stefanovic, I.,  Milosevic, D., and Miletic, (2009). Significance and Development Problems of SMEs in Contempory Market Economy. Serbian Journal of Management, 4 (1), 127-136.

Stefanovic,  I., Ljubodrag, R., and Sloboda, P. (2011). “Entrepreneurs’ Motivational Factors: Empirical Evidence from Serbia. Serbian Journal of Management, 6 (1), 73- 83.

Tanas, J. K., and Saee, J. (2007). Entrepreneurial Cognition and its linkage to Social Capital. Journal of American Academy of Business, 11(1), 179–182. Cambridge.

Tambunan, T. (2009). Women Entrepreneurship in Asian Developing Countries: Their Development and Main Constraints. Journal of Development and Agricultural Economics, 1(2),27-40. Available online at ©




Tayo, A. O. (2017).The New Way to Get Out of the Rat Race: Millions of Nigerian Youths are Placing Bets on Football Games Weekly.

Van Voorhis, K. R. (1980). Entrepreneurship and Small Business Management. Bibliography of selected SBA publications, Library of Congress Cataloging- in- Publication Data, p. 7–46.

World Bank, (2005). World Bank Development Report, Washington D.C.