ABSTRACT The focus of this paper is on entrepreneurship development. It examines the role of entrepreneurs in national economic development. Furthermore, it ascertains the critical factors mitigating entrepreneurial development in Nigerian which include; entrepreneurship assets, motivations and mindset, policy accelerators and business support. It also transcends to x-ray factors mitigating entrepreneurship development in some African countries (Ethiopia, Kenya, Ghana, Tanzania and South Africa). In addition, it proffers vehement measures imperative to be implemented by the Nigerian government in combating the afford-mentioned misnomers in Nigerian. Finally, it examines the author as a case study in entrepreneurship. The paper concludes that entrepreneurs are indispensable asset for profound economic growth; therefore, entrepreneurship exploration is germane for annihilating, if not eradicating the national mayhem in Nigeria. Keywords: Entrepreneur, Entrepreneurship, Development, Economic development, Infrastructural, Fish farming. TABLE OF CONTENTS Abstract .1 Table of contents.2 1.0 Introduction....3 1.1 Literature review...4 1.2 Aim and objectives....5 2.0 Role of entrepreneurs in economic development of a nation5 3.0 Factors extenuating a profound economic development in Nigeria...5 4.0 Ways by which Africans countries have fallen prey.9 5.0 Sincere recommendations to the Nigerian government9 6.0 My efforts as an entrepreneur.10 7.0 Conclusion...11 8.0 References...............12 9.0 Notes.13 INTRODUCTION Who is an entrepreneur? Succinctly put, an entrepreneur is anyone who owns a business enterprise for the principal purpose of making profit (Ausbeth, 2005). Entrepreneurs include contractors, producers, investors, traders, industrialists, manufacturers, and the list is unending (Ibid). With no scintilla of doubt, entrepreneurs are job creators rather than job seekers. The term entrepreneurship is derived from the French word “entreprendre” which means to undertake. So what is entrepreneurship? Entrepreneurship has also been succinctly defined as “the process that takes place that causes changes in the economic system through innovations brought about by individuals who generate or respond to economic opportunities that create value for both these individuals and the society” (Hills, 1994). Successful entrepreneurs are innovative, risk bearers, have good communication and human relations ability and have technical knowledge (Onah, 2004). Over 400 million individuals in developing countries are owners or managers of new firms (Reynolds et al. 2004). Of these, over 200 million (>50%) are found in China and India alone as compared with just18 million entrepreneurs in the United States. According to the Central Intelligence Agency (CIA) world Factbook estimate (2011), the economic state of China is the zenith in a world ranking, with no African country but South Africa as the 37th in the world (first in Arica) and Nigeria as the 39th (second in Africa). 1 The ten top countries with their estimated exports are: China(1,904), United States(1,497), Germany(1,408), Japan(788), France(587.1), South Korea(556.5), Netherlands(551.8), Italy(523.9), Russia(520.9) and United Kingdom (479.7) respectively. South Africa had an export of 104.5 US billion dollars and Nigeria 103.9 billion US dollars respectively. (ibid) Recent research (Romer, 1990, Beck et al. 2004) showed that new firms are more likely to grow and these growth-oriented firms are more likely to create new employment opportunities than stagnant firms. To be candid, its high time entrepreneurship is explored in Nigeria. 1.1 Literature Review A survey carried out by Magali Bob (2008) showed that Nigerians are naturally endowed with entrepreneurial spirits. In fact, Nigerians were ranked among the highest (67 percent in sub-Sahara Africa) in Africa with their readiness of taking entrepreneurial responsibility. In the survey, question such as, whether they are thinking of starting a busin