to develop an economic framework for vocational entrepreneurs as a way of fast-tracking economic development in the country.
“Third, is the setup of a financial-economic framework for the target audience as critical players in the technical and creative dynamics of service delivery in various forms with daily effect on the financial spending of Nigerians.” He said: “Two-thirds of graduates of most vocational centres start as solo businesses before the thought of employing at most three to seven people, depending on the type of vocation. Interestingly, multiple taxations applies to both sides of the divide. Like small-scale businesses, vocational entrepreneurs also contribute to local economies by bringing growth and innovation to the community in which the business is established.
“It is not news that small scale businesses play a critical role in the annual generation of the nation’s GDP. In the United States of America, small businesses are the lifeblood of the US economy that creates two-thirds of net new jobs and drive the US economy and competitiveness. A new report shows that they account for 44 percent of the US economic activity.
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