Corruption is something that retards economies growth,and it exists in virtually all economies. Based on the structure in the more advanced countries, seemed more able to control or to curb corrupt practices.
According to research corruption is not the real constraint that retards entrepreneurship.
Following factors are real problem of entrepreneurs :
Market: the majority of our people do not have access to market,and inorder for them to have access to markets,they have to understand requirement of the market.
Infrastructure : poor infrastructure has been a major cause of products not being competitive in international market. Public power supply has been the major constraint to enterprise development.
Finance:access to capital is a major constraint. not every entrepreneur is able to afford enough capital to blossom his or her firm.
Documentation:the records a're poorly kept ; and it is difficult for small businesses to have regular financial statements and things like that
