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This paper is an argument for the review of Nigeria's national thinking to position the country for rapid socioeconomic development. The paper argues for a positioning of entrepreneurship as the locus of development effort at the national level. Although in a globalized world academic thinking should be universal, Nigeria is used as focus with the understanding that the position herein is applicable elsewhere particularly in developing countries which should better be described as poordoi:10.5901/mjss.2013.v4n16p115 fatcat:xtfb7byjkjgb5ixaex3eovbaey