The pivotal position occupied by entrepreneurship as a sustainable tool for rapid financial development and growth of a country cannot be over emphasized. This is evident in several available literatures written by scholars on the topic matter but a closer study of these literatures show tilted emphasis and concentrations on some common areas relating to entrepreneurship.

In like manner, entrepreneurial competences are critical success factors necessary for successful entrepreneurship, business success and of course national development. The topic thus, deserves solemn attention in entrepreneurial discourse and not to be neglected. There's absolutely no substitute for entrepreneurship competence for successful entrepreneurship, not even abundant monetary resources can. There's no doubt as explained, entrepreneurial competence play crucial role in any successful entrepreneurial activities.

Increasing competitions, rapid and constant changes in internal and external environment of business activities, as well as the significant influence of Medium and small Scale Enterprises (SMEs) on the economy generally have resulted in a growing interest in studying the role of aspects stimulating successful entrepreneurship, business success and national development.

Even though, entrepreneurship, have played and may play more of these positive roles, is not an easy vocation as it does not always guarantee a hundred per cent triumph. You'll find several critical areas of knowledge and factors that must be acquired and put in place to enable entrepreneurs achieve a measure of business success and consequently contributing to national development.

Several researches have been conducted in areas of entrepreneurship competency, entrepreneurship success and national development.

Most literatures relating to entrepreneurship and entrepreneurship success have a tendency to unquestionably argue that most entrepreneurial fiascos are essentially as a result of inadequate financial resources (e.g. Adeyemo and Onikoyi, 2012). Such research outcomes have no doubt influenced government policy direction in many developed and developing countries of the world over the creation of financial agencies and provision of monetary resources to business units for the sole purpose of boosting and sustaining entrepreneurial development for rapid national development.