Introduction
The concept of economic development has received tremendous changes since the pre-colonial era, a feature that seeks government intervention to enhance growth. These changes have an implication on the role of the government in developing effective programs to enhance economic development in a state. Economic growth prospects are achieved through efficient allocation of resources, which are the main factors that steer production by moving a country from low productivity to high productivity. However, the desire to experience rapid economic development goals is often hampered by existence of rigidities, which are either in technological or institutional forms. Therefore, the sector ...