The pivotal position occupied by entrepreneurship as a sustainable tool for rapid economic growth as well as development of a country cannot be over emphasized. This his comment is here evident in several available literatures written by scholars on the topic matter but a closer examination 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 subject 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 is no doubt as explained, entrepreneurial competence play important role in any successful entrepreneurial activities.

Increasing competitions, rapid and constant changes in internal and external environment of business activities, and also 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 factors stimulating successful entrepreneurship, business success and national development.

However, entrepreneurship, have played and can also play more of these positive roles, isn't a very easy vocation as it won't always guarantee a hundred per cent triumph. There are actually several critical areas of knowledge and factors that must be acquired and put in area to enable entrepreneurs achieve a measure of business success and consequently adding to national development.

Several researches are already conducted in areas of entrepreneurship competency, entrepreneurship success and national development.

Most literatures relating to entrepreneurship and entrepreneurship success often unquestionably argue that most entrepreneurial fiascos are essentially because 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 establishment of financial agencies and provision of financial resources to business units for the sole purpose of boosting and sustaining entrepreneurial development for rapid national development.