American Journal of Economics 2012, 2(2): 1-7 DOI: 10.5923/j.economics.20120202.01 Place of Social Entrepreneurship in Generator Driven Economy Angus O. Unegbu 1,* , Bridget Anigbogu 2 , Magnus C. Unegbu 3 1 Department of Accounting, School of Business & Entrepreneurship American University of Nigeria 2 Department of Law, Baze University Abuja, Nigeria 3 Senior Librarian, Alvan Ikoku Federal College of Education Owerri, Nigeria Abstract The economy of Nigeria is powered by generator Plants. This study investigated the place of Social Entrepre- neurship in an economy that lacks social amenities and infrastructures which should have stimulated Social Entrepreneurship, Corporate preparedness to support Social Entrepreneurship in such economy and seeks to unravel current Corporate con- ceptions between Social Entrepreneurship and Corporate Business Responsibility in such emerging economy. Eighty Cor- porate bodies located in five states were surveyed using questionnaire that addressed the specific objectives. The sampling method adopted is availability and willingness to participate. Percentages were used to localize assertions while SPSS version 16 based Multivariate Analysis of Variance statistical tool was employed to produce test statics and statistical inferences drawn at 5% level of significance on each of the stated hypothesis. The research findings showed that currently there is a confused conception of Social Entrepreneurship and Corporate Social Responsibility. It was also found out that institutional trusts among Corporate bodies and Governmental Agencies are very low in Nigeria thus impeding the flourishing evolution of Social Entrepreneurship to a large extent. The tenets of Social Entrepreneurship needs to be expatiated and Corporate service costs reduced by providing enabling structures that will further enhance flourishing evolution of Social Entrepre- neurship in developing countries as Corporate preparedness to support Social Entrepreneurship in Generator driven economy such as Nigeria is encouraging. Keywords Social Entrepreneurship, Entrepreneurship, Social Capital, Corporate Social Responsibility, Social Welfare 1. Introduction Nigeria is our country. She is the core focus of this aca- demic discourse. According to author in[1], Nigeria is clas- sified as a mixed economy emerging market with abundant supply of natural resources, well developed financial, legal, communications, transport sectors and has the second largest stock market in Africa. She is the 12th largest producer of crude oil and the 8th largest exporter. We were further in- formed by[1] but they failed to explain us that Nigeria is one of the largest importers of Generators or Power Plants. The Nigerian economy is powered by generators of all sizes, depending on the size of the business in question due to irregular and cannot be trusted supply of electricity. It was asserted by[2,3] that previously economic development in Nigeria had been hindered by years of military rule, corrup- tion and mismanagement but the restoration of democracy and subsequent economic reforms have successfully put Nigeria back on track towards achieving its full economic potential. It is now the second largest economy in Africa * Corresponding author: unegbu4@yahoo.com (Angus O. Unegbu) Published online at http://journal.sapub.org/economics Copyright © 2012 Scientific & Academic Publishing. All Rights Reserved (following South Africa), and the largest economy in the West Africa Region. They left out one assertion which is that Nigeria is the largest importer of Generators in the region. Completely we agree with the assertion that Nigeria is back on track towards achieving its full economic potential. It started when Commerce as a subject was introduced in her secondary schools curriculum in the late 1970s because her agricultural produce needed more markets. Commerce studies the art of buying and selling. Lately as level of un- employment in the country kept increasing with its induced many other uncertainties, the Nigerian Government in 2009 using the Nigerian Accounting Standard Board (NASB) introduced Entrepreneurship as a common course in the Universities’ syllabi. Entrepreneurship is a course that teaches how to create wealth, business start up, survival in business and self employment. While Nigeria is about to inculcate the concepts and tenets of this course to her teem- ing unemployed graduates and undergraduates, another school of thought has come up with another course called ‘Social Entrepreneurship’. Social Entrepreneurship centres on how to create wealth for the development of the Society and to help curb societal ills of unemployment, hunger, disease and illiteracy. Our study attempts to investigate the demarcating lines between Commerce, Entrepreneurship and Social Entrepreneurship. Towards this purpose, the specific