ENTREPRENEURSHIP EDUCATION AS A TOOL FOR REDUCING UNEMPLOYMENT IN NIGERIA

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ENTREPRENEURSHIP EDUCATION AS A TOOL FOR REDUCING UNEMPLOYMENT IN NIGERIA

 

ABSTRACT

Education in Nigeria is devoid of the element crucial to averting the surging rate of unemployment in the country, therefore the breeding of psychological dependence on direct access to money. Entrepreneurial development through education will advance the economy of the nation; much credence should be given to it and ingrained with focus on profitable personal development. Unemployment prevails in the country, hence, the growth of violence, poverty and segregation amongst citizens, because the educational system itself fails to empower the ones passing through it. This research work, therefore examines the strategies of entrepreneurial education carried out in two of the universities pioneering it; Federal University of Technology, Akure, and Covenant University Ota, the former being a public university and the latter a private university. The objectives of the study were to appraise if educational styles arouse interest of students in the industries of their discipline; to explore the effectiveness of entrepreneurial development strategy in education in universities that implements it; to see if the current university educational system stimulates entrepreneurial creativity in its students. The methodology adopted was a mixed analysis of quantitative and qualitative parameters based on the survey design which relied on primary and secondary sources ofgathering data, through the use of questionnaires and interview instruments. One hundred (100) questionnaires were administered, and they were all returned. The study adopted quota and simple random sampling technique. The data was analyzed and presented using tables and percentages. The findings of this research portrays a huge disparity between the perception and conceptualization of entrepreneurship in the graduates of each university used in the study, this further highlights the significant impact of the system of teaching entrepreneurship within the two universities. The study shows that entrepreneurial education should be taught with field oriented and practical approaches. It was discovered that graduates from Covenant University are more apt to creating value, and are more self driven and willing to use opportunities available to them whether or not they have an employment. The study recommends that there should be a working partnership, bridging the gap between the higher institutions and the industry. Lecturers should have field experience to aid communication and teaching of the courses and Universities should work toward becoming entrepreneurial hubs for students and young entrepreneurs. The government should also focus more on the youth age group for entrepreneurship development in the country amongst other things critical to the development of the nation.

 

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ENTREPRENEURSHIP EDUCATION AS A TOOL FOR REDUCING UNEMPLOYMENT IN NIGERIA

 

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