Entrepreneurship Skills Acquisition And The Benefits In Undergraduate Student In Lagos

Project and Seminar Material for Entrepreneurship

Entrepreneurship Skills Acquisition And The Benefits In Undergraduate Student In Lagos


Abstract


This study was carried out on entrepreneurship skills acquisition and the benefits in undergraduate student in Lagos using Lagos State University as a case study. The survey design was adopted and the simple random sampling techniques were employed in this study. The population size comprised of Lagos State University. In determining the sample size, the researcher conveniently selected 160 respondents and 141 were validated. Self-constructed and validated questionnaire was used for data collection. The collected and validated questionnaires were analyzed using frequency tables, and mean scores. While the hypotheses were tested using chi-square statistical tool. The result of the findings reveals that entrepreneurship skill acquisition empowers students economically.The study also revealed that entrepreneurship skill helps undergraduates to undertake the risk of venturing into applying the knowledge and skills gotten from school for self employment. Further findings showed that entrepreneurship skill acquisition provides undergraduates with enough training to enable creativity and innovation so as to encourage self-employment and self-reliant. Therefore, it is recommended that the private sectors could provide students with exchange programmes in form of industrial attachment, induction and overseas programme training sponsorship for the indigent and potential entrepreneurs and professionals in entrepreneurial field. To mention but a few.


Table of Content


Chapter One:

Introduction

  • 1.1 Background of the Study
  • 1.2 Statement of the Problem
  • 1.3 Objective of the Study
  • 1.4 Research Questions
  • 1.5 Research Hypothesis
  • 1.6 Significance of the Study
  • 1.7 Scope of the Study
  • 1.8 Limitation of the Study
  • 1.9 Definition of Terms
  • 1.10 Organisations of the Study

Chapter Two:

Review of Literature

  • 2.1 Conceptual Framework
  • 2.2 Theoretical Framework
  • 2.3 Empirical Review

Chapter Three:

Research Methodology

  • 3.1 Research Design
  • 3.2 Population of the Study
  • 3.3 Sample Size Determination
  • 3.4 Sample Size Selection Technique and Procedure
  • 3.5 Research Instrument and Administration
  • 3.6 Method of Data Collection
  • 3.7 Method of Data Analysis
  • 3.8 Validity of the Study
  • 3.9 Reliability of the Study
  • 3.10 Ethical Consideration

Chapter Four:

Data Presentation and Analysis

  • 4.1 Data Presentation
  • 4.2 Analysis of Data
  • 4.3 Answering Research Questions
  • 4.4 Test of Hypotheses

Chapter Five:

Summary, Conclusion and Recommendation

  • 5.1 Summary
  • 5.2 Conclusion
  • 5.3 Recommendation
  • References
  • APPENDIX
  • QUESTIONNAIRE

Chapter One


Introduction

1.1 Background of the Study

According to the National Policy on Education (1998), higher education is defined as education provided following secondary education at universities, colleges of education, polytechnics, and monotechnics, as well as institutions offering correspondence courses. The policy’s stated objectives for tertiary education in Nigeria are as follows: to contribute to national development through high-level relevant manpower training; to develop and inculcate proper values necessary for individual and societal survival; to develop individuals’ intellectual capacity to comprehend and appreciate their local and external environments; and to acquire both physical and intellectual skills that will enable individuals to be self-reliant and useful.

On the other hand, Schumpeter (1994) defines entrepreneurship as the capacity to recognize and pursue business possibilities while maximizing the exploitation of scarce resources. Entrepreneurship, in its simplest form, is the willingness and aptitude to search out investment possibilities and operate a profitable business. Entrepreneurship takes precedence over capital in this latter meaning. It is also more basic than capital since entrepreneurial activity results in capital formation (Tawari, 2002). As a result, entrepreneurs are viewed as essential players in economic progress. Their contributions are made through labor actions, capital goods movement, raw material conversion to completed products, and finally, effective distribution of the products to final customers.

Entrepreneurs are therefore those who seek out and discover economic opportunities, marshal the financial and other resources necessary to develop them, evaluate available alternatives in the environment and allocate resources to the most profitable ones, and ultimately bear responsibility for the management and/or successful execution of opportunities. An entrepreneur is relatively at ease with taking and undertaking risks that are motivated by the pursuit of a goal. He or she is aware of where to obtain assistance and when it is required, as well as being constantly prepared to adapt to changes in the corporate environment (Schumpeter, 1994).

As a result, Nigeria’s institutions of higher learning are anticipated to begin educating high-level workers who are often obsessive, focused, eloquent, and resourceful. As a result, graduates tend to be charismatic leaders with an introspective approach to job development, wealth growth, and innovative talent usage.

Additionally, empowering Nigerian youths to contribute to wealth growth, job creation, poverty reduction, and value reorientation is a critical component of a strategic macroeconomic framework (NEEDS, 2005). This is also reflected in the recent surge in demand for entrepreneurial educational programs at the country’s academic institutions, parastatals, and non-governmental organizations. If completely realized, this new vision and principles would cast a light on Nigeria’s small and medium-sized businesses. Thus, increasing higher education focused on entrepreneurial abilities would provide the ideal environment for economic growth to occur. Higher education institutions are consequently responsible for properly training individual youngsters who will have the required skills to start and run profitable firms with a low chance of failure. Higher education helps to human resource development in a variety of ways through these types of activities. Thus, investment in higher education continues to be a critical component of the nation’s economic growth (NEEDS, 2005).

Higher education institutions in Nigeria have been charged with the primary role of teaching both young and professional individuals such as managers, scientists, engineers, and technicians who contribute to the country’s innovation development, adaption, and diffusion. Higher education progress in a country is inversely proportional to economic growth (Tawari, 2002). However, comparing the current quality of products produced by institutions of higher learning in the country to the country’s laudable higher educational goals reveals that the Nigerian nation has not yet found her path toward achieving the goals set for higher education in terms of preparing youth for entrepreneurship. This research explores the extent to which higher education in Nigeria has truly prepared students for entrepreneurship and the world of work.


1.2 Statement of the Problem

It’s important emphasizing again here that entrepreneurs and small enterprises stimulate the economy. Economic development in our country is contingent upon our capacity to generate new employment via entrepreneurship, and effective entrepreneurship requires well-trained graduates from our institutions of higher learning who are eager to seize the reins of venture creation (Tawari, 2002). However, the fundamental question at this point is whether the current level of education supplied by higher institutions in the nation adequately prepares new graduates for entrepreneurship rather than job searching. The preceding concern is predicated on the apparent hues and cry of numerous scholars (Okoroma, 2006) about the low quality and declining standard of tertiary education in Nigeria, which is seriously impeding the system’s ability to produce the type of graduates necessary for job creation and genuine economic growth and development in the country.


1.3 Objectives of the Study

The broad objective of this study is to examine entrepreneurship skills acquisition and the benefits in undergraduate student in Lagos.

Specifically, other objectives of this study are:

  1. Identify the purpose of entrepreneurship education in Nigeria Universities.
  2. Determine whether entrepreneurship skill acquisition empowers the youths economically.
  3. Ascertain whether entrepreneurship skill helps undergraduates to undertake the risk of venturing into applying the knowledge and skills gotten from school for self employment.
  4. Determine if entrepreneurship skill acquisition provide undergraduates with enough training to enable creativity and innovation so as to encourage self-employment and self-reliant.

1.4 Research Questions

The following research questions will be answered in this study:

  1. What are the purposes of entrepreneurship education in Nigeria Universities?
  2. Does entrepreneurship skills acquisition empower undergraduates economically?
  3. Does entrepreneurship skills help undergraduates to undertake the risk of venturing into applying the knowledge and skills gotten from school for self employment?
  4. Does entrepreneurship skills acquisition provide undergraduates with enough training to enable creativity and innovation so as to encourage self-employment and self-reliant?

1.5 Research Hypotheses

The following null hypotheses will validate this study:

Ho: Entrepreneurship skills acquisition does not significantly benefit undergraduate students.


1.6 Significance of the Study

This study is essential because it provides pertinent information on the need to enhance higher education in order to adequately prepare undergraduates for the world of employment. Additionally, it will serve as a sensitization document for students and anyone else who reads it, emphasizing the critical significance of enrolling in entrepreneurial skills development education programs in order to gain essential skills necessary to thrive in a depressed economy.

The study’s findings are also intended to raise prospective graduates’ awareness of the need of entrepreneurship education.

Additionally, the study is crucial for articulating the necessity for education planners and the authorities of Nigerian university institutions (private and public) to focus their efforts on inculcating entrepreneurial development courses into tertiary institutions’ curriculum and programs.

Finally, this study will be beneficial to scholars and researchers as it will serve as an existing material for further studies and future references.


1.7 Scope of the Study

This study will be focused on examining entrepreneurship skills acquisition and the benefits in undergraduate student in Lagos. Specifically, this study will focus on identifying the purpose of entrepreneurship education in Nigeria Universities, determining whether entrepreneurship skill acquisition empowers the youths economically, ascertaining whether entrepreneurship skill helps undergraduates to undertake the risk of venturing into applying the knowledge and skills gotten from school for self employment, and determining if entrepreneurship skill acquisition provide undergraduates with enough training to enable creativity and innovation so as to encourage self-employment and self-reliant. The study will be conducted in Lagos State University.


1.8 Limitations of the Study

This study will be limited to examining entrepreneurship skills acquisition and the benefits in undergraduate student in Lagos. Specifically, this study will be limited to examining the extent to which higher education influences students desire for entrepreneurship, establishing if higher education promotes the development of students’ skill for entrepreneurship and ascertain ways by which students entrepreneurship skill can be developed during higher education.

Students of Lagos State University will form the population of this study, thus the sample size was limited because only a few respondents were chosen to answer the research instrument, therefore the results cannot be generalized to other schools outside the state.


1.9 Definition of Terms

Youths:

Youth is the time of life when one is young, and often means the time between childhood and adulthood. It is also defined as “the appearance, freshness, vigor, spirit, etc., characteristic of one who is young”.

Entrepreneurship:

Entrepreneurship is the creation or extraction of value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.


1.10 Organization of the Study

The study is categorized into five chapters. The first chapter presents the background of the study, statement of the problem, objective of the study, research questions and hypothesis, the significance of the study, scope/limitations of the study, and definition of terms. The chapter two covers the review of literature with emphasis on conceptual framework, theoretical framework, and empirical review. Likewise, the chapter three which is the research methodology, specifically covers the research design, population of the study, sample size determination, sample size, abnd selection technique and procedure, research instrument and administration, method of data collection, method of data analysis, validity and reliability of the study, and ethical consideration. The second to last chapter being the chapter four presents the data presentation and analysis, while the last chapter(chapter five) contains the summary, conclusion and recommendation.


Chapter Five


Summary, Conclusions and Recommendations:

5.1 Introduction

This chapter summarizes the findings into entrepreneurship skills acquisition and the benefits in undergraduate student in Lagos using Lagos State University as a case study. The chapter consists of summary of the study, conclusions, and recommendations.


5.2 Summary of the Study

In this study, our focus was to examine entrepreneurship skills acquisition and the benefits in undergraduate student in Lagos using Lagos State University as a case study. The study specifically was aimed at identify the purpose of entrepreneurship education in Nigeria Universities, determine whether entrepreneurship skill acquisition empowers the youths economically, ascertain whether entrepreneurship skill helps undergraduates to undertake the risk of venturing into applying the knowledge and skills gotten from school for self employment, and determine if entrepreneurship skill acquisition provide undergraduates with enough training to enable creativity and innovation so as to encourage self-employment and self-reliant.

The study adopted the survey research design and randomly enrolled participants in the study. A total of 141 responses were validated from the enrolled participants where all respondents are undergraduate in Lagos State University, Lagos state.


5.3 Conclusions

Based on the findings of this study, the researcher made the following conclusion.

  1. The purposes of entrepreneurship education in Nigeria Universities include; to serve as catalyst for economic growth and development, to offer undergraduates with adequate training in risk management to make learning outcome feasible, to create job and employment opportunities for its citizenry, and offer functional education to the youths to enable them to be well empowered and self-reliant people in their own right.
  2. Entrepreneurship skill acquisition empowers students economically.
  3. Entrepreneurship skill helps undergraduates to undertake the risk of venturing into applying the knowledge and skills gotten from school for self employment.
  4. Entrepreneurship skill acquisition provides undergraduates with enough training to enable creativity and innovation so as to encourage self-employment and self-reliant.

5.4 Recommendations

Based on the findings of the study, the following recommendations are proffered.

  1. Technical innovation should be emphasis as technology is imperative. This requires a holistic linking of technology to industry through an overhaul of curricula and investment prioritization. The output from various tiers of education should reflect human capital development needs.
  2. The University curriculum should seek to produce graduates that are critical and creative thinkers, with real skills, those who are ready to challenge the status quo, ready to make mistakes and learn from them. Graduates, who are not afraid to put forward novel ideas, listen to others and be ready to compromise where necessary.
  3. Entrepreneurship education should be introduced as a compulsory credit load course for all the new entrants; overhaul the tertiary institutions in terms of provision of modern infrastructure, equipment, materials and maintenance; review the present curricula to be meet the modern globalization and technological dynamics; there should be concerted effort and policy towards the adequate funding and massive investment in entrepreneurship education; the gap between the employers of labour and the managers/administrators of tertiary institutions must be bridged through collaboration of efforts.
  4. The private sectors could provide students with exchange programmes in form of industrial attachment, induction and overseas programme training sponsorship for the indigent and potential entrepreneurs and professionals in entrepreneurial field.

Entrepreneurship Skills Acquisition And The Benefits In Undergraduate Student In Lagos


Project Material Download


₦5,000


The complete material will be sent to you in just 2 steps.

Quick & Simple…


Step One Purchase

Make payment of ₦5,000: through USSD Transfer, Bank Mobile App, ATM Transfer, or POS Transfer to:

Access Bank PlcAccount No.: 0811003731
Name: Samphina Academy
Account Type: Current

Or Click Here to pay with Debit Card

FOR CLIENTS OUTSIDE NIGERIA:
Click Here to pay with Debit Card ($30)
GHANA – Make Payment of 120 GHS to MTN MoMo, 0553978005, Douglas Osabutey 

  PAY WITH CRYPTOCURRENCY


Step Two Purchase

Send the following details through Text Message or WhatsApp Messenger | 08143831497

  • Payment Details 
  • Email Address 
  • Entrepreneurship Skills Acquisition And The Benefits In Undergraduate Student In Lagos

The complete material will be sent to your email address after receiving your payment information | T & C Apply

  Contact Our Help Desk


You may also like:

⚠️ Need a different topic? Perform a quick search



Get A Complete Business Plan For Any Business In Nigeria

Business Plan for Businesses in Nigeria

  Business Plans in Nigeria


Disclaimer


This research material “Entrepreneurship Skills Acquisition And The Benefits In Undergraduate Student In Lagos” is for research purposes and should be used as a guide in developing your research project / seminar work. For no reason should you copy word for word (verbatim) as samphina.com.ng will not be liable for any who copied the material.

The aim of providing this material is to reduce the stress of moving from one school library to another all in the name of searching for research materials. This service is legal because, all institutions permit their students to read previous projects, books, articles or papers while developing their own works. According to Austin Kleon “All creative work builds on what came before”.

samphina.com.ng is only providing this material “Entrepreneurship Skills Acquisition And The Benefits In Undergraduate Student In Lagos” as a reference for your research. The paper should be used as a guide or framework for your own paper. The contents of this paper should be able to help you in generating new ideas and thoughts for your own research. Use it as a guidance purpose only.

Samphina Academy

Samphina Academy is an Online Educational Resource Center that is aimed at providing students with quality information and materials to aid them in succeeding in their academic pursuit.