An Investigation On The Importance And Need Of Entrepreneurship Education In Tertiary Institutions

Project and Seminar Material for Entrepreneurship

An Investigation On The Importance And Need Of Entrepreneurship Education In Tertiary Institutions


Chapter One


Introduction

1.1 Background of the Study

One of education’s aims is to guarantee that all young people and adults have fair access to suitable learning and life skills. The supply of practical skills is, in reality, an essential component of the Nigerian educational system.

Human resources are the most important assets for every organization’s efficient and successful administration. Due to its contributions to the expansion of the national economy, entrepreneurship education has undoubtedly taken on a new dimension. As a result, educational regulatory bodies across the country, including the National Universities Commission (NUC), the National Commission for Colleges of Education (NCCE), the National Board for Technical Education (NBTE), and others, have been ordered to include entrepreneurship education in their curricula (Babalola, 2010). Unemployment, underemployment, poverty, sickness, and a severe lack of infrastructure amenities beset most developing nations, including Nigeria. As of 2000, the unemployment rate among Nigerian school leavers and graduates was worrisome. High unemployment had already contributed to increased poverty and major social issues in Nigeria by the time the military relinquished government in 1999. (Babalola, 2010). According to available data from the National Bureau of Statistics, inflation is quite high at 9.6%, and unemployment is at 24%, the highest in roughly 16 years (Daily Sun, 2016).

The Obasanjo government ordered that all university students in Nigeria, regardless of major, be exposed to entrepreneurship education in order to stem the flood of unemployment in the nation. This is in recognition of the fact that Nigeria’s education in two major sectors, namely, information and communication technology and entrepreneurship education, would need to become more globalized. To this purpose, the UNESCO Section for Vocational and Technical Education, in collaboration with the Nigerian National Board for Technical Education, anchored a project aimed at better preparing a significant number of young Nigerians for the workplace (UNESCO, 2000).

Nigeria is now dealing with a significant unemployment crisis, as well as a deteriorating quality of living, rising disparities between the country’s urban and rural regions, and insufficient social and physical infrastructure to fulfill the demands of a quickly expanding population (Ferej, 2009). Many jobless people have resorted to menial employment to make ends meet, while others have gone to the informal sector to start small businesses, mostly as merchants.

In the past, a common method to addressing the issue of limited work prospects was to build massive industrial complexes that were supposed to provide a significant number of jobs and improve the local economy (Charmes, 2010). This strategy was mostly ineffective since it was capital-intensive in a country with low capital, such as Nigeria. It really created few new job possibilities and widened the wealth divide between the affluent and the poor. As a result of this approach’s failure, official development initiatives are increasingly focusing on the growth of small businesses in the informal sector run by self-employed people.

While small business formation seems to have a lot of employment growth potential in Nigeria, the effect of new job creation in the informal sector may be restricted for a variety of reasons. First, rather than being the outcome of planned plans within an overarching government policy framework, most of the expansion of private firms in the informal sector in Nigeria has been spontaneous. Second, although a huge number of small businesses may be developed, their chances of becoming medium-sized businesses are restricted (House, Ikiara and McCormick, 2010). The lack of expansion may be attributed to a market oversupply of comparable commodities, a lack of management and technical skills, a lack of capital, and poor product quality (House et al, 2010). Small business growth is increasingly being seen as critical to the attainment of government’s larger goals. Poverty reduction, economic progress, and the rise of more pluralistic communities are among them (International Labour Organization, 2000).

The acquisition of appropriate skills, abilities, and competencies, both mental and physical, as equipment for the individual to live in and contribute to the development of his society, is one of the nation’s educational aims and objectives, as stated in the National Policy on Education (FGN, 2014).

The goal of entrepreneurship education is to prepare people to work in businesses as both workers and employers. An entrepreneurial education, according to Popham (2001), is intended to teach the recipient how to efficiently and successfully harness and use existing human, material, and financial resources for the creation of products and services.

Entrepreneurship education has gotten a lot of press recently. In Nigeria, the government lays a larger focus on entrepreneurship development. The National Universities Commission (1989) sent an authorized Minimum Academic Standard for the teaching of courses in business schools at the undergraduate level to all tertiary institutions, as well as a mandatory course on entrepreneurial development. Several efforts have been made to cultivate entrepreneurial spirit via research and the establishment of entrepreneurship programs in both educational institutions and entrepreneurship research centers (Akpomi, 2009).

While acknowledging the importance of education in shaping a nation’s culture and destiny, it should also be understood that a significant departure from traditional methods of doing things is required, particularly in the manner of training and teaching in Nigerian universities and other institutions. As a result, entrepreneurial education at the university level and other higher institutions must be prioritized. This should be focused on alternative teaching techniques that will harness, instill, and develop the entrepreneurial abilities of younger generations, as well as increase their potential for entrepreneurial skills, which will stimulate economic growth and development, resulting in job creation (Nkang, 2013).

The goal of entrepreneurship education is to inspire and teach people to start new firms and generate self-employment possibilities for themselves and others. Entrepreneurship education fosters human and commercial interests and potentials, as well as the development of management skills and positive interpersonal relationships, which are essential for a firm’s success. Entrepreneurship education allows young people to develop abilities linked to essential entrepreneurial knowledge, skills, and attitudes, such as recognizing business opportunities, generating ideas, and marshaling resources for the start-up and operation of a firm (Oduma, 2012). Unemployment is one of the most serious developmental issues confronting any emerging economy in the twenty-first century (Ewhrudjakpor, 2010). The rising unemployment rate among the young in Edo State has become a source of concern for the administration and all well-intentioned citizens. To resolve this issue, an intentional intervention is required. In 2008, the Nigerian Federal Government admitted that 80% of Nigerian youngsters are unemployment, with 10% underemployed (Daily Trust, 2008). According to Abdullahi (2009), the then-Minister of Youth Development, 42.2 percent of Nigerian youth are unemployed. Oyedokun (2010), the then-chairman of the House Committee on Youth and Social Development, said that 23 million of the country’s over 40 million jobless youngsters are unemployable, highlighting the need to define what can be done to improve the situation. The current scenario is concerning since the majority of graduates from the country’s educational institutions lack important marketable skills (Adamu, 2010). Governments and policymakers in most developing nations, such as Nigeria, are increasingly finding it difficult to deal effectively with young unemployment. The absence of proper provision for job creation in development plans, the ever-expanding educational growth, and the urgent desire on the part of adolescents to get university education regardless of course and course contents are all factors contributing to the high percentage of unemployment. As a consequence, a lot of university-acquired abilities seem to be dysfunctional and irrelevant (Okafor, 2011).

The unemployment crisis is especially pitiful, since the number of graduates from different colleges searching for work is growing by the day. It is important to mention that entrepreneurial education may help to correct this unsatisfactory scenario. It may be a tool for securing jobs and emancipating people by providing and acquiring the required information and skills to make citizens’ lives more meaningful. These can only be realized if higher institutions provide high-quality entrepreneurial education.

Gender is a phrase used to categorize humans as masculine, feminine, or neuter (Webster, 2007). Males are more involved in entrepreneurial activities, hence gender concerns are prominent in every significant debate about entrepreneurship education. This, without a doubt, contributes to the greater percentage of female unemployment in Nigeria, where women account for 45 percent of the 70 percent jobless population (Beaver, 2010). According to the World Economic Forum (2011), women are employed at a lower rate than males, with just 80% of men working. It’s no surprise that Audretsch (2012) believes that including more women in economic production would considerably boost the global economy while simultaneously ensuring gender equality and family well-being.

Entrepreneurship education is available at several levels throughout the Nigerian educational system. Due of the rising rate of unemployment in Nigeria, the government has begun to provide entrepreneurship instruction at different institutions at various levels. Universities, Polytechnics, Monotechnics, and Colleges of Education are the most common tertiary institutions. These institutions are either publicly held or privately owned. State government and federal government-owned institutions are two types of public-owned entities. Entrepreneurship education is often taught as a general subject for all students at various levels at postsecondary institutions.


1.2 Statement of the Problem

Many have followed the Federal Government of Nigeria’s call to establish entrepreneurship instruction at all higher education institutions in the country to combat the growing tide of young unemployment since 1999, yet there is still a missing link. In other words, the unemployment rate continues to rise, causing discontent among the jobless and the general public Olusakin (2010). Unfortunately, despite the fact that entrepreneurship education has been around for over a decade, there is very nothing to show for it. Its launch has failed to justify the significant expenditure made on it, as well as the media attention it has received. Each year, as more youth corp members graduate, the jobless line becomes longer. Many grads continue to scour the streets for non-existent employment many years after graduation. According to Akpan (2015), Nigeria’s unemployment rate increased from 21.4 percent in 2010 to 27.4 percent in 2012, before dropping to 24.7 percent in 2013. He conveyed this viewpoint using the most recent unemployment figure from the Federal Bureau of Statistics. However, he expressed unhappiness with the Federal Bureau of Statistics’ estimates of Nigeria’s unemployment rate in 2014 and 2015, which were 6.4 and 7.5 percent, respectively. He said that this data was incorrect since it indicated that the Nigerian economy is virtually at full employment, despite the fact that tertiary schools yearly generate graduates who prowl the streets looking for work. Olusakin (2010) also discovered that, despite the absence of up-to-date official data, local media sources suggest that, as of 2006, half of the Nigerian population is made up of youngsters, with 95% of them jobless. Furthermore, according to the Presidential Committee on Entrepreneurship Education, the Federal Government’s directive to make entrepreneurship education mandatory in all higher education institutions in the country was motivated by the realization that the type of education provided to students in most of the country’s tertiary institutions has limited young people’s entrepreneurial capacity to contribute meaningfully to national development. While it is true that the introduction of entrepreneurship education was intended to decrease unemployment, in spite of its introduction, unemployment has increased. This raises questions about the quality of training provided to students, the techniques utilized to give instruction, the availability of human resources to effectively conduct entrepreneurial programs, and the entrepreneurial skills acquired by tertiary institution graduates Olusakin (2010). Furthermore, practically every higher institution offers an entrepreneurial curriculum. The state of entrepreneurial education and how it may help to decrease unemployment must be determined. Because it remains the sole feasible method for expanding employment prospects, it is necessary to experimentally evaluate the modalities of entrepreneurship education implementation in higher education institutions, as well as to identify the pitfalls and solutions to the found pitfalls.


1.3 Objective of the Study

The main purpose of the study is to determine the status of entrepreneurship education organized in tertiary institutions in Kwara State.

In specific terms, the study will::

  1. To ascertain the methods used in teaching entrepreneurship education.
  2. To examine the extent of availability of materials resources for teaching entrepreneurship education.
  3. To ascertain the importance of entrepreneurship education
  4. To investigate if entrepreneurship education can reduce unemployment .

1.4 Research Questions

The following questions have been prepared for the study

  1. What are the methods used in teaching entrepreneurship education?
  2. To what extent is the availability of materials resources for teaching entrepreneurship education?
  3. What is the importance of entrepreneurship education?
  4. Can entrepreneurship education can reduce unemployment?

1.5 Significance of the Study

The findings from this study will benefit students, lecturers, organizations, government and the public at large in various ways. The students will develop interest in entrepreneurship education. They will be more serious with the course and can apply themselves in the establishment of small business enterprises in absence of employment opportunities after graduation.

The lecturers on their part will adjust to a better management and delivery of the course. This will bring about effective and efficient teaching and learning of entrepreneurship education. The employers of labour will be happy to have workers who are business conscious and who would help to increase the productivity of the various companies.

The government will also benefit as awareness will be created on the efforts being made by various institutions of higher learning on the implementation and achievement of government policy on entrepreneurship education which has great interest on the success of the programme.

The general public can benefit too as jobs can be created and they stand the chance of being employed by those graduates who would set up small scale business enterprises. By so doing the labour market will be decongested and these new entrants into business will not only create employment for themselves but also others. This will increase the available goods and services for the consumers and in the long run the welfare of the people will be enhanced. The findings of the study will expose the quality of entrepreneurship education programme in tertiary institutions.


1.6 Scope of the Study

This study will ascertain the methods used in teaching entrepreneurship education. The study will also examine the extent of availability of materials resources for teaching entrepreneurship education. The study will further ascertain the importance of entrepreneurship education. Lastly, the study will investigate if entrepreneurship education can reduce unemployment. Hence this study will be delimited to Kwara state University.


1.7 Limitation of the Study

This study was constrained by a number of factors which are as follows:

Just like any other research, ranging from unavailability of needed accurate materials on the topic under study, inability to get data.

Financial constraint, was faced by the researcher, in getting relevant materials and in printing and collation of questionnaires.

Time factor: time factor pose another constraint since having to shuttle between writing of the research and also engaging in other academic work making it uneasy for the researcher.


An Investigation On The Importance And Need Of Entrepreneurship Education In Tertiary Institutions


Project Material Download

3,000 Naira


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

Quick & Simple…


Step One Purchase

Make payment of ₦3,000: 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 ($15)
GHANA – Make Payment of 60 GHS to MTN MoMo, 0553978005, Douglas Osabutey 

  PAY WITH CRYPTOCURRENCY


Step Two Purchase

Send the following details through Text Message or WhatsApp Messenger | +234-8143831497

  • Payment Details 
  • Email Address 
  • An Investigation On The Importance And Need Of Entrepreneurship Education In Tertiary Institutions

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


An Investigation On The Importance And Need Of Entrepreneurship Education In Tertiary Institutions


Disclaimer

This research material “An Investigation On The Importance And Need Of Entrepreneurship Education In Tertiary Institutions” 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 “An Investigation On The Importance And Need Of Entrepreneurship Education In Tertiary Institutions” 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.


How to defend your research work


This is a general guide on how to defend your research work:

1. Prepare For Questions:

If you are preparing for questions that may be asked during your defense, then your answers will flow smoothly and effectively. This will prove your knowledge on the subject e.g “An Investigation On The Importance And Need Of Entrepreneurship Education In Tertiary Institutions“, and strengthening your argument. Ask friends and family, read your work for them to listen to your presentation, and write down questions. You may be lucky the panel will ask you those you have already prepared on.

2. Strong Summary:

Summarizing your chapters will help keep your audience focused because it is easy for a mind to drift, so providing summaries will ensure your panel will follow along, even if they lose focus for a brief moment. Visual aides, such as graphs and power-point presentations can be very helpful. If you are going to use these, make sure you will practice your presentation with them.

3. Be Confident in Your Research Work:

Not knowing your topic “An Investigation On The Importance And Need Of Entrepreneurship Education In Tertiary Institutions” inside out will cause you to struggle and ultimately fail with your defense. You need to know the subject from every angle to ensure you are fully prepared for any question that may come your way.

4. Conclusion:

Reinforce your findings to conclude your defense. The finale of your presentation should focus on proving the work that has been done. You may need to recap on what has changed and remained unchanged, if is necessary.

5 . Listen:

Before you get defensive or recite a particular answer, make sure you truly understand the question being asked. Being a good listener is an important quality, because providing an inaccurate or off-topic answer will also weaken the validity of your paper.

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.