Youth Preparation For Entrepreneurship In Higher Education In Nigeria

Project and Seminar Material for Education

Youth Preparation For Entrepreneurship In Higher Education In Nigeria


Abstract


The study specifically investigates youth preparation for entrepreneurship in higher education in Nigeria, using University of Lagos as a case study. In conducting this study, two hypotheses were formulated to achieve the stated objective. Data were collected from secondary and primary sources. Questionnaire was designed, sorted presented analysed and interpreted. Findings from data collected revealed that the development of entrepreneurship has significant effects on job creation and self-reliance. Hence, useful recommendations were made at the end of the study.


Chapter One


Introduction

1.1 Background to the Study

Higher education, as defined by National Policy on Education (1998) is the education given after secondary education in Universities, Colleges of education, Polytechnics, Monotechnics, including those institutions offering correspondence courses. The goals of tertiary education in Nigeria as spelt out by the policy are: to contribute to national development through high level relevant manpower training; to develop and inculcate proper values for the survival of the individual and society; to develop the intellectual capability of individuals to understand and appreciate their local and external environment; to acquire both physical and intellectual skills which will enable individuals to be self-reliant and useful members of the society; to promote and encourage scholarship and community service; to forge and cement national unity; and to promote national and international understanding and interaction.

On the other hand, Schumpeter (1994) defines entrepreneurship as the ability to perceive and undertake business opportunities, taking advantage of scarce resource utilization. In simplest form, entrepreneurship is the willingness and the ability to seek out investment opportunities and to run an enterprise for profit. In this later sense, entrepreneurship takes premium over capital. It is equally more fundamental than capital because capital formation is the result of entrepreneurial activity. Entrepreneurs are therefore regarded as central figures in economic development. Their contributions run through labour actions, movement of capital goods and conversion of raw materials into finished products, and ultimately, effectual distribution of the products to final consumers.

Entrepreneurs are therefore those who search and discover economic opportunities, marshal the financial and other resources necessary for the development of the opportunities, evaluate alternatives available in the environment and allocate resources to the most profitable ones as well as take the ultimate responsibility for the management and/or successful execution of opportunities. An Entrepreneur is somewhat comfortable with taking and assuming risks which are impassioned with the dream being pursued. He or she knows where to get help, and when it is needed as well as being ever ready to receive changes in the business surrounding environment (Schumpeter, 1994).

Consequently, institutions of higher learning in Nigeria are expected to commence training high level manpower whose characteristics are usually obsessive, focused, articulate, and resourceful. In this way graduates will turn out typically charismatic leaders, and tend to be introspective in the skills of job creation, wealth generation and innovative skill utilization.

Besides, empowering Nigerian youths towards wealth creation, employment generation, poverty reduction and value re-orientation (NEEDS, 2005) is a foremost cardinal point for strategic macro-economic framework. This also reflects in the recent increase in the demand for educational programmes in entrepreneurship in the country’s tertiary institutions, parastatals and non-governmental paradigms. If fully satisfied, this new vision and values would shine the spotlight on small medium scale business activities in Nigeria. Thus, increased higher education on entrepreneurial skills would create that perfect opportunity to stimulate economic growth. Higher institutions of learning are therefore to properly train individual youths who will have the right tools necessary to commence and grow successful businesses with reduced risk of failure. It is in this vain of activities that higher education contributes to human resource development in many ways. Investment in higher education therefore remains a key contributor to the nation’s economic growth.

Higher institutions in Nigeria have been saddled with the main responsibility of training both youths and the nation’s professional personnel such as managers, scientists, engineers and technicians who participate in the development, adaptation and diffusion of innovations in the country. The development of higher education in the country is correlated with economic development. However, matching the quality of the products of institutions of higher learning in the country at present with the country’s higher educational laudable goals simply reveals that the Nigerian nation has not yet found her path on what was planned for it through higher education in terms of preparing the youths for entrepreneurship. It is against this background that this study examines the extent to which higher education in Nigeria has really succeeded in preparing youths for entrepreneurship and the world of work.


1.2 Statement of Problem

It is worthwhile to re-emphasize here that entrepreneurs and the small businesses they create are economic stimulators. Our country’s economic growth hinges on our ability to create new jobs through entrepreneurship, and successful entrepreneurship, in turn, requires well-trained graduates from our institutions of higher learning who are aspiring entrepreneurs willing to take the helm of venture creation. But the underpinning issue at this point still remains ascertaining whether the quality of education offered at present by tertiary institutions in the country is the one assuring the genuine preparation of young graduates for entrepreneurship and not for job seeking.

The above issue of concern is predicated on the apparent hues and cry of many scholars (Tawari, 2002; and Okoroma, 2006) about the poor quality and falling standard of tertiary education in Nigeria, which is seriously incapacitating the system from producing the right type of graduates that suits the desired human capital needed for job creation and genuine economic growth and development in the country.

This study therefore attempts to examine the extent to which higher education in Nigeria has prepared the youths for entrepreneurship.


1.3 Objective of the Study

The aim of this study includes the following:

  1. To examine the extent to which university education influences the development of students’ intellectual skill for entrepreneurship;
  2. To ascertain whether university education influences the development of students’ affective skill for entrepreneurship; and
  3. To determine the extent to which university education influences the development of students’ psychomotor skill for entrepreneurship.

1.4 Research Hypotheses

In the course of the study the following hypotheses will be tested at 0.05 level of significance. The alternative hypotheses are represented by “H1” while the null hypotheses by “Ho”.

Hypotheses one:
  • Ho: University education has not significantly influenced the development of students’ intellectual skill for entrepreneurship.
  • H1: University education has significantly influenced the development of students’ intellectual skill for entrepreneurship.
Hypotheses two:
  • Ho: There is no relationship between University education and developing entrepreneurial skills.
  • H1: There is a relationship between University education and developing entrepreneurial skills.

1.5 Significance of the Study

  1. This study is significant for providing relevant information on the need to improve on higher education towards proper preparation of undergraduates for the world of work.
  2. It will also be a sensitization document to undergraduates and anybody who accesses it on the paramount importance of going for entrepreneurship skills development education programmes to acquire relevant skills that will enable one survive in a depressed economy.
  3. The results of the study are also meant to create a high level of awareness among prospective graduates on the relevance of entrepreneurship education.
  4. The study is also significant for articulating the need for education planners and Nigerian tertiary institutions’ authorities (private and public) to direct effort at inculcating courses for entrepreneurship development skills into tertiary institutions’ curricula and programmes.

1.6 Scope and Limitation of the Study

This study focused on examining higher education in Nigeria as correlates of youth preparation for entrepreneurship. It was limited to determining the extent to which Nigerian higher education programs have influenced the development of the intellectual, affective and psychomotor skills of youths for entrepreneurship. The study was limited to institutions of higher learning in Lagos State. Besides, only two hundred students sampled from these institutions were involved in the study. The researcher encountered some constraints, which limited the scope of the study. These constraints include but are not limited to the following

a) Availability of Research Material:

The research material available to the researcher is insufficient, thereby limiting the study

b) Time:

The time frame allocated to the study does not enhance wider coverage as the researcher has to combine other academic activities and examinations with the study.


1.7 Definition of Terms

The terms below were operationally defined relative to their usage in the study.

Entrepreneur:

This is a motivated person who seeks profits by undertaking such risky activities as starting new businesses, creating new products, or inventing new ways of accomplishing tasks.

Entrepreneurship:

This is the creative ability or skills of individuals to seek profits by taking risks and combining resources to produce innovative products.

University Education:

This is the education given after secondary education in universities, including those institutions in the universities offering graduate and post graduate correspondence courses.


1.8 Organization of the Study

This research work is organized in five chapters, for easy understanding, as follows

  • Chapter one is concern with the introduction, which consist of the (overview, of the study), historical background, statement of problem, objectives of the study, research hypotheses, significance of the study, scope and limitation of the study, definition of terms and historical background of the study.
  • Chapter two highlights the theoretical framework on which the study is based, thus the review of related literature.
  • Chapter three deals on the research design and methodology adopted in the study.
  • Chapter four concentrate on the data collection and analysis and presentation of finding.
  • Chapter five gives summary, conclusion, and recommendations made of the study

Chapter Five


Summary, Conclusion and Recommendation

5.1 Introduction

It is important to ascertain that the objective of this study was to ascertain a critical analysis of youth preparation for entrepreneurship in Higher education in Nigeria

In the preceding chapter, the relevant data collected for this study were presented, critically analyzed and appropriate interpretation given. In this chapter, certain recommendations made which in the opinion of the researcher will be of benefits in addressing the challenges of youth unemployment and how they can be addressed through entrepreneurship education.


5.2 Summary

This study aimed at having a critical analysis of youth preparation for entrepreneurship in higher education in Nigeria. Two objectives were raised which includes: To examine the extent to which university education influences the development of students’ intellectual skill for entrepreneurship, to ascertain whether university education influences the development of students’ affective skill for entrepreneurship and to determine the extent to which university education influences the development of students’ psychomotor skill for entrepreneurship.


5.3 Conclusion

The perennial problem of unemployment and its attendant social problems among Nigeria University graduates (youths) calls for the review of higher institution of learning curricula and immediate implementation of the National Universities Commission (NUC) policy statement on Entrepreneurship education. Entrepreneurship education may provide students with necessary preparation to meet the challenges and problems of economic crisis and unemployment. Any discipline could benefit from entrepreneur drive to enhance the beneficiaries’ creative capacity and raise a generation of self-reliant youths sustaining the economy.


5.4 Recommendation

In view of the importance of entrepreneurship education in promoting creativity, innovation, managerial competencies and creating jobs, the study recommend that: The curricula of senior secondary and tertiary education be reviewed to incorporate entrepreneurship education which must be made compulsory to all students of faculty of education in Nigeria. This will enable students acquire the necessary basic business skills for self-employment and self-reliance. Visitation to successful local entrepreneurs should be organized for students of entrepreneurship education. Through such visits, instructors should expose students to successful small and medium business enterprises. Students should undertake case studies of successful business enterprises to becoming familiar with entrepreneurial and managerial competencies. State governments should provide enabling environment, more funds to enable State Directorates of Employment grant micro credit loans and provide entrepreneurial skills and capacity training to carefully selected trainees. Adequate sensitization campaigns should be made by various Faculties of Education to enlighten undergraduate students on the importance of entrepreneurship education for averting unemployment after school.


Complete Material For Youth Preparation For Entrepreneurship In Higher Education In Nigeria


Project Material Download

3,000 Naira


The Complete Material will be Sent to You in Just 2 Steps

Quick & Simple…


Step One Purchase

Make a Mobile Transfer or POS Payment of ₦3,000 to any of the Account Below

Access Bank PlcAccount No.: 0811003731
Name: Samphina Academy
Account Type: Current
Zenith BankAccount No.: 1225513212
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 

Step Two Purchase

Send the Following Details on WhatsApp ( 08143831497) After Payment

  • Payment Details
  • Email Address 
  • Youth Preparation For Entrepreneurship In Higher Education In Nigeria

The Complete Material Will Be Sent To Your Email Address After Receiving Your Details
T & C Apply


  Contact Our Help Desk


⚠️ 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 “Youth Preparation For Entrepreneurship In Higher Education In Nigeria” 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 “Youth Preparation For Entrepreneurship In Higher Education In Nigeria” 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.