Entrepreneurship Education versus Sustainable Economic Development in 21st Century Africa (original) (raw)
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Entrepreneurship and socioeconomic development in Africa: A reality or myth?
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Globally, entrepreneurship is seen not only as the antidote to the astronomically growing socioeconomic problem of unemployment, but particularly as the engine of economic growth and stability and by extension, the prosperity of nations. Accordingly, concerted efforts, backed by deliberate State policies and strategies, are normally geared towards its promotion and sustenance. The starting point has been recognized to be wholistic and integrated education and enlightening programmes/projects, such as the National Consortium on Entrepreneurship Education in the USA. Nigeria has not been left out of this global attention, as the National Universities' Commission, NUC, recently directed every tertiary institution in the Country to make entrepreneurial education an integral part of its curriculum. This paper examines, among others, the necessity, scope and challenges of this all-important programme at the most critical level of education. A wholistic approach has been adopted, including a survey of relevant stakeholders, notably students at the tertiary level of education in Nigeria, with thought-provoking positions/findings upon which appropriate strategies and approaches have been contributed for not only the success of the programme, but most important for the muchdesired economic transformation revolutionized by entrepreneurial spirit.
Entrepreneurship education challenges in the African setting
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According to Iwu et al (2021), most of the challenges faced by entrepreneurs can be ameliorated through entrepreneurship education or loosely referred to as business education by the likes of Tajpour, Moaddab, and Hosseini (2018), and Egele (2021). Given that there is no
Analysts have stressed the need for improved human capital development (HCD) in Nigeria and other developing nations on the ground that, a nation's human capital is vital for future technological breakthrough, international com petitiveness and sustainable economic development. This empirical paper investigates the prospect of repositioning entrepreneurship education as a strategy for boosting human capital developm ent and em ployability in Nigeria. The paper adopts a quantitative research method, specifically the use of a survey method for eliciting responses from a cross-section of academ ic staff and students from Yaba College of Technology, Lagos. A m odest sample size of 150 respondents was drawn from the target population using a convenience sampling technique. The 111 returned questionnaires were analysed electronically and results presented using descriptive and inferential statistics. The key findings indicate that entrepreneurship education is a leeway to job creation, wealth creation, youth em powerm ent, peaceful society and economic development. The paper concludes that as a matter of urgency the three levels of governm ents, academic institutions, donor agencies and private sector organisations should encourage entrepreneurship education as part of their social contribution to human capital development in Nigeria.
Entrepreneurial Education as a tool for reducing Unemployment in Nigeria
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 of gathering data, through the use of questionnaires and interview instruments. Three hundred (300) questionnaires were administered, and two hundred and fifty four (254) were 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.
Entrepreneurship Education as a Vital Tool for Wealth Creation and Unemployment Reduction in Nigeria
East African Scholars Journal of Economics, Business and Management
The progress of a nation is a function of the level of the resourcefulness of the people which to a great extent, relates to the level of quality of the training and purposeful development of education in that nation. Such progress or development could only occur when an individual in the society is gainfully employed and per capital income is enhanced. This could only be possible when government educational policies are geared towards a functional education that can lead to job creation and also selfreliance. Entrepreneurship education is a means through which government could attain such development in the society. Therefore, this paper examined entrepreneurship education as the way forward to wealth creation and unemployment in Nigeria. Entrepreneurship education could help in wealth creation and graduates employment in Nigeria. Entrepreneurship education in Nigeria with effective implementation of the programme could help to overcome the challenge of unemployment.
The objective of this study is to emphasize the need and importance of entrepreneurship education, which will serve as a panacea to some social economic problems. The present situation in Nigeria poses serious threats and challenges to both government and well meaning citizens. These socioeconomic problems call for different strategies and action for it to be ameliorated. Entrepreneurship education has been embraced by almost all the developing countries and its capabilities and efficiency in springing up economies is not in doubt. It is believed that refocusing education system will immensely contribute in developing the spirit and culture of entrepreneurship in the country. The methodology here involves review of the current situation especially existing education policies and highlights the need for departure by studying some models that can be applied. It was discovered that the current education system is deficient in providing the necessary impacts for development. It also finds out that same problems keep escalating despite various efforts by the government to review policies and programmes in the past. The uniqueness of this study is providing entrepreneurship education framework as an explanation of what and how it should be rather that what it is. It also challenges policy makers on the need to refocus their policies in problem solving rather than maintaining the status quo. The study therefore recommends that schools should be seen not only centers for knowledge creation and acquisition but also centers for human empowerment and development through entrepreneurial skill acquisition and training. Also the study recommends that there is need for complete change in approach in the education sector particularly in our policy direction and decision making process, which will pave way for a more realistic and attainable result.
Entrepreneurship education and training programs in sub-saharan africa
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Entrepreneurship Education : Panacea to Poverty Alleviation and Human Capital Development.
It is globally acknowledged that entrepreneurship education serves as a mechanism and purposeful vehicle at arresting poverty and empowering the social-economic development and growth of worldly nations. It unveils macro-economic objectives in the area of employment generation and evidently development of entrepreneurial talents. This research examines the efficacies of entrepreneurial education a purposeful vehicle for the sustainability of Nigeria economic development; it reflects the need for training of would-be entrepreneurs as a catalyst for human capital development in Nigeria. It examines various businesses that can be undertaken with little or no capital outlay for such startups. It depicts the relationship between innovation and entrepreneurship and how has innovation contributed immensely to human capital development. It highlights how Federal Government of Nigeria has been hell-belt at launching entrepreneurship education into Nigeria academic curriculum at all levels such as Universities, Polytechnics and colleges. It also examines problems undermining the rapid growth of entrepreneurial activities in Nigeria. This study reflects the impact of entrepreneurship education on poverty alleviation and human capital development in Nigeria. Keywords: Entrepreneurship, entrepreneur, innovation, creativity and economic re-engineering.
Entrepreneurship Education : A Panacea for Unemployment in Nigeria
NG-Journal of Social Development, 2016
Entrepreneurship world over are believed to be catalyst for economic growth and an antidote to unemployment. The emergence of competitive environment fostered by globalization and entrepreneurial phenomenon appears critical both at local and national level. This study focused on entrepreneurship education as a panacea for unemployment in Nigeria. A descriptive survey research method was adopted. Stratified random sampling method was used to select 120 entrepreneurs and 80 scholars from Enugu State. The instrument of data collection for this study was questionnaire administered to respondents. Ten (I0) questionnaire items that measured entrepreneurship education as a panacea to unemployment in Enugu State was presented. The techniques of analyses adopted included the statistical weighted means, scores and standard deviation. Findings arising from the study revealed that the increasing global phenomenon and awareness on entrepreneurship education will enhance the acquisition of the necessary skills for gainful and self-employment. The Nigerian educational policy should further consider the introduction of entrepreneurship development programme as a compulsory course in all level of our educational system in Nigeria. Attention should be given to the appropriate entrepreneurial education to encourage the emergence of individuals with required entrepreneurial skills so as to reduce the high level unemployment in Nigeria.