Entrepreneurship Education and Self-Employment in Nigeria: Evaluation of Perceived Barriers to Actualization
Journal Title: International Journal of Academic Research in Business and Social Sciences - Year 2018, Vol 8, Issue 12
Abstract
Following the integration of Entrepreneurship Education into the curricular of all tertiary institutions in Nigeria, much light has been shed on the influence of entrepreneurship education on the probability of graduates being self-employed after graduation. However, there is a lack of systemic investigation in the area of barriers to entrepreneurship and how they affect the intention of becoming entrepreneur. Consequently, the aim of this study is to identify perceived barriers which prevent graduates from self-employment. Using responses from 200 graduates of tertiary institutions on a 5 point Likert Scale, data is analysed with Descriptive statistics, Correlation and Component Factor Analysis having subjected the validity check on questionnaires’ responses to Cronbach Alpha test. The findings showed that difficulty involved in securing loan from financial institutions, fear of risk, inability to generate new business idea, weak economic environment and difficulty in locating customer were major obstacles to starting a business with cumulative variance of 70.15%. These effects are found to be positive on barriers to graduates’ decision to be self-employed with respective eigenvalues of 4.030, 2.674, 2.216, 1.194 and 1.108. The study therefore suggests that the policy maker should implement sound economic policies to boost the country’s economic environment, simplify the bureaucracy of assessing loan and increase the campaign to re-orientate Nigerians towards Nigerian products. The institutions of learning also need to do more in the area of mentoring to alley the fear of risk and adopt interactive and practical operational methods of teaching in delivering entrepreneurship education.
Authors and Affiliations
Mulkat Ajibola Yusuff
Keywords
Related Articles
- EP ID EP597127
- DOI 10.6007/IJARBSS/v8-i12/5417
- Views 45
- Downloads 0
The Regional Input-Output Model for East Malaysia Region: Construction and Application
This study examines the importance of regional development planning to economic growth through the construction of regional input-output table for East Malaysia. It is particularly important because only limited past stu...
The Meaning and Values of Tradition Dedeng Rice Harvest as Local Cultural Defense in Timbang Jaya Village Langkat Regency
This study examines the cultural values of rice harvest dedeng in developing and maintaining the integrity of norms that are compatible with religion. Therefore, the culture that is in accordance with the community in th...
Development of Al-Quran Android Application from Year 2013 To 2016: The Highlight
The global market has experienced a huge increase in the number of mobile apps since the number of smartphone users shows a good rapid. Along with that, it gives an opportunity for the development of Islamic apps which i...
The Diversity of Recreational Knowledge in Sulalatus Salatin: Reflection of Intellectuality of Melaka Sultanate
The culture and the arts of the palace during the Malay sultanate of Melaka were very exclusive compared to the common people. The rulers of the kingdom must demonstrate the strength and greatness of all things in order...
A Review of the Motorcycle Phenomenon on Livelihoods in Eldoret and Kakamega Municipalities
Commercial motorcycle taxi has emerged as an important mode of road transport in many developing countries. In Kenya, it is only in the last one decade or so that this mode of transport, known popularly as boda boda gain...