Academic journal article Ife Psychologia

Assessing the Entrepreneurial Inclination of University Students in Delta State

Academic journal article Ife Psychologia

Assessing the Entrepreneurial Inclination of University Students in Delta State

Article excerpt

ABSTRACT

Entrepreneurship increases the capital output and income of a nation and it is accompanied by growth and increased output which allow more wealth to be distributed by the various participants. It is a tool necessary in the creation of more jobs and poverty reduction which is one eight Millennium Development Goals. The study investigated the entrepreneurial inclination of students in universities in Delta State. Random Sampling technique was adopted to select 200 students used from two universities in the State (one private and public). The Entrepreneurial Inclination Questionnaire (EIQ) was administered to the respondents to collect relevant data. Descriptive and inferential statistics were used to analyze the data collected. The findings showed that 98% of the respondents were either moderately or highly inclined towards entrepreneurship. Also no significant differences were found in the entrepreneurial inclination of students based on their demographic characteristics. It was recommended that the directive by the government on the teaching of entrepreneurship in all tertiary institutions should be enforced, so that school graduates will be productive members of the society.

KEYWORDS: Entrepreneurship, entrepreneurial inclination, economic development

Introduction

Nigeria has a large number of unemployment and unemployable graduates partly because her educational system is certificate- driven and lacked the practical or entrepreneurial capabilities. [InnocentEne 2008]. The United Nations Human Development Report [1998] estimated that 48.5 percent of the country's total populations [i.e. about 55.0 million] live below poverty line and the 2000/2001 estimation put the percentage of the poor at between 66 and 70 percent. Wikipedia [2010] states that Nigeria "s economy is struggling to leverage the country vast wealth in fossil fuels in order to displace the crushing poverty that affects about 57 percent of her population. Nigeria is a nation where there is the co-existence of vast wealth in natural resources and extreme poverty; this is referred to as "resources curse." Despite the huge human and natural resources, Nigeria still falls among the poorest nations in the world today. Unemployment is one of her major problems. [Akintoye, 2008] Ewuzie and Ikeji [2010] posited that one of the greatest challenges Nigerian youths contend with is unemployment. They asserted that as the scourge intensifies daily, not a few graduates are beginning to realize that job hunting is a lot more difficult than schooling.

Employment generation is one of the means of alleviating poverty, increasing the level of economic activities will translate into economic growth. Akintoye (2008) opined that unemployment can be reduced through the development of the informal sector, in this sector people are empowered towards being self productive and independent. Entrepreneurship boosts the economic growth and development of nations: for developed economies it helps to revitalize the economy, ease the problem of unemployment, a potential catalyst and incubator for technological progress, product and market innovation ; in developing economies it is an engine of economic progress, job creation and social adjustment (Yusuf, Sandhu&Kishore, 2007). The role of entrepreneurship in economic development involves more than just increasing per capital output and income, it involves initiating and constituting change in the structure of business and society. This change is accompanied by growth and increased output, which allows more wealth to be divided by various participants (Hisrich, Peters &Shephard, 2009).

Though the Nigerian government has taken steps to reduce the problem of unemployment through the establishment of the National Directorate of Employment (NDE) in 1986, yet there is still the massive unemployment. The objective of NDE was to promptly and effectively fight unemployment by designing and implementing innovative programmes which are directed towards the provision of training opportunities through the guidance and management support services to graduate , farmers and small scale entrepreneurs. …

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