Effect of Support for Entrepreneurship Development on Economic Growth and Development in Nigeria

Adelekan, Saidi Adedeji; Tijani, Abideen Adekunle

doi:10.19044/esj.2017.v13n13p426

Cited by 6 publications

(6 citation statements)

References 24 publications

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“…Concept of Entrepreneurship Development Programmes Adelekan and Tijani (2017) observed that entrepreneurship development is the ability to envision and chart a course for a new business venture by combining information from the functional disciplines and from the external environment in the context of the extraordinary uncertainty and ambiguity which faces a new business venture. A greater percentage of jobs are created by entrepreneurs who started with small businesses (Mathew & Victor, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

Government Entrepreneurship Programmes and Unemployment in Osun State, Nigeria

2022

JIBM

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Youth unemployment is one of the most difficult problem threatening economic development of many nations. Entrepreneurship Development Programme (EDP) is therefore increasingly recognized all over the world, as a panacea to ameliorate the menace of unemployment. Any country that attaches special importance or gives special attention to entrepreneurship stands a better chance of reducing unemployment and improved economy. This study therefore seeks to examine the impact of EDP on the menace of unemployment in Osun state, Nigeria. The specific objective seeks to examine the impact of National Directorate of Employment (NDE) on youth empowerment; and determine the effect of N-power on poverty reduction in Osun state. The study adopted survey research design, using item structured instrument to elicit information from the respondents, for a true representation of the whole population of twenty-five and seventeen thousand (25,000 & 17,000) from both NDE and N- power respectively. The sample of four hundred (400) and two hundred and fifty (250) from both NDE and N -power respectively, making a total of six hundred and fifty (650) respondents was drawn from the population using Taro Yamane (1967) formula for estimating sample. A total of 650 questionnaires were administered out of which six hundred and thirty-two (632) were properly filled and returned. The formulated hypotheses were tested using multiple regression with the aid of Statistical Package for Social Science (SPSS…Version20). The finding of the study revealed that NDE programmes have significant impact on job creation. with the R2 of 0.598. The study also revealed that N-power significantly address poverty reduction, most especially in Osun State, with R2 value of 0.687, which indicate that technical skills which comprises of cognitive and non-cognitive skill actually reduced unemploment. Therefore, It was recommended that, in other to produce a typical entrepreneurs that will not only be self-employed but employ more other unemployed youth, government should make it as a point of duty that beneficiaries are given practical training and ensure they acquire technical skills, both cognitive and non- cognitive skill during and after the programme. Keywords: Entrepreneurship Development Programme (EDP), Skills, National Directorate of Employment (NDE), N-power, Youth Empowerment

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Section: Literature Reviewmentioning

confidence: 99%

Government Entrepreneurship Programmes and Unemployment in Osun State, Nigeria

2022

JIBM

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“…No doubt that the domain of entrepreneurship had witnessed an influx of research endeavours. Some of which studied Universities supporting students’ entrepreneurship tendency ( Adelekan and Tijani, 2017 ; Ahmed et al, 2020 ; Leung et al, 2020 ), entrepreneurial alertness for opportunity identification ( Kevin, 2016 ), career adaptability in predicting entrepreneurial intention including those with special needs ( Laramie et al, 2014 ; Leung et al, 2020 ). Related work in this domain was done by Michael and Doris (2001) , who examined personal initiative (PI) as an active performance concept for work in the 21st century.…”

Section: The Present Studymentioning

confidence: 99%

Moderating Role of Initiative on the Relationship Between Intrinsic Motivation, and Self-Efficacy on Entrepreneurial Intention

Ogba¹,

Ogba²,

Ugwu³

et al. 2022

Front. Psychol.

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The growing population of new graduates and the increasing scarcity of employment opportunities have made entrepreneurship an unavoidable option for employment and self-sustenance. This study investigates the effect of the initiative in moderating the relationship between intrinsic motivation, self-efficacy, and entrepreneurship intention through the integrated framework of theory of planned behaviour, self-determination, and humanism. This study contributes insights to how these factors moderated by initiative influence entrepreneurial intention among graduating students of tertiary institutions in Nigeria. This study adopted a cross-sectional design to examine the moderating role of initiative on the relationship between intrinsic motivation, and self-efficacy on entrepreneurial intention among Nigerian graduates. A total number of 688 graduate students, including 266 (38.6%) males and 422 (61.4%) females with a mean age of 24.30 years (SD = 3.69), participated in the study. Participants responded to a self-report questionnaire containing Initiative, Intrinsic motivation, self-efficacy, and entrepreneurial intention scales. Results showed that all the variables correlated positively with entrepreneurial intention. Furthermore, initiative moderated the relationship between self-efficacy and entrepreneurial intention [value and start-ups/operations (OPS)], such that high self-efficacy with high initiative showed higher entrepreneurial intention (value). While to those with low self-efficacy and low initiative, high self-efficacy with high initiative showed higher entrepreneurial intention (OPS) compared to low self-efficacy and low initiative. The study highlighted the role of initiative in transforming young graduates’ entrepreneurial intention into full-fledged entrepreneurs.

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“…With the aforementioned, entrepreneurs who are potential trend setters are forced to fall back to their personal savings and loans from family and friends. Adelekan and Tijani (2017) emphasised on the high cost of doing business which makes the amount received from the sources insignificant to start the business thereby terminating business ideas that were ready for startup.…”

Section: Relevance Of Working Capital (Financial Empowerment) To Empl...mentioning

confidence: 99%

“…Education is a sustainable development that enables individuals to acquire knowledge, values and skills needed to make decisions as to how things can be done collectively either from the local or global perspective with the aim to improve the quality of life now and in the future. Entrepreneurs reasonably contribute to social and economic states of the nation via development of strategies and capabilities needed for proper coordination of resources, innovation and freedom of creativity (Adelekan and Tijani, 2017;as cited in Shariff and Saud, 2009). Entrepreneurial training serves as a way to develop the mind that bores creativity and equip such minds with meaningful skills that will sustain and increase creativity (Sitoula, 2015;as cited in Singer et al, 2012).…”

Section: Employment Creation and Sustainability Through Entrepreneuri...mentioning

confidence: 99%

Entrepreneurial Development and Employment Creation: A Focus on Education and Financial Aid as a Sustainable Option for Youths in Nigeria

Ngele

2020

JGEB

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This paper shades evident light on the launch of entrepreneurial development and employment creation in recent times. The main objective lays bare the value of entrepreneurial development as a plausible option in the creation of employment for youths in Nigeria. From the study, entrepreneurial development is not rooted on a singular fundamental approach. There are other concentrations, such as entrepreneurial education and financial empowerment, which relates to job creation and sustainability. The inquiry investigated how entrepreneurial training and financial empowerment boost employment creation and sustainability for Nigerian youths. The study righty adopts Econometrics analysis while using a time series data from 1992 to 2015 retrieved from the Bureau of Statistics and Central Bank of Nigeria statistical bulletin. The variables stipulated in the inquiry were analyzed using E-views computational software while inculcating the unit root/ Augmented Dickey Fuller test etc for the statistical analysis. The findings divulged that entrepreneurial education triggers the desire for financial freedom in Nigerian youths. The study appreciably recommends that the government instigate policies that pay more attention to entrepreneurial education in tertiary institutions as Nigerian youths are encouraged to improve themselves via entrepreneurial enlightenment.

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Effect of Support for Entrepreneurship Development on Economic Growth and Development in Nigeria

Cited by 6 publications

References 24 publications

Government Entrepreneurship Programmes and Unemployment in Osun State, Nigeria

Government Entrepreneurship Programmes and Unemployment in Osun State, Nigeria

Moderating Role of Initiative on the Relationship Between Intrinsic Motivation, and Self-Efficacy on Entrepreneurial Intention

Entrepreneurial Development and Employment Creation: A Focus on Education and Financial Aid as a Sustainable Option for Youths in Nigeria

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