TABLE OF CONTENTS
Abstract
CHAPTER ONE
1.0 Introduction
1.1 Background of Study
1.2 Statement of Problems
1.3 Research Objectives
1.4 Research Question
1.5 Research Hypothesis
1.6 Scope of Study
1.7 Significance of study
1.8 Limitation of study
1.9 Definition of terms
CHAPTER TWO
2.0 Literature Review
CHAPTER THREE
3.0 Research methodology
3.1 Research Design
3.2 Population of study
3.3 Sampling Design and Procedure
3.4 Data Collection Instrument
3.5 Administration of Data Collection Instrument
3.6 Methods of data analysis
CHAPTER FOUR
4.0 Data Presentation and Analysis
4.1 Data Presentation
4.2 Test of Hypothesis
CHAPTER FIVE
5.0 Summary, Conclusion and Recommendation
5.1 Summary
5.2 Conclusion
5.3 Recommendation
References
Questionnaire
CHAPTER ONE
1.0
INTRODUCTION
1.2 BACKGROUND OF THE
STUDY
One of the
major issues in the world (Nigeria) today is the need to create more jobs. This
idea would only be effective with the change of attitude towards
Entrepreneurship Development.
Entrepreneurship
has to do with having the idea (thinking), initiating it into existence and
having the mind to take the risk. Bringing the entrepreneurship into class room
is capable of shooting up the economic development of any nation to highest
peak of development. In Nigeria as a nation, we still have plenty of
entrepreneurial talents, such as small business, welder, furniture, mechanics,
tailoring, catering to mention but few. According to ACS, Carlsson and Karlsson
(1999) many nations have suffered from economic backward and high unemployment
due to neglect of Entrepreneurship Development in our school systems. The
entrepreneurial spirit and its implementation are needed. The real
Entrepreneurship would only be achieved not only by policy making but providing
human materials, financial materials and material resources in our Developmental
system. As a result of rapid increase worldwide on Entrepreneurship as the key
for economic development and job creation, policy makers and non governmental
organization have developed varieties of measures to improve
Entrepreneurship
(Gnyanwali and Fogel, 1994). This paper therefore aims to look at ways to
increase the spirit of Entrepreneurship in our future generations, why people
take Entrepreneurship courses, its [imperative] effectiveness, the growth of
Entrepreneurship courses and steps to encourage Entrepreneurship Development in
our country, and its benefit to our graduates and their environment.
Entrepreneurship
simply means accepting the risk of starting and running a business, be it
technical work or buying and selling of goods etc. It may be individual or team
entrepreneurial. The team Entrepreneurial is a group of experienced people from
different areas of business, who join together to form a managerial team with
the skills needed to Development has to do with encouraging, inspiring
children, youths and elders on how to be independent both in thinking and
creativity in business. Business being an economic activity that man engages
himself in order to satisfy his needs requires be well planning for, well
managing and coordinating to ensure effectiveness. On the other hand, from a
micro perspective by Sexton and Bowman (1987) Entrepreneurship Development is
creation of business plan, case studies and lectures. For the spirit of
Entrepreneurship Development to survive, the educators should take it upon
their shoulder to develop courses around business life cycle. The policy makers
should seek solution from the Entrepreneurship Educator and as such work on
their suggestions.
Hills
(1988) in his survey of fifteen teaching educator in the field, found that
courses have been created around the production of business plans with an
emphasis on market, feasibility analysis, provision of infrastructures such as
endowed faculty, research centers, professional organization, journals and the
mass media by both government and non governmental organizations has given
significant support and sustenance of Entrepreneurship Development. Base on the
above fact, it is relevant at this juncture to express objectively that if our
various institutions are stocked with proper equipment, infrastructures,
students schools records, qualified Entrepreneurship Developmental teachers and
the government on their own part could have a significant effect on
Entrepreneurship by offering minimum start-up capital to committed students
after graduation.
1.3 STATEMENT OF THE PROBLEM
McMullan
and Long, and Wilson (1987) suggested that Entrepreneurship Development should
be creatively grounded and that students should be exposed to real problem
solving and taught strategies to deal with ambiguous and complex situation. In
addition to their view, students should be exposed to substantial hand-on
working experience with community ventures. The knowledge of Entrepreneurship Development
to both male and female at their early age should serve as a key to cement the
reasoning of being independent to their minds. Providing necessary materials
into the class room would go a long way in sustaining and making the young ones
to develop positively towards Entrepreneurship and being independent.
1.4 SCOPE/OBJECTIVES OF THE STUDY
The
objectives of this study are to investigate the how small scale business can
serve as a strategy for entrepreneurship development in Nigeria. In fact, it is
a tool through which social, economic and political development could be
achieved. If it is properly planned, funded and implemented. The objectives of
entrepreneurship development are spelt out by Osuala (2010) as:
1. To provide meaningful development for
youth which could make them self reliance and subsequently encourage them to
drive profit and be self independent
2. To provide graduate with the training
and support necessary to help them establish a career in small and medium size
business.
3. To provide graduates with training
skills that will make them meet the manpower needs of the society.
4. To provide graduates with enough
training in risk management to make uncertainty bearing possible and easy.
5. To stimulate industrial and economic growth
of rural and less developed area.
6. To provide graduate enough training
that will make them creative and innovative in identifying new business
opportunities.
7. To provide small and medium sized
companies with the opportunity to recruit qualified graduates who will receive
training and tutoring in the skills relevant to management of the business
centre.
From the
above objectives, it is evident that this type of development if it is given
all it deserves and properly implemented will produce quality graduates that
will foster job creation and reduce or eliminate poverty in Nigeria. This could
be realized when the graduates are self-reliant by establishing their own
business small/medium scale enterprises.
Job
creation is one of the cardinal objectives of Millennium Development Goals.
When an ample job opportunities is created it will invariably help to reduce
poverty and enhance better standard of living of an individual in Nigeria. Job
creation is an act of making work in which one receive regular payment available
to the citizenry. That is creating an enabling environment for ample employment
opportunities in the society. This is done by establishing cottage,
small/medium scale enterprises in Nigeria.
1.5 RESEARCH QUESTION
(1)
What
are the effects of entrepreneurship on Nigeria economic development?
(2)
What
are the panaceas to lack of entrepreneurship development in Nigeria economic
development?
(3)
Does
entrepreneurship development in Nigeria help our Nigeria Society?
(4)
What
are the contributions of small and medium scale business to the development of
Nigeria economy?
(5)
Does
creating an employment can enable environment for ample employment
opportunities in the society?
1.6 DEFINITION OF TERMS
Entrepreneurship: can be defined as the act of starting
or organizing a business especially one involving risk.
Development: is the process of facilitating
learning knowledge, skills, values, beliefs, and habits of a group of people
are transferred to other people, through storytelling, discussion, teaching,
training, or research.
Panacea: a solution or remedy for all
difficulties.
Economic: is the social science that seeks to
describes the factors which determine the production, distribution and
consumption of goods and services.
Development: the process of developing or being
developed.