Identifying Critical Issues in Student Entrepreneurship: Evidences from Nigeria
7 key themes are identified as critical to student entrepreneurship in this empirical presentation, using results of a study of over 7000 students and lecturers from 25 tertiary institutions across Nigeria. Gender dimensions are also considered. We share unique findings that have great potential impact for the development of student/graduate entrepreneurship.
Key themes and issues on which this presentation focuses are listed below:
i. Family Background
Are students influenced by their families’ entrepreneurial history? Do family characteristics (income, educational levels and size) affect decisions to become entrepreneurs?
ii. Entrepreneurial and business experience
What proportion of undergraduates is presently involved in business? What factors motivated or discouraged students’ past involvement in business? Is there a link between past involvement in business and the decision of students to become entrepreneurs?
iii. Entrepreneurial Education
How important is entrepreneurship education and how is its impact to be measured?
iv. Attitude and aspirations
What are the current attitudes of young Nigerian towards entrepreneurship? What socio-economic, demographic, academic and cultural factors (ethnic origin, course of study, academic performance as reflected in CGPA, students’ age, gender, marital status) influence the fostering and development of entrepreneurship?
Do young Nigerians envisage themselves becoming entrepreneurial? How would this entrepreneurship manifest itself? If entrepreneurship is typified by certain characteristics, do young Nigerians think they possess these traits?
vi. Government policy and environmental factors
What do young people perceive as practical or structural barriers to entrepreneurship? What do they perceive as enhancers of entrepreneurship? How do they perceive the role of government programs and initiatives? Are these programs and initiatives adequate to promote entrepreneurship?
vii. Predicting and promoting entrepreneurial behavior
What factors best explain the propensity of students to become entrepreneurs? What policies should be adopted to promote entrepreneurship among students?
The relative importance of each of these issues will be brought out empirically, and the unique developing country experience will be beneficial to all. Participants may compare figures and findings. Specifically, the presentation offers lessons and contributes to best practices for the implementation and impact assessment of entrepreneurship in schools and colleges.
Dr. Willie O. Siyanbola, National Centre for Technology Management (Federal Ministry of Science and Technology), Osun State
Abiodun A. Egbetokun, National Centre for Technology Management (Federal Ministry of Science and Technology), Osun State