ENTREPRENEURIAL DEVELOPMENT AND EMPLOYMENT CREATION
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
Abstract
Unemployment has been a major issue in the Nigerian economy since the mid-1980s. Consequently, the Federal government adopted several strategies and policies towards entrepreneurial development in Nigeria to combat the unemployment problem. All over the world, entrepreneurship has been adjudged to have the capacity to generate employment. Indeed, extant literature discloses that entrepreneurship has been linked with the creation of self-employment. This notwithstanding, literature reveal that only limited studies have been conducted on entrepreneurship in developing economies, especially Nigeria, hence the need for further research. Hence, this study investigated entrepreneurial development and employment creation in Oyo State, Nigeria. The study sought specifically to assess the capacity of small and medium scale enterprises (SMEs) to generate employment in Oyo State.
The study adopted a survey research design. The population of the study was all the 4,000 registered SMEs in Oyo State, provided by the National Association of Small and Medium Scale Enterprises. Stratified random sampling technique was utilised to select sixteen out of thirty-three local government areas in Oyo State as well as the sample size of 400 SMEs. The choice of the study area was based on size and concentration of SMEs. The research instrument was a self-developed and validated questionnaire. The reliability test of the major variables in the questionnaire yielded the following Cronbach’s alpha coefficients: Self Employment=0.86, Business Partnership=0.68, Business Inheritance=0.74, Government Employment Training Programme=0.67 and Entrepreneurship Development=0.93. A total of 455 copies of the questionnaire were administered with a response rate of 87.9%. Data were analysed using descriptive and inferential (multiple regression) statistics.
Findings revealed that there was a significant relationship between self-employment and acquisition of vocational skills (R2 =0.763; p=0.000). There was also a significant relationship between business partnership formation and acquisition of managerial skills (R2=0.754; p=0.001).Similarly, there was a significant relationship between family business formation and acquisition of technical skills through inheriting enterprises (R2=0.713; p=0.002). Moreover, there was a significant relationship between government employment training programme and self-employment (R2=0.693; p=0.000). In addition, among the SMEs in Oyo State, bakery (125) business center (76), petty trading (63) and barbing (61) generated more employment opportunities than others.
The study concluded that vocational skills and government training created employment opportunities through the SMEs in Oyo State, Nigeria. Also, formation of business organizations enhanced the acquisition of managerial and technical skills. The study recommended that government and SMEs should focus on the establishment of enterprises that generate employment most. In addition, government should provide adequate training for entrepreneurs while entrepreneurs in turn should provide adequate and continuous training for employees to enhance their technical skills.
Related Project Materials
ANALYSIS OF THE INFLUENCE OF PEAK MILK ADVERTISEMENT ON CONSUMER BEHAVIOUR
EXCERPT FROM THE STUDY
The dairy food market in Nigeria is competitive and is dominated by a few brands. The advent of new brands of Milk...
THE IMPACT OF THE RUSSIAN INVASION OF UKRAINE ON THE ECONOMIC STRENGTH OF UKRAINE
ABSTRACT
This study was carried out to examine the the impact of the Russian invasion of Ukraine&n...
EFFECT OF INTERNAL CONTROL SYSTEM ON RISK MANAGEMENT
ABSTRACT
This study examine the effects of internal control system on risk management. The researcher consider employee...
THE ROLE OF CONTINUOUS ASSESSMENT IN TEACHING AND LEARNING OF ECONOMICS
Abstract
The study was carried out to determine the role of continuous assessment in teaching and learning of Economics...
BOKO HARAM INSURGENCY AND NIGERIA’S RELATIONS WITH THE UNITED NATIONS STATES 2009-2019
Abstract
The persistence of&nbs...
Vehicle Number plate detection Application
ABSTRACT
Vehicle license plate recognition Application is a form of image processing that recognizes automobiles by their number plates....
THE EFFECT OF ENVIRONMENT ON THE PERFORMANCE OF SECONDARY SCHOOL STUDENTS IN ENGLISH LANGUAGE
ABSTRACT
This study sought to identify factors that affect effective...
impact of information technology on secretarial profession in nigeria
STATEMENT OF PROBLEM
Even though modern technology is regarded as important and of high value in ensuring quality...
THE ROLE OF FORENSIC ACCOUNTANTS IN ASSET TRACING
Abstract: THE ROLE OF FORENSIC ACCOUNTANTS IN ASSET TRACING
This research explores the role of forensic accountants in asset tracing, foc...
THE APPRAISAL OF FRAUD CONTROL TECHNIQUES IN NIGERIA COMMERCIAL BANK
ABSTRACT
Appraisal of fraud control techniques in Nigeria commercial banks (a case study of first bank Nigeria plc) is p...
