Entrepreneurship Education as a Catalyst for Employment Generation and Sustainable Economic Development in Agege Local Government Area, Lagos State

Entrepreneurship Education as a Catalyst for Employment Generation

Abstract

Entrepreneurship education has been said to be the answer to the economic
challenges of most developing economies. Hence, this study paper examined
entrepreneurship education as a panacea for employment generation and
economic development in Nigeria. Three specific objectives, three research
questions, and two research hypotheses guided this study. The research
design was descriptive survey. The study was conducted in the Agege Local
Government of Lagos state. Multi-stage sampling techniques, which
comprised purposive and simple random sampling techniques to select 86
respondents across the studied. This researcher developed 16-item four-point
scale questionnaire titled “entrepreneurship education, employment
generation and economic development questionnaire was admitted to 86
respondents. 80 questionnaires were returned and found useful for analysis.
The Data collected was analyzed using descriptive and inferential statics.
The hypotheses were tested with PPMC analysis at 0.05 level of significance.
The study found that there is a significant and positive relationship between
entrepreneurship education and employment generation. Also,
entrepreneurship education significantly impacts poverty reduction.
Furthermore, capital was the major challenge identified as a constraint to
entrepreneurship education as solution to unemployment and poor economic
development in the studied area. Based on the findings of the study, it was
concluded and recommended that entrepreneurship education should be
well-funded in schools, to allow the students at various level acquire the
needed vocational and managerial skills needed to be self-reliant and effort
should be made make funds available to beginners