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IMPACT OF ENTREPRENEURSHIP CENTRES ON JOB CREATION IN NIGERIA

IMPACT OF ENTREPRENEURSHIP CENTRES ON JOB CREATION IN NIGERIA

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IMPACT OF ENTREPRENEURSHIP CENTRES ON JOB CREATION IN NIGERIA

ABSTRACT

Entrepreneurship development and job creation continue to get significant attention because to their impact on unemployment and poverty reduction in many parts of the world. The government established the National Directorate of Employment as part of its attempts to increase employment.

This study examined the influence of entrepreneurship centres on employment creation in Nigeria, using the University of Uyo’s entrepreneurship centre as a case study.

Its objectives are as follows: to survey the impacts of entrepreneurship centres on job creation in Nigeria, to inquire into the causes that contribute to unemployment in Nigeria, and to research the benefits of entrepreneurship centres on the people of Uyo.

Chapter one

INTRODUCTION

1.1 Background for the Study

Human economic development through well-planned education and training efforts will significantly contribute to the advancement of individuals’ interests and ambitions inside the country (Egwu, 2009).

Technical and vocational education and training (TVET) can help persons become gainfully employed, thereby encouraging economic development, full employment, and social inclusion.

TVET programmes are characterised as skill-based programmes designed to help students prepare for direct admission into desired or interested occupations.

The successful completion of the programme results in a technical and vocational qualification that is highly relevant in the job market and is widely recognised by the Ministry of Education (MoE) and employer associations in Nigeria (UNESCO, 2007).

Entrepreneurship activities, on the other hand, have been beneficial because the Nigerian private sector, which consists of small and medium-sized enterprises, provides diverse employment opportunities for more than half of the country’s population and half of its industrial output (Ariyo, 2005; Oyelola et al, 2013).

Many other countries have been able to strengthen and transform existing entrepreneurship centres into active and fascinating ones, resulting in significant reductions in unemployment and poverty. Unfortunately, the reverse is true in Nigeria.

According to a 2011 World Bank report on Nigerian economics, the unemployment rate increased from “12% of the working population in 2006 to 24% in 2011”. Despite being one of the richest states in terms of crude oil production and federal allocation in the country, Akwa Ibom State’s unemployment rate is rising at a rapid pace.

This is not exclusive to Akwa Ibom State; it is a national occurrence. According to the National Bureau of Statistics (NBS), in 2010, Akwa Ibom State has the second highest unemployment rate in the south-south zone, at 36.1%.

Available documents clearly show that throughout Nigeria’s last two decades of sovereignty (1960s and 1970s), unemployment and its associated consequence, poverty, were not a national concern, as they are today.

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