Skill Acquisition and Entrepreneurial Intention Among Corp Members in Southwestern Nigeria

Skill Acquisition and Entrepreneurial Intention Among Corp Members in Southwestern Nigeria

Adedeji Oluwaseun Adewusi (Pan-Atlantic University, Nigeria)
Copyright: © 2019 |Pages: 17
DOI: 10.4018/978-1-5225-8443-8.ch009

Abstract

The objective of this chapter was twofold: it examined the perceived differences between institution-based and the SAED-based entrepreneurship programs and documented the factors influencing the entrepreneurial intention of corps members in Southwest Nigeria. A total of 352 copies of questionnaire were administered, and 45 in-depth interviews were conducted among corps members that were purposively selected in Lagos, Oyo, and Osun states. The study found that institution-based entrepreneurship knowledge was basically theoretical in that it never gave room for hands-on training that SAED-based entrepreneurship provides corps members with. Also, the findings of the study conformed to the theoretical standpoint that was adopted as it was discovered that the intention of being self-employed was positively and negatively influenced by factors that were demographical, economic, family, social, political, educational, and religious in nature. Conclusions and recommendations were made thereafter.
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Introduction

Unemployment can be a major driver of social vices in Nigeria. In recent times, the scourge of kidnapping, cybercrime, terrorism, armed robbery, prostitution and brain drain among youths, whose get-rich-quick ideology has continued to take new dimensions, is becoming worrisome. However, a great vision of the Nigerian government is premised on becoming one of the 20 most industrialized economies in the world by the year 2020. The aforementioned goal cannot be achieved in a country with over 70% of her 95 million youthful population is either underemployed or unemployed. Furthermore, available reports from various local and international bodies have shown a glaring evidence of joblessness in recent decades and are clear indications that there was no time in Nigeria’s history where unemployment is as serious as now (Asaju et al., 2014).

While it has been variously acknowledged that youth unemployment is inimical to the development of the country, it will be unjust to conclude that successive governments at one level or the other have not done anything to reduce the menace in Nigeria. For instance, the creation of National Directorate of Employment (NDE) and its skills acquisition programmes, National Poverty Eradication Programme (NAPEP), Poverty Alleviation Programme (PAP), the Subsidy Reinvestment and Empowerment Program (SURE-P), Youth Enterprise With Innovation In Nigeria (YOUWIN), just to mention a few, were some of the various intervention mechanisms aimed at ensuring economic growth that is rich with job creation initiatives.

Despite these efforts, unemployment and poverty still persists. Specifically, poor economic growth sequel to low economic activities coupled with an ever increasing population growth and thirst for foreign-made products are some of the macroeconomic factors that may account for higher unemployment rate in Africa, especially in a country like Nigeria where the number of Universities, Polytechnics and Colleges of Education is on the increase without a visible corresponding increase in job creation. More so, the trending socio-cultural belief that the acquisition of formal education is a major determinant of one being successful is adversely affecting the country as a whole (Adewusi and Adisa, 2018). The implication is that the small labour market will be unable to absorb the resulting army of white-collar job seekers. This was buttressed by Salami (2011) who argued that unemployment in Nigeria is such that it has accorded no respect for the educated chap

As a result of the foregoing, institutions are rapidly introducing entrepreneurship education at different levels of higher education system to orientate and introduce potential graduates to take alternative career options instead of seeking for white collar jobs, which are in limited supply. To corroborate this effort, the government also instructed the management of National Youth Corps Service to engage Corps members in entrepreneurship through the Skill Acquisition and Entrepreneurial Development (SAED) programme. This is towards eliminating or reducing to the barest minimum, the syndrome of youth unemployment. However, the academia, researchers and other concerned policy-makers are yet to pay adequate attention to identify and proffer a long lasting solution to the issues surrounding self-employment in Nigeria (Salami, 2011), especially issues that pertains to the entrepreneurial intention of fresh graduates in the country.

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