Thursday, 13 August 2015

Entrepreneurial Education and its Consequence in Nigerian Economy

Entrepreneurship is not a new concept in Nigeria; however, as much as it is popularly discussed, it can be figuratively stated that it is being poorly or rarely implemented. As it is, according to Omolayo (2006) is the act of starting a company,
arranging business deals and taking risks in order to make profit through the education skills acquired. Another view of entrepreneurship education is the term given to someone who has innovative ideas and transforms them to profitable activities. Summarily, entrepreneurship can be described as “the process of bringing together creative and innovative ideas and coupling these with management and organization skills in order to combine people. Money and resources to meet an identified need and creative wealth.
In the same vein Nwangwu (2007) opined that entrepreneurship is a process of bringing together the factors of production which include land, labour and capital so as to provide a product or service for public consumption. However, the operational definition of entrepreneurship is the willingness and ability of a person to acquire educational skills to explore and exploit investment opportunities, establish and manage a successful business enterprise.

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