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Abstract
The study examined entrepreneurship development as a panacea for employment creation. The objectives of the study were to find out if entrepreneurship development has been a useful tool for employment creation in Nigeria, find out if the compulsory entrepreneurship education in institution can stimulate entrepreneurship skills in future graduates, and explore the effectiveness of entrepreneurship development course/training on unemployment reduction in Nigeria. The study employed the descriptive research design as it uses both quantitative and qualitative data at the same time by merging the data and using the results to understand a research problem. The targeted population for the study comprised registered entrepreneurs in South-
South Nigeria. However, for this study, the population was drawn from entrepreneurs in Benin City in which the population consists of (300) three-hundred respondents. Hence, the sample size for the study comprised of eighty-three (83) entrepreneurs in Benin City. The data for the study were presented in tables, using frequencies and percentages. The hypotheses were tested using
the chi-square distribution formula. The findings from the study revealed that entrepreneurship development has been a useful tool for employment creation, entrepreneurial development strategies has created good opportunities to startup businesses, entrepreneurship development always give birth to job creation which encourages the people to do something that will better
their lives and the country at large, entrepreneurship development has led to the development of indigenous entrepreneurship and increase utility of local resources, increasing incidence of youth unemployment in Nigeria has been associated with weaknesses in entrepreneurship education. The study then recommended that promoting entrepreneurship should be high in the agenda of governments seeking growth. To achieve this, the policy makers should be more precise in their macro and micro policy directions to target their efforts in promoting entrepreneurship as an effective instrument in defeating recession in the country, policy makers should tailor make the entrepreneurship spurring programs based on the specific requirements of these categories of entrepreneurs during economic recession, and that, regarding the industry composition (relative entries rates in different industries), policy makers should focus on industries that attract moreopportunity and necessity entrepreneurs during recession in the short term.
South Nigeria. However, for this study, the population was drawn from entrepreneurs in Benin City in which the population consists of (300) three-hundred respondents. Hence, the sample size for the study comprised of eighty-three (83) entrepreneurs in Benin City. The data for the study were presented in tables, using frequencies and percentages. The hypotheses were tested using
the chi-square distribution formula. The findings from the study revealed that entrepreneurship development has been a useful tool for employment creation, entrepreneurial development strategies has created good opportunities to startup businesses, entrepreneurship development always give birth to job creation which encourages the people to do something that will better
their lives and the country at large, entrepreneurship development has led to the development of indigenous entrepreneurship and increase utility of local resources, increasing incidence of youth unemployment in Nigeria has been associated with weaknesses in entrepreneurship education. The study then recommended that promoting entrepreneurship should be high in the agenda of governments seeking growth. To achieve this, the policy makers should be more precise in their macro and micro policy directions to target their efforts in promoting entrepreneurship as an effective instrument in defeating recession in the country, policy makers should tailor make the entrepreneurship spurring programs based on the specific requirements of these categories of entrepreneurs during economic recession, and that, regarding the industry composition (relative entries rates in different industries), policy makers should focus on industries that attract moreopportunity and necessity entrepreneurs during recession in the short term.
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