OF THE STUDY
programmes were first introduced in the USA, with students of private and
public universities being trained on how to become entrepreneurs (Fiet, 2001).
The first course that was taught on entrepreneur was offered at the Harvard
Business School in 1947 (Brockhaus, 2001).
Early grooming on how
to acquire knowledge and entrepreneurial skills is very necessary for producing
entrepreneurs and contributing towards the economic development of an economy.
Entrepreneurship education programmes are a step in the right direction for
inculcating entrepreneurial mindset and culture amongst university students.
The best idea youths (graduates) can adopt in order to build a sound career is
and Rimmington (2011) and Buang (2011). Entrepreneurship if fostered by
government and other well meaning organizations can help reduce unemployment in
Nigeria to a reasonable extent. Due to the failure on the quality of Nigeria’s
education, along with the government’s inability to provide jobs for the
teeming youths; entrepreneurship seems to be the surest way out of this whole
mess (Herrington et al. 2009).
play a pivotal role in ensuring both short and long term development of any
economy; this is because it prepares and produces a viable manpower necessary
to achieve this.
like one of the countries of the world currently experiencing political,
economic, and social influence of the global economic meltdown (recession) has
really served as a wakeup call to everyone to be up and doing in order to
reduce the level of poverty in the country. Nigeria as a mono-economy has also
posed a challenge in combating the high level of poverty, even as everyone
seems to depend so much on the proceeds from the sale of oil (Ahiauzu, 2010).
Though it has now dawn on Nigerians that there is need to diversify the economy
and this is where entrepreneurship as a tool towards achieving this comes to
in Nigerian universities, the policy of cost sharing applies only to federal
universities, whereas the cost of tuition fees in the state and private
universities keep increasing on a daily basis. As a result of the limited
resources available to both institutions and the government, most Nigerian
students have not gained admission to the university. Those that have succeeded
in gaining admission find it difficult to meet with the challenges and those
from low income households cannot afford the cost of going to state or private
universities. Due to these, those students that have succeeded in gaining
admission into the university find it difficult to meet up with the high cost
of tuition fees, buying of learning materials, paying for accommodation,
carrying out researches/projects, etc. therefore, they are pushed to venture
into entrepreneurship in the campuses. They have resorted to business in the
campus in order to meet ends need.
is quite noticeable in University of Lagos were you have a lot of students from
different backgrounds coming to seek for knowledge in order to be useful
members of the society. These students are seen venturing into different types
of business on the school premises in other to meet with the exorbitant cost of
education in Nigeria; trying to break the notion that ‘education is meant for
the rich’. Students of University of Lagos as means of making money sell the
finished products of their skills, example bead making, tying of gele, make-up,
making of shoes/bags, art work, etc. some venture into the sales of wears,
cosmetics, phone accessories, stationary, bags, etc.
entrepreneurship on campus has both positive and negative effect. One major
positive effect it has on university of lagos students is that it serves as a
training ground for preparing the students into being prospective entrepreneurs
who will not wait for white collar jobs of the government, but will on their
own create wealth. On the other hand, student entrepreneurship on campus tends
to affect the academic performance of students.
this is the reason for embarking on this study in order to investigate if
student entrepreneurship on campus is a survival response or a career
rehearsal, using University of Lagos as a case study.
1.2 STATEMENT OF THE PROBLEM
entrepreneurship is a recent development in the university. Nigerian students
in the university are seen running business on the campus, rather than learning
and as a result of this their academics is hindered. Students that engage in
student entrepreneurship on campus experience the following problems:
Lateness for lectures
Inconsistent with happenings in class
Extra year (having issues that make
the student stay back longer than the required duration of that course)
are the problems associated with student entrepreneurship on campus and this
study seeks to make recommendation in this regards.
OF THE STUDY
major objective of this study is to examine student entrepreneurship on campus:
a survival response or a career rehearsal?
specific objectives include:
1.To investigate the
significant relationship between student entrepreneurship on campus and human
2.To examine the
opinions of university of Lagos students on students’ entrepreneurship on
3.To examine if student
entrepreneurship on campus promotes entrepreneurship among Nigerian youths.
The following research questions are
generated to guide this study:
student entrepreneurship on campus a survival response or a career rehearsal?
is the significant relationship between student entrepreneurship on campus and
human capital development?
are the opinions of university of Lagos students on students’ entrepreneurship
student entrepreneurship on campus promote entrepreneurship among Nigerian
entrepreneurship on campus is not a survival response or a career rehearsal.
entrepreneurship on campus is a survival response or a career rehearsal.
OF THE STUDY
study is meant to inform, educate, sensitize and enlighten the general public,
universities’ administrators, and government on student entrepreneurship on
campus: a survival response or a career rehearsal.
study aims at informing particularly the government on what our universities
have been turned into (a business plaza) and the need for them to look into
solving this problem. The government needs to review their policies on ‘school
admission’ and ‘tuition fees’ into federal universities, in order for children
from low income families to have access to education rather than undergoing
addition, school administrators need to enact policies to control the rate
students involve in business in the campus.
study will be of immense benefit to other researchers who intend to know more
on this topic and can also be used by non-researchers to build more on their
work. This study contributes to knowledge and could serve as a guide for other
work or study.
OF THE STUDY/LIMITATIONS OF THE STUDY
study is restricted to student entrepreneurship on campus: a survival response
or a career rehearsal?; With University of Lagos as a case study.
Limitations of study
constraint- Insufficient fund tends to impede the efficiency
of the researcher in sourcing for the relevant materials, literature or
information and in the process of data collection (internet, questionnaire and
constraint- The researcher will simultaneously engage in
this study with other academic work. This consequently will cut down on the
time devoted for the research work.
person who organizes and operates a business or businesses, taking on greater
than normal financial risks in order to do so.
Entrepreneurship offers students the opportunity to develop themselves and gain
whenever we feel attacked or cornered or scared or threatened or overwhelmed we
all respond physiologically by releasing the stress hormones into our
system…the very same hormones that prevent us from rational thought and
solution oriented thinking…..that is why so many of us keep doing the same
things over and over again..we are simply too stressed out to really think…we
cannot change our physiological response…or can we?
Ahiauzu, A. (2010).
Entrepreneurship and economic development in Nigeria: The way forward. Books Africa
(vol. 1, pp.
278–296). Retrieved from http://www.worldsustainable.org/index.php/books/africa/volume
-1/519 – Augustine.
Fiet, J. (2001). The
pedagogical side of entrepreneurship theory.
Journal of Business
Venturing,16 - 2, 101-18.
(1982). The psychology of the entrepreneur in sexton & smilor & vesper
“The Encyclopedia of Entrepreneurship” Prentice Hall, Englewood Cliffs, N.J.
& Rimmington, M. (2011).Entrepreneurship as a career option for African
youths. Journal of Development Entrepreneurship, 16(1): 145-164.
Mike, Kew, Jacqui, Kew, Penny (2009), Global Entrepreneurship Monitor, South
(October 15, 2013).