The impact of entrepreneurship education and training in the birth, growth, development and survival of student owned enterprise in Nigeria
Anthony Olusegun Oyeyemi
Entrepreneurship Education (EE) is a study relating to the Practice(s) of Entrepreneurship. It consists of the theoretical/academic skills, competencies, technicalities and psychological awareness required of an individual in the birth, growth and development of a Business idea into a Profitable venture. Entrepreneurship Training (ET) is the practical aspect of Entrepreneurship. It is meant to equip individuals, entrepreneurs and small business owners on the technicalities required in the running, survival and development of a business venture. Entrepreneurship Education and Training is being regarded as the path way to the Practice(s) of Entrepreneurship. Entrepreneurship/vocational training has been one of the most sort after activities by Entrepreneurship trainers/facilitators in recent years, but too little has been said on its impact on Student owned business/enterprise in Nigeria. This study is aimed at knowing the impact of Entrepreneurship Education and Training (EET) on the development of Student Owned Enterprise in Nigeria. Using the Secondary Method of data collection, the study made use of existing literatures on Entrepreneurship Education by authors in the Entrepreneurship and Business management field in the world. The study found out that the inclusion of Entrepreneurship Education in Nigerian Institution’s syllabus has led to the rapid rise of student owned enterprise on the University campus. The study also found out that Entrepreneurship Training (ET) has majorly impacted students with the skills and technicalities needed for the development and sustenance of their business. It was concluded from the study that Entrepreneurship Education and Training are needed for the survival and development of Student Owned Business Enterprise in Nigeria. The study made recommendations to the Government of the Nation, young individuals, entrepreneurship educators, vocational trainers, existing university based business incubators.