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Business Education a Tool for Poverty Reduction in Nigeria

In: Business and Management

Submitted By fungirl91
Words 5099
Pages 21
American International Journal of Contemporary Research

Vol. 2 No. 1; January 2012

ENTREPRENEURSHIP TRAINING AND EDUCATION AS STRATEGIC TOOLS FOR POVERTY ALLEVIATION IN NIGERIA Dr. O. J. K. Ogundele Department of Business Administration & Management Technology Lagos State University, Ojo; Lagos Nigeria. Waidi Adeniyi Akingbade Department of Business Administration & Management Technology Lagos State University Ojo; Lagos, Nigeria. Hammed Babatunde Akinlabi Associate Lecturer Lagos State University External System Ojo, Lagos, Nigeria. Abstract
The main objective of the study is to investigate the intensity of entrepreneurship training and education as strategic tools for poverty alleviation in Nigeria. Using a stratified random sampling technique, 250 entrepreneurs and apprenticeships from five recognized local government areas in Lagos state, South Western Nigeria were selected as our respondents. Data were gathered through a self-monitored questionnaire survey. Simple regression analysis was used to test the relationship between the entrepreneurship training and education and poverty alleviation. Two hypotheses were postulated to determine the relationship between technical skill and youth empowerment and between personal entrepreneurial skill and social welfare services. This study confirmed that entrepreneurship training and education are significantly related to the youth empowerment and social welfare services. Findings revealed that youth empowerment are influenced by their acquired technical skill. The study recommends effective technical education, youth empowerment, and social welfare service as a catalyst for poverty alleviation.

Keywords: Entrepreneurship, Poverty Alleviation, Education.
INTRODUCTION

In Nigeria and other African countries, poverty is described as a socio-economic problem that affects growth and development in the region. The government...

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