Prospects and Challenges of Entrepreneurial Skill Acquisition in the Tertiary Institutions

Abstract

Abstract It is no longer news that the rate of unemployment is alarming and graduates roam about the streets looking for white-collar jobs where? This paper focuses on the opportunities and the challenges of acquiring entrepreneurial skills in tertiary institutions in this country. Three Research Questions were formulated and the researchers designed a questionnaire tagged Entrepreneurial Opportunities and Challenges in Tertiary Institutions (EOCTI) which was used to obtain data. The sample consists of 100 students drawn from five (5) institutions in Ogun State of Nigeria. The random sampling technique was used to select 20 students from each of the five institutions in the State. Data collected were analysed using simple percentage frequency. The results revealed that entrepreneurial skill acquisition will improve self-reliance. It will develop leaders that will be shaped and re-shaped to meet up with the changes in the global economy and it will also improve upon the nation’s industries to have buoyant national Gross Domestic Products (GDP). It was also revealed that there was inadequate knowledge of entrepreneurship education in some of the tertiary institutions and also poor funding for new and young entrepreneurs. The paper therefore recommends that entrepreneurship education should be included in the curriculum of tertiary institutions and should be made open to all disciplines.