Volume 1, Issue 1 , 2013

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https://ir.unilag.edu.ng/handle/123456789/3757

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Browsing Volume 1, Issue 1 , 2013 by Subject "Education"

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    Open Access
    Potential for Innovation and Entrepreneurship Development in Nigeria: Lessons from Students of Landmark University
    (University of Lagos Press, Akoka, 2013) Akinwale, A.A
    The present article examines the possibility of entrepreneurship development from the perspectives of the budding students in a private university. The discourse is situated within the ambits of the Theory of Planned Behaviour. Data were obtained through a survey of 250 students from various departments at Landmark University, Omu Aran, Kwara State, Nigeria. A multi-stage probability sampling technique was adopted for the selection of the sample size. The findings reveal overwhelming proportions of the respondents with talents and desire for entrepreneurship (87% versus 96.6%). Self-employment was the next plan of more than half of the respondents (56.1%). Based on the results of the hypotheses, possession of talent and desire for entrepreneurship was influenced by a number of factors such as ethnicity (R2 = 0.031, F = 4.6, P = 0.034); possession of talent (R2 = 0.804, F = 599.76, P = 0.001); desire for entrepreneurship (R2 = 0.329, F = 71.55, P = 0.001); and desired highest level of education (R2 = 0.032, F = 4.79, P = 0.03). It is concluded that some of the future entrepreneurs in Nigeria will be highly educated and innovative. In this case, there is need for recognition of self-help as a major strategy to maximize opportunity for the development of entrepreneurship in the midst of the adverse influence of globalization.