ENTREPRENEURSHIP EDUCATION: A SUSTAINABLE TOOL FOR DEVELOPING A FUTURE POOL OF GRADUATE ENTREPRENEURS
Abstract
Functional education is the process through which individuals are made participating members of the society. It enables individuals to become capable of living in the society and to contribute towards its economic development. Entrepreneurship education has emphasis on economics and covers business disciplines like management, marketing and finance with links to psychology, sociology and teacher education as well as business education. Entrepreneurship education focuses on expertise that is needed and used to conceive and commercialize business opportunities. Nigeria, specifically in the face of global economic crisis and its energy crisis require graduates who will be job ‘creators’ and not job ‘seekers’. This highlights the benefits and challenges in the development of entrepreneurship education as a sustainable tool for developing a pool of future graduate entrepreneurs. The major challenges include funding, manpower and education4 and entrepreneurial attitude/spirit. It was recommended that information technology village be established in each state of the federation to provide opportunities for local entrepreneurs to have access to global information on entrepreneurship.
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