Systematizing the Predictors of Entrepreneurial Intention among Undergraduate Students in some Selected Private Universities in the South-Western Nigeria
- July 15, 2019
- Posted by: RSIS
- Category: Business Administration
International Journal of Research and Scientific Innovation (IJRSI) | Volume VI, Issue VI, June 2019 | ISSN 2321–2705
Stephen Olugbenga Afolabi1, Johnson O. Laosebikan2, David Babatunde Salako3
1,2,3Department of Business Administration, Bowen University, Iwo, Nigeria
Abstract:-This research is aimed at systematizing the factors influencing entrepreneurial intentions among undergraduate students of some selected private universities in the South-Western Nigeria. The parameter used in measuring entrepreneurial intentions are personality traits like, self efficacy, risk taking ability, behavioural control, internal locus of control, proactiveness, innovation, special skills, capabilities as well as favorable attitude. Theory of Planned Behavior (TPB) was used as a theoretical framework to verify the entrepreneurial intentions of three hundred and sixty two (362) undergraduate students of Faculty of Social and Management Sciences in six private universities in the South-Western Nigeria. Analysis of this research shows that majority of the respondents agreed that personality traits like: self efficacy, special skills, risk taking ability, behavioural control, internal locus of control, proactiveness, innovation, capabilities, and favorable attitude are the real predictors of entrepreneurial intentions in that particular order. Consequently, a robust curriculum is proposed for a positive effect on students personality trait and consequently on entrepreneurial intention of students in Nigeria which will help to reduce the rate of unemployment in the country and also enhances growth and development.
Keywords: Entrepreneurship, Entrepreneurial Intention, Undergraduates, Entrepreneurial Traits, Private Universities and Predictors.
I. INTRODUCTION
The population of unemployed Nigerians stands around 21 million people (National Bureau of Statistics, 2018) out of the estimated workforce of 112 million people while another 18 million Nigerians are categorized as been underemployed according to the United Nation Department of Economics and Social Affairs report (2018) So it will not be out of place if we say 31 million of the workforce in Nigeria, representing about 35% is not gainfully employed.
