ENTREPRENEURAL EDUCATION AS A TOOL OF ERADICATING POVERTY AMONG NIGERIAN YOUTHS. - UNIPROJECTS

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ENTREPRENEURAL EDUCATION AS A TOOL OF ERADICATING POVERTY AMONG NIGERIAN YOUTHS.



ENTREPRENEURAL EDUCATION AS A TOOL OF ERADICATING POVERTY AMONG NIGERIAN YOUTHS.

Abstract
          Poverty is an epidemic that has eaten deep into the fabrics of socio economic environment of our society. It affects our youths who form a substantial proportion of our virile population and these youths will definitely transform to adults later, no doubt. Hence, if the present crop of youths can be prepared towards self reliance and dependence, definitely we are preparing a good future for our adults overtime which inadvertently will cut down the poverty level of the polity.

This study is a descriptive research the population of this study consist of all youth in Nigeria, with special focus to akure North local government area of Ondo state  This study sampled five (5) youth each selected villages in Akure South. Hence, a total of ten (10) respondents were selected from each town of the local government. A total of fifty (50) respondents were adequately selected using simple random sampling techniques. The study used frequency, count, tables and simple percentage as method of analyzing the data collected from the field of survey. The results were presented in chapter four of this project work.


CHAPTER ONE
INTRODUCTION
Background to the study
Poverty is the main obstacles and problem of the people are facing particulaarly in the world [1]. As of 2013, there were about 2.47 billion people in the world living in poverty with an income of USD 2 or less a day most of them from developing or under developing countries located in African and Asian continent [1]. The population living under poverty only declined from 2.59 billion to 2.47 billion between 1981 and 2013 [1]. Hence the declines principally are seated mostly in developed countries [1].
Poverty means the lack of income or shortage of assets; the lack of competence, confidence, disempowerment, etc.; has also deprivation of national currency; it is also common to speak of an poor understanding, or culture, or spirit [2]. Poverty may arise from low productivity of the households and they face financial constraints and lack of other incentives of entrepreneurship [3]. Alan E. Singer in 2006 said that the best cure for poverty alleviation in any region of the world lies in encouraging more on business activity and startup the new ventures through entrepreneurship development [2]. Moreover, entrepreneurship provides a basis for economic change through new knowledge creation and application [2].
On the other hand, development and growth require shifts from low to high productivity, the creation and adoption of new goods and services, new skills and new knowledge [4]. These shifts are made possible by entrepreneurs who are the architects of “capacity creation‟ for productivity and growth [4]. Mobilizing the specific factors of capital, labor and technology which are generally imperfectly marketed, may not otherwise be allocated to activities supplied where productivity could be the greatest [4]. The creation of successful new ventures locally also helps to generate indigenous growth and reduce the reliance on the mercurial character of foreign direct investment [4]. However, entrepreneurship consistent source of income earnings not only to the entrepreneur and labor but also other factor inputs and given the long-term focuses and the growth potential of entrepreneurial activities [3]. The entrepreneur and labor with all income earners become more economically independent and confident to confront the challenges of life and it can, therefore, be stated that entrepreneurship promotes income empowerment in an economy and in the modern world; entrepreneurship provides a new approach for fighting poverty and stimulating economic growth in developing countries [3].
Entrepreneurship development contributes to poverty reduction when it creates employment through the startup of new entrepreneurship or the expansion of existing ones and they increases social wealth by creating new markets, new industries, new technology, new institutional forms, new jobs and net increases in real productivity, increases income which culminates in higher standards of living for the population then it is logically to state that if the number of entrepreneurs of any given country increase the poverty indicators will decrease [5]. In 2013, Bruton, G. D., D. J. Ketchen Jr, et al. examined the extant knowledge about entrepreneurship and where the future research on this important topic should move to enhance the knowledge about entrepreneurship as a pathway to reducing poverty [1].Individuals are living in poverty is a critical issue which is focuses on how entrepreneurship will help to solve the poverty, on the other hand, those who living under poverty create their own business, ultimately, entrepreneurship is a process which is creating long lasting solutions to alleviate poverty [1].

          Poverty is an epidemic that has eaten deep into the fabrics of socio economic environment of our society. It affects our youths who form a substantial proportion of our virile population and these youths will definitely transform to adults later, no doubt.
Hence, if the present crop of youths can be prepared towards self reliance and dependence, definitely we are preparing a good future for our adults overtime which inadvertently will cut down the poverty level of the polity.
Poverty in itself is a living standard below the acceptable level according to Famoriyo {1994} who described it as one of the most phenomenal, yet real and contentious issues that have confronted both the theory of economic and its practitioners from the classical to the Keynesian period.
          Considering the situation in Nigeria, Ojo {1976}, likens poverty to an elephant which is more recognized than defined. It demonstrates the growing unemployment, mismanagement of available resources, technological backwardness, low capacity utilization and the prerdominance of agrarian economy which leaves the citizens to live a low standard of life.
          In order to achieve core objective of this study, this paper is organized in this sequence. What follows this introduction is the conceptual framework, section three discusses the different types of entrepreneurship practice in Nigeria and sector four discusses the problems and prospects of these practices and how they can help in reducing poverty. Section five discusses conclusion and recommendations.
          In line with the context therefore, who is an entrepreneur and what is entrepreneurship education?
Entrepreneurial education will however lead to increased employment, reduce poverty level, bring about entrepreneurs working together for common good, therefore establishing a stronger economy than the present Nigerian economy. Entrepreneurs can take advantage of the nation’s state to grow their businesses, create jobs and employment for requireed skill sets  they will find within their societies and grow.
Poverty entails more than just the lack of income and productive resources to ensure sustainable livelihoods. Its manifestations include hunger and malnutrition, limited access to education and other basic services, social discrimination and exclusion as well as the lack of  participation in decision-making. Various social groups bear disproportionate burden of poverty.
A social perspective on poverty should contribute to the debate on the effectiveness and  limitations of current poverty reduction strategies, one of which is education. Education is critical to the development of personal economy from poverty level to at least the level of self-sustenance, however, the current curriculum of the Nigerian educational system, prepares the average graduate to be prepared to become employed by the available firms or business owners in the society, which in turn grows the number of unemployed in the society. This emphasizes more on the quality of education administered, than the number of students that pass through school, according to the goals of the United Nations for developing countries.
Statement of the Problem
The problem of poverty among rural people in Nigeria cannot be overemphasized in the socio-economic development of Nigeria. It is often stated that a person living in poverty nowadays will likely lives in poverty in the future. The main argument is that a poor person becomes ‘trapped and there is little chance of breaking through the economics conditions that put him or her there in the first place.
In addition, many people believe that a person does have the inspiration to retain a low economic status by low income support programmes of the government. In view of the above, it is very important to investigate how enterprenural education can reduce poverty among youth
Purpose of the Study
The main purpose of this study is to investigate entrepreneurial education
Other specific objective are 

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