Advocacy for human capital development through entrepreneurship education: Preparing undergraduates towards self-employment

https://doi.org/10.35912/joste.v6i2.2479
Published: Jan 10, 2025

Abstract:

Purpose: The objective was to assess the impact of entrepreneurship education on human capital development.

Research Methodology: This study employed a descriptive survey methodology, focusing specifically on students in their 300-level business education and business administration programs. The sample was drawn from selected Universities in Anambra and Imo states, Nigeria. To analyze data effectively, the study utilized a linear regression model, which allowed us to test the hypotheses we had formulated for this research rigorously.

Results: This study uncovered compelling evidence that entrepreneurship education plays a crucial role in enhancing human capital development. Specifically, it fosters critical skills, innovative thinking, and practical knowledge.

Limitations: This study was conducted with a specific focus on a sample of 440 undergraduate students, carefully selected from various universities located in two southeastern states of Nigeria. This deliberate choice of participants allows us to gain insights that reflect the unique educational context of the region.

Contribution: This study has significantly enhanced our understanding of the challenges faced by undergraduates regarding white-collar job opportunities in the country. It has highlighted the reality that many of these positions may be increasingly out of reach due to various economic and competitive factors.

Keywords:
1. Entrepreneurship Education
2. Training
3. Creativity
4. Skill Acquisition
5. Self Employment
Authors:
1 . Michael Ikenna Udodiugwu
Chukwuemeka Odumegwu Ojukwu University, Igbariam, Nigeria
2 . Kingsley Enyinna Eneremadu
Alvan Ikoku Federal University of Education, Owerri, Nigeria
3 . Christian Onwuegbuchem Njoku
Alvan Ikoku Federal University of Education, Owerri, Nigeria
4 . Ugochukwu Jude Obiakor
Federal Polytechnic Oko, Nigeria
5 . Uju Gloria Ilonze
Chukwuemeka Odumegwu Ojukwu University, Igbariam, Nigeria
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How to Cite
Udodiugwu, M. I., Eneremadu , K. E. ., Njoku, . C. O., Obiakor, U. J., & Ilonze, U. G. (2025). Advocacy for human capital development through entrepreneurship education: Preparing undergraduates towards self-employment. Journal of Sustainable Tourism and Entrepreneurship, 6(2), 141–159. https://doi.org/10.35912/joste.v6i2.2479
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Vol. 6 No. 2 (2025): January
Articles
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  2. Adelakun, O. J. (2011). Human capital development and economic growth in Nigeria. European Journal of Business and Management, 3(9), 29-38.
  3. Akaakohol, B. M., & Ijirshar, V. U. (2019). HUMAN CAPITAL DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA. Lafia Journal of Economics and Management Sciences, 3(1).
  4. Akinola, J. (2018). Entrepreneurship empowerment for prosperity: A hand book of Notes.
  5. Akter, S., & Rahman, S. (2020). Factors affecting entrepreneurial intention: evidence from Khulna University, Bangladesh. Journal of Sustainable Tourism and Entrepreneurship, 1, 255-267. doi:10.35912/joste.v1i3.398
  6. Aldrich, H. E., & Cliff, J. E. (2003). The pervasive effects of family on entrepreneurship: Toward a family embeddedness perspective. Journal of business venturing, 18(5), 573-596.
  7. Alvarez, S. A., & Busenitz, L. W. (2001). The entrepreneurship of resource-based theory. Journal of management, 27(6), 755-775.
  8. Anosike, P. (2019). Entrepreneurship education as human capital: Implications for youth self-employment and conflict mitigation in Sub-Saharan Africa. Industry and Higher Education, 33(1), 42-54. doi:10.1177/0950422218812631
  9. Anwar, I., & Saleem, I. (2019). Exploring entrepreneurial characteristics among university students: an evidence from India. Asia Pacific Journal of Innovation and Entrepreneurship, 13(3), 282-295.
  10. Ayalew, A. (2016). Role of saving and credit cooperative socities in improving agricultural production in oromia national regional state, the case of lumme destrict.
  11. Bachama, Y. N., Hassan, A. A., & Ibrahim, B. (2021). The impact of human capital on Nigeria’s economic growth. European Scientific Journal ESJ, 17, 15.
  12. Chaithanapat, P., Punnakitikashem, P., Oo, N. C. K. K., & Rakthin, S. (2022). Relationships among knowledge-oriented leadership, customer knowledge management, innovation quality and firm performance in SMEs. Journal of Innovation & Knowledge, 7(1), 100162.
  13. Charles-Zalakoro, J., Agih, M., & Beetseh, K. (2019). Entrepreneurial/Functional Education: A Vital Tool for Human Resource Development. International Journal of Academic Research in Education and Review, 7(2), 16-20.
  14. Chen, Y., Kumara, E. K., & Sivakumar, V. (2021). Invesitigation of finance industry on risk awareness model and digital economic growth. Annals of Operations Research, 1-22.
  15. Cheng, C., & Wang, L. (2022). How companies configure digital innovation attributes for business model innovation? A configurational view. Technovation, 112, 102398.
  16. Chigozie, M., Aga, C., & Onyia, E. (2018). Effect of Human Capital Development in Organizational Performance in Manufacturing Industries in South-East Nigeria. International Journal of Academic Research in Economics and Management Sciences, 7, 60-78. doi:10.6007/IJAREMS/v7-i3/4378
  17. Dim, E.-M., Akpunonu, U., & Muogbo, U. (2016). AN EVALUATION OF THE EFFECTS OF ENTREPRENEURSHIP EDUCATION ON HUMAN CAPITAL DEVELOPMENT IN NIGERIA.
  18. Dim, E., Ikenna, U. M., & Theresa, N. N. (2023). KNOWLEDGE MANAGEMENT AND ORGANIZATIONAL PERFORMANCE OF SELECTED OIL SERVICING COMPANIES IN DELTA STATE.
  19. Diniz, L. F. P. M., & Tomé, E. (2014). The Impact of Continuous Education on Intellectual Capital and Market Value of Companies: A Work-In-Progress Paper. Central and Eastern European Online Library.
  20. Eferakeya, I., & Ifurueze, M. (2016). Entrepreneurship Education and Human Capital Development for National Development: The Perception of University Undergraduate Students. Journal of Accounting, Business and Social Sciences, 1(1), 1-14.
  21. Eigbiremolen, G., & Anaduaka, U. (2014). Human Capital Development and Economic Growth: The Nigeria Experience. International Journal of academic research in business and social sciences, 4. doi:10.6007/IJARBSS/v4-i4/749
  22. Febriyanti, N., & Ihsani, A. F. A. (2019). Development Strategy of Human Resource Management For Millennial Generation. AFEBI Management and Business Review, 4(2), 91-102.
  23. Ginanjar, A. (2016). Entrepreneurship education and entrepreneurial intention on entrepreneurship behavior: a case study. Paper presented at the 2016 Global Conference on Business, Management and Entrepreneurship.
  24. Godwin, N., & Egboh, E. (2021). Skill Acquisition And Entrepreneurship Development Programmes And Reduction In Youth Unemployment In Nigeria. International Journal of Academic Multidisciplinary Research, 5(2), 2021.
  25. Gorman, G., Hanlon, D., & King, W. (1997). Some research perspectives on entrepreneurship education, enterprise education and education for small business management: a ten-year literature review. International Small Business Journal, 15(3), 56-77.
  26. Gruzina, Y., Firsova, I., & Strielkowski, W. (2021). Dynamics of human capital development in economic development cycles. Economies, 9(2), 67.
  27. Gunkel, D. J. (2017). Rage against the machine: rethinking education in the face of technological unemployment. Surviving the Machine Age: Intelligent Technology and the Transformation of Human Work, 147-162.
  28. He, L., Mu, L., Jean, J. A., Zhang, L., Wu, H., Zhou, T., & Bu, H. (2022). Contributions and challenges of public health social work practice during the initial 2020 COVID-19 outbreak in China. The British Journal of Social Work, 52(8), 4606-4621.
  29. IA, A. V., Cyril, I. C., & Uche, E. A. (2018). Strategies for Entrepreneurship Skills Acquisition for Wealth Creation through Technical Vocational Education and Training Programmes in a Recessed Economy. International Journal of Education and Evaluation, 4(9).
  30. Kuratko, D. F. (2003). Entrepreneurship education: Emerging trends and challenges for the 21st century. White Paper, US Association of Small Business Education, 22(2003), 124-136.
  31. Kuratko, D. F. (2005). The emergence of entrepreneurship education: Development, trends, and challenges. Entrepreneurship theory and practice, 29(5), 577-597.
  32. Lu, L.-T. (2021). Teaching Methods for Entrepreneurship Courses for Students in Taiwan. European Journal of Education and Pedagogy, 2(2), 15-17.
  33. Mitei, A. (2017). Determinants of loan default by savings and credit co-operative societies’ members in Baringo County, Kenya. Egerton University.
  34. Moses, G. N., & Egboh, E. E. (2021). Graduates' Unemployment Reduction In Nigeria: A Study Of Nysc's Skill Acquisition And Entrepreneurship Development (Saed) Programme. International Journal of Academic Management Science Research (IJAMSR), 5(2), 181-191.
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  36. Mwasalwiba, E. S. (2010). Entrepreneurship education: a review of its objectives, teaching methods, and impact indicators. Education training, 52(1), 20-47.
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  38. NBS. (2016). Unemployment and Underemployment Report in Nigeria (Quarte1 4). National Bureau of Statistics (NBS) Publication, Abuja, Nigeria. Retrieved from
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  40. Obiana, U. V., Fadipe, E., & Ojiude, P. U. (2022). Clothing and Textile Skills: A Strategy for Optimizing Human Capital Development for Sustainable Family Living Amid Socio-Economic Challenges in Yobe State. International Journal of Development and Economic Sustainability, 10(2), 27-39.
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  46. Olonade, Z., & Oluwatobi, O. (2020). Human Capital Development and Employee Training as Correlates to Employee Job Performance in Redeemer University Ede, Osun State. International Journal of Human Resource Studies, 10(2), 141150-141150.
  47. Olorundare, A. S., & Kayode, D. J. (2014). Entrepreneurship education in Nigerian universities: A tool for national transformation. Asia pacific journal of educators and education, 29(8), 155-175.
  48. Olusadum, N. J., & Anulika, N. (2020). Human capital development and sustainable growth in Nigeria: Lessons from East Asia. Global Journal of Political Science and Administration, 8(4), 1-20.
  49. Ombugus, D. A., & Umaru, R. I. (2017). Entrepreneurship skill acquisition for wealth creation of youths in Agidi Development Area, Nasarawa State. Paper presented at the A paper presented at 13th annual conference of Association for encouraging qualitative education in Nigeria held in University of Uyo, May 15th-19th.
  50. Oyebanjo, A., Obadofin, O., Enitinwa, J., Oliseyenum, S., & Ajayi, O. (2024). THE EFFECT OF ENTREPRENEURSHIP EDUCATION ON STUDENTS’ENTREPRENEURIAL PSYCHOLOGICAL ADJUSTMENT IN LAGOS STATE UNIVERSITY. EDUCATIONAL PERSPECTIVES, 12(3).
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  54. Sam-Ngwu, E. L., & Wilfred-Bonse, K. U. (2014). Entrepreneurship Education for Youth Empowerment in Nigeria: A Vital Tool for Self Reliance. APPROACHES IN INTERNATIONAL JOURNAL OF RESEARCH DEVELOPMENT, 8(1), 234-247.
  55. Scase, R. (2000). Entrepreneurship and Proprietorship in Transition: Policy Implications for the Smalland Medium-Size Enterprise Sector.
  56. Sharifi, M., Sanayei, A., & Ansari, A. (2022). Designing customer knowledge management model to create value in online business: a case study of electronic retailers. Marketing Science and Technology Journal, 1(1), 115-142.
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