Entrepreneurial Tendencies and Institutional Supports Among Undergraduate Students (A Case Study of University of Ibadan, Nigeria.)
Entrepreneurial Tendencies and Institutional Supports Among Undergraduate Students (A Case Study of University of Ibadan, Nigeria.)
Entrepreneurial Tendencies and Institutional Supports Among Undergraduate Students (A Case Study of University of Ibadan, Nigeria.)
ISSN No:-2456-216
Abstract:- This study identified entrepreneurial The Federal government of Nigeria has built up extra
tendencies and institutional supports for entrepreneurial rules and regulations to instill entrepreneurship (business
activities available to undergraduate students of enterprise) culture in students of higher institutions. This
University of Ibadan. This paper also examined the level directive was given to the National Universities Commission
of utilization of the perceived institutional support (NUC) to guarantee that entrepreneurial reviews is
among the undergraduate students and studied how incorporated into the educational programs of Nigerian
institutional support will improve the entrepreneurial Universities with the point of lessening unemployment
activities among undergraduate students in the among new graduates to the minimum point. In spite of the
University. The study design was descriptive cross- acknowledgment of the fact that entrepreneurship is having
sectional, probability sampling techniques was adopted, the capacity to control unemployment among Nigerian
a pre-tested well-structured questionnaire was used in youth and the presentation of entrepreneurship education in
obtaining primary data from 391 respondents using Nigerian Universities, National Bureau of Statistics(NBS) in
multi-item scale. Data collected were analysed in 2018 reported the rate of unemployment in Nigeria has
descriptive and inferential form; using Chi-Square / increased to 23.1% of the country’s population, considering
Fisher’s at 0.05 level of significance. Conclusion and The National Youth Policy (2009) defines youth as between
recommendations were there made based on the results ages 18–35 years, this category of citizens amount to about
of the findings. 31% of the entire population according to Central
Intelligence Agency (2018). This calls for a serious concern
Keywords:- Entrepreneurial Tendencies, Institutional as the level of unemployment amongst the Nigeria youths is
Supports, Undergraduate Students, University of Ibadan, indeed on a high rate.
Nigeria.
Entrepreneurial tendency is no doubt an important part
I. INTRODUCTION of entrepreneurship, it tells the interest and inclination of an
individual or group in entrepreneurship and its activities, in
Entrepreneurial activity is seen as an important driver other word can be referred to as entrepreneurial bahaviour.
of economic growth, productivity and development which is Mangasini and Damian (2014) argued that entrepreneurial
the reason its importance and values is being emphasised by tendency of individuals including University undergraduates
academics, specialists and policymakers. Therefore, can be improved through exposure and predisposition to
entrepreneurship has emerged almost commonest word in University support by entrepreneurship education and
the world. training. Despite the practice of entrepreneurship education
In Nigeria, the state of the economy in relation to the in Nigerian Universities, many graduates still find it
high rate of unemployment which is now a norm, has made challenging to be self-employed or employed for a long time
Nigerians especially the youths; both graduates and non- after graduation. This makes University support through
graduates at large to start identifying ideas and opportunities entrepreneurship education seems not to be a workable
that will result to economic and financial gain for them. solution to unemployment and job creation. Therefore, this
Consequently, there is need for knowledge in study focused on identifying institutional supports on
entrepreneurship by the undergraduates before they graduate entrepreneurial behavior among university undergraduate
to face the challenges in Nigerian economy. Scott and students, so as to ameliorate the various ways through which
Twomey (1988) saw that undergraduate students with the institutional support can be engendered in order to create an
guide of an entrepreneurial education would benefit from intention for entrepreneurship among University
outside intervention to consider entrepreneurship as a undergraduates.
vocation. So also, Postigo, Lacobucci, and Tamborini (2006) II. REVIEW OF LITERATURE
recognized the centrality of University education and the
part it plays in entrepreneurial movement. This expressed The complexity, turbulence and rate of change of the
that it is exceptionally fundamental to draw in the youthful business environment have intensified in recent decades
and taught to business enterprise, particularly as present (Ribeiro-Soriano and Urbano, 2009). At the same time,
mechanical patterns are tending towards a learning based small business owners and entrepreneurs have received
environment. greater recognition as driver of economic growth. Several
studies have reported that long-term economic growth and
Attitude toward
entrepreneurial
activities
Demographic
characteristics
Effect on
Gender, Subjective norm Entrepreneurial
Age, tendencies
Marital status,
Level of study,
Vocational skill,
Faculty of study
Perceived
behavioral control Perceived Institutional
supports
Utilisation of perceived
institutional support
Hypotheses
H01: There is no significant difference between students’ faculty and institutional supports for entrepreneurial activities.
H02: There is no significant difference between students’ level of study and institutional supports for entrepreneurial
activities.
I have interest in taking entrepreneurial risks. 115 (29.4) 177 (45.3) 65 (16.6) 28 (7.2) 6 (1.5)
I can work in a team of entrepreneur 128 (32.7) 170 (43.5) 70 (17.9) 20 (5.1) 3 (0.8)
I can be productive in entrepreneurial 102 (26.1) 169 (43.2) 86 (22.0) 28 (7.2) 6 (1.5)
activities even with pressure.
B. Institutional Supports for Entrepreneurial Activities examined include students have easy access to resource
The mean score for institutional supports for materials on entrepreneurial development (43.0%), there is
entrepreneurial activities as reported by respondents was availability of seed capital assistance for startups among few
5.2±3.1 on 11-point scale where more than half of the students (34.8%), the institution community patronizes
respondents (55.5%) reported low institutional supports for students’ entrepreneurial outputs (56.8%), students are
entrepreneurial activities and some (44.5%) reported high allowed to participate in solving entrepreneurial related
institutional supports for entrepreneurial activities (Fig 1). problems in the institution (49.1%), the institution connects
Some of the students (43.5%) said the institution offers students with successful entrepreneurs (53.5%), the
entrepreneurship course; few (36.3%) confirmed that the institution encourages students’ entrepreneurial activities
institution has provision for vocational skills acquisition, (61.6%), the institution rewards innovative students (56.3%)
42.2% said it’s true that the institution helps students with and that the university teaches us skills on how to be
good entrepreneurial ideas to interact with investors. Other entrepreneurial (39.9%) (Table 5)
institutional supports for entrepreneurial activities which
E. Effect of Institutional Supports on Students’ the respondents (41.9%) agreed they can start
Entrepreneurial Activities entrepreneurial activities of my own, even after graduation,
Almost half of the student (45.3%) agreed that some (36.6%) agreed the institutional supports have helped
entrepreneurship course(s) prepares me to start a new their self-efficacy in entrepreneurial activities which only
business, some (42.5%) agreed that the available 2.6 strongly disagreed there is increase in entrepreneurial
institutional supports for entrepreneurship have increased products output among the students and some (38.9%)
the number of student entrepreneurs and only few (7.9%) agreed that the institutional supports have helped their
disagreed that the institution informs them of business technical ability of entrepreneurial activities (Table 7).
opportunities related to my entrepreneurial skills. Some of
Hypothesis
H01: There is no significant difference between students’ faculty and institutional supports for entrepreneurial activities.
Chi Square analysis revealed that there was significant difference between students’ faculty and institutional supports for
entrepreneurial activities with p value of 0.006 (p<0.05) which shows students in Faculty of Arts had lower institutional supports.
Therefore, we reject the null hypothesis (Table 8).
Institutional Supports
Variables Df X2 p-value
Low (%) High (%)
Faculty
Social Sciences 61 (50.8) 59 (49.2)
Economics 14 (35.9) 25 (64.1) 2 10.185 0.006
Arts 142 (61.2) 90 (38.8)
Table 8 : H01
H02: There is no significant difference between students’ level of study and institutional supports for entrepreneurial activities
Fisher Exact analysis revealed that there was no statistically significant difference between students’ level of study and
institutional supports for entrepreneurial activities with p value of 0.083 (p>0.05). Therefore, we fail to reject the null hypothesis
(Table 9).
Institutional Supports
Variables Df Fi p-value
Low (%) High (%)
Level of Study
100 53 (50.0) 53 (50.0)
200 62 (56.4) 48 (43.6)
300 33 (47.1) 37 (52.9) 4 7.858 0.083
400 67 (65.7) 35 (34.3)
500 2 (66.7) 1 (33.3)
Table 9 : H02
Source: The author