Who Wants to be an Entrepreneur and Why? A Study of Highly Educated Young Nigerians

Tuesday, 26 May, 2015
Knowing why and when young persons want to be entrepreneurs is relevant for development policy in the face of high unemployment. This paper by Adelowo, Egbetokun, and James (2015) presents a descriptive assessment of entrepreneurial interest and activity among a large sample of Nigerian undergraduates. 84% of young Nigerians expressed interest in becoming self-employed but only 28% of them run small businesses alongside schooling. Some of the most important correlates of entrepreneurial interest are gender, entrepreneurial practice and entrepreneurial education. These figures suggest the need to improve and expand entrepreneurial education in tertiary institutions as well as promote a favourable economic atmosphere that can encourage students' engagement in business while studying, especially the female students.