Applicability Of Entrepreneurial Skills And Attainment Of Economic Development

Abstract

The study examined how the applicability of entrepreneurial skills could be used towards the achievement of economic development. It was guided by two research questions. The descriptive survey research design was used. The population of this study comprised all postgraduate business education students in Olabisi Onabanjo University and Tai Solarin University of Education, Ogun State. A total of 200 postgraduate business education students in Olabisi Onabanjo University and Tai Solarin University of Education, Ogun State served as sample size of the study. Stratified sampling technique was used in the process of selecting the sample size with the view to ensure gender balance. Researcher developed instrument tagged: Entrepreneurial, Microsoft Excel Skills and Economic Development Questionnaire (EMESEDQ) was used for data collection with 0.88 as reliability coefficient. The findings of the study revealed that leadership, creativity, time management, networking, financial management, planning, organization, resources management, problem solving, and strategic management skills were among entrepreneurial skills needed for the achievement of economic development. It was also depicted that there was positive relationship between entrepreneurial skills and achievement of economic development. The study recommends, amongst others,that management of institutions in Nigeria should continuously attend to entrepreneurial initiatives as an enabler, as it will enhance their entrepreneurial skills of students towards delivering innovative products that can ensure economic development.