ENTREPRENEURSHIP EDUCATION FOR SELF- RELIANCE IN A DEPRESSED ECONOMY: THE CASE OF UNIVERSITY EDUCATION SYSTEM IN NIGERIA

Abstract

 This paper borders on entrepreneurship education for self-reliance in a depressed economy: the case of university education system in Nigeria. Entrepreneurship education plays a vital role for self-reliance and is important to individuals in a depressed economy because it equips individuals with the necessary skills, knowledge and confidence to own their business. It serves as an avenue for job creation, innovation and economic growth making it a beacon of hope that enables individuals to be financially independent. By means of entrepreneurship education, individuals learn valuable skills and multitask in problem solving, risk taking and adaptability which is important for a steadily developing economy. In addition, entrepreneurship education provides individuals with knowledge and resources which they will need in the long run to identify good business opportunities, access funds, bypass the challenges of starting and growing a business and in making profit. As entrepreneurship education enhances self-reliance, it will help in reducing the dependence on the government and stimulate economic growth. Hence entrepreneurship education is paramount for fostering a culture of creativity, growth and development. As such, in a depressed economy, entrepreneurship education is a necessity as it is an outlet for individuals and communities at large and it contributes to society by breaking the norm of crime, poverty, unemployment, lack of funds and other social vices. In conclusion, entrepreneurship education is an investment in people to build a resourceful, brighter and sustainable future for generations to come. Based on the issues raised in the paper, applicable suggestions have been proffered.