Entrepreneurship is a key driver of
our economy. Wealth and high majority of jobs are created by small businesses
started by entrepreneurial minded individuals many of whom go on to create
big businesses people exposed to entrepreneurship frequently express that they
have more opportunity to exercise creative freedom, higher self esteem and an
overall greater sense of control over their own lives. As a result, many
experienced business individuals; political leaders, economists, and educators
believe that fostering a robust entrepreneurial culture will maximize
individual and collective economic and social success on local, national and
global scale.
Entrepreneurship educations
enlighten the prospective entrepreneur on the challenges of obtaining capital
for business start-ups. Hence, students and potential entrepreneurs are helped
capital options for small/medium scale business start-up.
Entrepreneurship education in an
important component to produce or creative and innovative society as desired
under the Innovation Human Capital Development plan. In addition
entrepreneurship education programme is significant in helping to ensure
graduate employ-ability among the graduates of institutions of higher learning.
Entrepreneurship education is aimed
at producing graduated from institutions of higher education with thinking and
entrepreneurial attributes; increasing the number of entrepreneurs among
graduated involved in business as a catalyst for the achievement of economic
transformation of the country from a middle to a high income economy and at the
same time produce academics with values, skills, thoughts and entrepreneurship
attributes.
Furthermore, entrepreneurship
education will inculcate and expose students and potential entrepreneurs to
entrepreneurial values and skills, which include aspects of leadership,
innovation, creativity, resilience, competitiveness independence, calculated
risk and the ability to identify and create opportunities, Akpomi (2008).