Entrepreneurship Education in Nigeria: Funding Mechanisms

Abstract

The purpose of this study was to search for the appropriate fundingmechanisms that would be adopted in Nigeria for effective and efficientplanning, implementation, and sustainability of entrepreneurship education in Nigeria as perceived by stakeholders in education. Entrepreneurship education is capital intensive, and if not properly funded, will result into another �investment in frustration� which seems to characterize Nigeria�s development programmes. This paper presents empirical evidence, derived from a survey of 1,750 education stakeholders selected through a multi-stage random sampling technique from a heterogeneous target population of government officials, private sector officials, educational engineers, teachers, students, and parents, on the funding mechanisms that could be adopted for effective, efficient and sustained delivery of entrepreneurship education in Nigeria. The findings revealed that all the categories of stakeholders in education strongly believed and agreed that entrepreneurship education could be funded by government through different forms of grants, effectively and efficiently if corruption, in every form, could be booted out.This way, Nigeria�s wealth would be better and well channeled into funding the capital-intensive entrepreneurship education to enhance economic growth and national development.