Entrepreneurship Opportunities For Office Technology And Management Graduate: A Panacea For Unemployment

Introduction

1.1 Background of the Study

It has been reported that Nigeria is the most populated nation in Africa with a population of over 160 million according to 2006 census and she has the fourth largest economy in the continent. Ironically, Nigerian is categorized among the poorest in the world with more than 60% of the country’s population living below poverty line, that is, they live on less than one U.S Dollar per-day according to National Planning Commission (NPC, 2004). This situation persisted inspite of the fact that the country exports huge quantities of crude oil daily (Terdoo, 2014).

The problem with Nigeria stems from the fact that a vast percentage of her population is made up of peasant farmers, petty traders, civil servants (some of whom are underemployed) and the rest unemployed. The unemployment rate in the country was put at about 3 million by 2004 (NBS, 2004); while the polytechnics, mono-technics, colleges of education and the universities continue to churn out graduates annually into the labour market that is already saturated due to their inability to start up their own businesses. This situation stem from the various challenges that confronts graduates especially OTM in achieving their career aspirations and entrepreneurship development.

Worried by the high rate of graduate unemployment which has been put at 1.8million yearly, Esene (2014) reported that the Presidency had in 2006, issued a directive to all higher educational institutions in Nigeria to include on its curriculum of studies, Entrepreneurship Development Education (EDE) as a compulsory course for all students irrespective of the students’ areas of discipline. Today, this directive is in force in all tertiary institutions in Nigeria.
The introduction of Entrepreneurship Development Education (EDE) is seen as one of the right steps taken in the right direction. It should be noted that the introduction of basic education in Nigeria (FRN,2012) has provision for entrepreneurship education and it is also embedded in the secondary education, as well as tertiary education curriculum. Osuala (2004) stated that EDE is a programme that prepares individuals and students to undertake the information of and/or operation of small business enterprises which also includes franchise operations for the purpose of performing all business functions relating to a product or service with emphasis given to the social responsibilities, legal requirements and risks for the sake of profit making in the conduct of a private enterprise. This implies that entrepreneurship programme prepares or equips learners with the skills that make them not just capable, but also willing to undertake and run a small business of any kind with the sole aim of making profit. This they can achieve because they have the acquired skills that are required for that task. Such business ventures could be in the area of product or service business.

Nwangwu (2006), notes that entrepreneurship is the willingness and the ability of an individual or a firm to identify an environmental change and exploit such an opportunity to produce goods and services for public consumption. Entrepreneurship is the totality of those attributes that enable a person to identify hidden business opportunities along with the capacity to organize needed resources with which to profitably take advantage of such opportunities in the face of calculated risk and uncertainty (Essien, 2006). The prosperity and progress of a nation depend on the quality of its people. If they are enterprising, ambitious and courageous enough to bear the risk, the society will develop quickly. Such people are identified as entrepreneurs and their character reflects entrepreneurship.
Osemeke (2012) states that entrepreneurship development refers to the process of enhancing entrepreneurial skills and knowledge through structured training and institution-building programmes. Entrepreneurship development aims to enlarge the base of entrepreneurs in order to hasten the pace at which new ventures are created. This accelerates employment generations and economic development. Entrepreneurial development focuses on the individual who wishes to start or expand a business. Moreover, entrepreneurship development in Nigeria concentrates more on growth potential and innovation. Essentially this means the acquisition of skills that will enable an entrepreneur to function appropriately and adequately in terms of turning the perceived challenges into opportunities.

A nation’s ability to generate a steady stream of business opportunities can only come about when its people take to entrepreneurial activities. Good Entrepreneurs can create a strong economy. They are an important facet of industrial growth and development of a nation. According to Harper (2003) entrepreneurship is the main mechanism that creates wealth, explanations of economic growth and development often ignore (or fail to acknowledge explicitly) the entrepreneurial forces of change and adaptation that underlie economic performance. Entrepreneurship development in the office management career has not been very successful due to the numerous challenges facing the entrepreneurship development of Office Technology and Management(OTM) graduates in Nigeria.

1.2 Statement of the Problem

Nigeria is naturally endowed with entrepreneurship opportunities; however, the realization of the full potential of these opportunities has been dampened by some challenges (Ebiringa, 2012). It has however been worrisome that despite the accessibility of technology and government contributions towards entrepreneurship development, entrepreneurship in Nigeria has not performed creditably well and hence the expected vital and vibrant role OTM graduate entrepreneur should play in the economic growth and development of Nigeria has been constrained by the challenges, such as difficulties in accessing fund to start up their own business, lack of knowledge of the business venture they enter into, poor infrastructural to promote their business, unfair competition, multiple taxes, unfavorable monetary policies, inadequate market research, unfavorable fiscal policies, poor government policy implementation, which has constrained the entrepreneurship ability of the OTM students and graduate. On completion of their studies, OTM graduates are equipped with the necessary entrepreneurial knowledge and skills to become entrepreneurs and further their career aspirations. However, OTM graduates in Nigeria are faced with mountain of challenges that hamper their entrepreneurship and career development. This study is therefore undertaking to examine entrepreneurship opportunities for office technology and management graduate: a panacea for unemployment.

1.3 Purpose of the Study

The main purpose of this study is to assess entrepreneurship opportunities for office technology and management graduate: a panacea for unemployment. The study has the following specific objectives.

To determine whether entrepreneurship education enhances acquisition of the necessary skills for gainful self-employment in Nigeria

To ascertain the entrepreneurship opportunities in the OTM programme.

To investigate the extent to which Entrepreneurship Education (EDE) has exposed OTM graduates to entrepreneurship opportunities

To ascertain factors limiting OTM graduate from utilizing entrepreneurship opportunities

 

1.4 Research Questions

The following research questions are raised in line with the objectives of the study.

Does entrepreneurship education enhance acquisition of the necessary skills for gainful self-employment in Nigeria?

What are the entrepreneurship opportunities in the OTM programme?

What is the extent to which Entrepreneurship Education (EDE) has exposed OTM graduates to entrepreneurship opportunities?

What are factors limiting OTM graduate from utilizing entrepreneurship opportunities?

 

1.5 Research Hypotheses

The study will geared towards testing the following hypotheses

H0: There are no entrepreneurship opportunities available for OTM students.

Ha: There are entrepreneurship opportunities available for OTM students.

 

1.6 Significance of the Study

The study will provide relevant information on the importance of entrepreneurship development to stakeholders in the education sub-sector which will encourage them to put in place policies and measures that will enhance entrepreneurship development education in schools.

Secondly, it will also provide useful information to the government that will stimulate the government to put in place measures that will promote and enhance entrepreneurship development of Graduates in Nigeria. Thirdly, the study will provide relevant information that will enhance collaboration between private institutions and the government to fashion out an effective way of providing an enabling environment for the growth of entrepreneurship among graduates in Nigeria. Finally, this study will add to the body of literature pertaining to career structure and job satisfaction. Empirically, the study will add to the general body of knowledge and serve as a reference material to student and scholars who wish to conduct further studies in related field.

1.7 Scope of the Study

This study is aimed at investigating entrepreneurship opportunities for office technology and management graduate: a panacea for unemployment. Therefore, the study area covers OTM students in Kaduna Polytechnic.

1.8 Limitation of the Study

This research project, like all human endeavors, had some challenges that threatened to derail the study’s completion. One of the reasons is that the time allotted for this work was so limited that the researcher did not have enough time to complete the task thoroughly. During data collection, the researcher also had to put forth extra effort to understand the respondents’ interview schedules, several of whom fell into the incomprehensible age group. Also, there were financial and transportation constraints to deal with. Insufficient funds tend to impede the efficiency of the researcher in sourcing the relevant materials, literature, or information and in the process of data collection (internet, questionnaire, interview).

1.9 Definition of Terms

Entrepreneurship:

This is the phenomenon of creating a new business fermenting and managing it taking risk and making losses or profit.

Venture Capital:

This refers to loans for business.

Starting Capital:

This refers to funds required to set up a business.

Business Opportunity:

This refers to profitable business activity that can be under taken.

1.10 Organisations of the Study

The study is categorized into five chapters. The first chapter presents the background of the study, statement of the problem, objective of the study, research questions and hypothesis, the significance of the study, scope/limitations of the study, and definition of terms. The chapter two covers the review of literature with emphasis on conceptual framework, theoretical framework, and empirical review. Likewise, the chapter three which is the research methodology, specifically covers the research design, population of the study, sample size determination, sample size, abnd selection technique and procedure, research instrument and administration, method of data collection, method of data analysis, validity and reliability of the study, and ethical consideration. The second to last chapter being the chapter four presents the data presentation and analysis, while the last chapter(chapter five) contains the summary, conclusion and recommendation.