Tag Archives: Wealth Creation

Attitude of Educated Women in Nasarawa State towards Entrepreneurship Education as Sine Qua Non For Wealth Creation and Reduction of Gender Inequality (Published)

The study investigated the attitude of educated women in Nasarawa State of Nigeria towards entrepreneurship education as an inevitable strategy for wealth creation and reduction of gender inequality. Four research questions and one null hypothesis were formulated to guide the study. The design of the research was cross-sectional exploratory survey. The estimated population of the study was 200,000 literate women in the state public establishments. A random sample of 400 female public servants was selected for the study. A 36-item structured attitude scale was developed and validated by the researchers and used for data collection, having established its reliability index of 0.84 through Split-half method. Descriptive statistics were used to answer the four formulated research questions while the corresponding null hypotheses were tested using t-test of independent samples at the 0.05 level of significance. The results of the study shows, among other findings, that a high proportion of the educated women expressed positive attitude towards gender equality in wealth creation; there was positive attitude towards acquisition of entrepreneurship skills through vocational courses, and marital status has positive influence on their attitude towards the pursuit of entrepreneurship skills. Concluding that women have positive attitude towards any viable steps for reducing gender inequality, it was recommended that government driven support should focus on encouraging women to embark on acquisition of entrepreneurial skills to facilitate wealth creation and reduce gender inequality.

Keywords: Entrepreneurship, Gender Inequality, Gender Parity, Positive attitude, Wealth Creation

Chemistry Entrepreneurship: A Panacea for Chemistry Graduates Unemployment-The Nigerian Experience (Published)

This study sought to examine chemistry entrepreneurship as a panacea for chemistry graduates unemployment in Nigeria. The recent economy recession world-wide and particularly in Nigeria has necessitated the need to make a paradigm shift from consuming economy to producing economy. For any nation to attain the status of producing economy, its citizens must have acquired entrepreneurial skills in all sectors of the economy. Entrepreneurship is the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The notion to become an entrepreneur in Nigeria is fast gaining ground in the face of little or no government jobs. The labour market is gradually becoming more attractive to graduating students as they want to be self-employed and independent.In view of all these, there is the need to entrench entrepreneurship education into our school curricula at all levels of education, most especially the higher institutions. This being as it is, there is need for inclusion of chemistry entrepreneurship in the chemistry curriculum most especially for our higher education students.Chemistry entrepreneurship being offered as a course will equip the students with the knowledge and skills to convert innovations from researches in chemistry into marketable products for commercial gain. Many of the household materials being used on daily basis are the products of innovations from chemistry researches. Such household materials as soap, candle, cream, toothpaste, slippers, shoe polish, insecticides, herbicides among others are enough, if invested in, to make a chemistry graduate a wealth creator instead of a job seeker.In view of the above, the paper recommends that the Nigerian government should prioritise, generally the academic entrepreneurship and particularly chemistry entrepreneurship in all our higher institutions, as this will go a long way in arresting the spate of chemistry graduates unemployment and also strengthen the nose-diving economy in the country.

Keywords: Chemistry entrepreneurship, Innovations, Knowledge, Skills, Wealth Creation

SERVICE DELIVERY FOR ADULT LITERACY PROGRAMME: FOCUS ON RESOURCE UTILIZATION, ENTREPRENERSHIP DEVELOPMENT AND WEALTH CREATION (Published)

The study investigated service delivery for adult literacy programme with focus on resource utilization, entrepreneurship development and wealth creation The design of the study was survey research design. . The sample consists of 400 facilitators of adult education programme in South-East geopolitical zone randomly sampled. A 31 – item questionnaire was used to collect data from the facilitators. The validity of the instrument was assessed and found to be adequate based on the assessment of three experts. Crombach Alpha was used to determine the reliability of the instrument which was .79. Four research questions which guided the study were analyzed using mean. The findings of the study show that the qualifications of these facilitators range from PhD to FSLC. Again these facilitators involve other human resources to a low extent. With regard to material resources; all those investigated are being used but none of them is being used to a very high extent. Moreover the extent of usage varies among the various categories of the facilitators. Based on the findings, some recommendations were made which include that Government should get more involved in the employment and screening of facilitators to make sure that the right calibers of personnel are involved.

 

 

Keywords: Adult literacy, Entrepreneurship Development, Resource utilization, Service delivery, Wealth Creation

Microfinance and Its Impact on Poverty Alleviation in Nigeria: A Case Study of Some Selected Microfinance Banks in Edo State (Review Completed - Accepted)

This research examines the relationship microfinance and poverty alleviation in Nigeria, to understand the effectiveness of micro credit within the context of its current practice in Edo State in particular, and the nation as a whole as a tool for wealth creation and capital accumulation among the poverty stricken populace and low income earners. The study made use of primary data obtained through field survey from the selected microfinance banks in Edo State and utilized quantitative tools to analyze these data so as to bring out any existing relationship between microfinance and poverty alleviation. The results obtained showed that microfinance has the potential of alleviating poverty by ensuring wealth creation and its attendant self-sufficiency. From our result, about 70% of the sampled population agreed that there is a positive relationship between microfinance and improved standard of living of the recipients of these micro credits; 78% attested that they obtained some sort of credit from microfinance banks to set up their small scale businesses, without which it would be impossible to do so; about 67% said they have used loan collected to expand their business while 24% said they used the loan collected to invest on new technology for their business and the remaining 9% of the respondents obtained loans to facilitate the export of their products. Focus of microfinance programmes in poor communities for it to be meaningful; a massive educational drive on the importance of microfinance in fighting widespread poverty should be launched in the country; etc were some of the recommendations made in this study

Keywords: Capital Accumulation, Low Income Earners, Micro Credit, Microfinance, Poverty Alleviation, Wealth Creation