Determinants of Entrepreneurial Intentions Among University Undergraduates Students in Oyo State Nigeria
Abstract
Entrepreneurial competencies accounts for the differences in economic and social development of any nation as it is the tonic and life-blood that drives economic activities and growth of innovation among people of all races and ages. The study investigated the determinants of Entrepreneurial Intentions among Undergraduates students in selected private and public universities in Oyo State Nigeria. The descriptive research design was adopted for the study. The study employed multistage sampling technique to arrive at a sample size of 630 participants from the two selected universities. The data was collected from primary sources. Multiple regression and Pearson Product Moment Coefficient was used to test the postulated hypotheses. Findings from this study showed that a positive and significant relationship exist between personal, managerial, and leadership factors with undergraduate entrepreneurial intentions. Additionally, academic and government factors also correlate positively with entrepreneurial intentions, moreover, the linear combination of personal, managerial and leadership, academic and government factors among undergraduates on entrepreneurial intentions was significant. Based on the findings of this study, it is recommended that lecturers teaching entrepreneurship related courses should stay abreast of the changes in curriculum and engage in training and retraining of undergraduates to enable them to be exposed to necessary information needed to influence their decision in becoming entrepreneurs. Government should also make appropriate policies that promote conducive entrepreneurial environment and entrepreneurial intentions among young people, especially undergraduate university students. In addition, academic curriculum of universities should be redesigned to be more practically oriented than theoretical in identifying and nurturing entrepreneurial potentials an attempt to promote entrepreneurial intention spirit among undergraduates in Oyo State.