Entrepreneurship & Skills Acquisition Presentation

ENTREPRENEURSHIP AND SKILLS ACQUISITION

The Route to Sustainable Economic Development in Nigeria

The economic fortunes and misfortunes of states and nations of the world are largely tied to the entrepreneurial skills and knowledge of

their populace

Remember this?

The Concept of Entrepreneurship

Entrepreneurship is defined as the pursuit of opportunity, regardless of resources currently

controlled -Ashmore, 1989

The Concept of Entrepreneurship

TVET - Technical Vocational Education & Training (TVET)

Primary goals of TVET in Nigeria:• Provide trained manpower in the applied sciences,

technology and business particularly at craft, advanced craft and technical levels

• Provide the technical knowledge and vocational skills necessary for agricultural, commercial and economic development;

• Give training and impart necessary skills to individual who shall be self-reliant economically.

Current Status of TVET In Nigeria • i. Low quality training• ii. Inadequate instructor training• iii. Mismatch between training and labour

market skill demand• iv. Poor perception of TVET• v. Discrimination against graduates of

technical schools• vi. Low enrollment at all levels of technical

education• vii. Weak monitoring and evaluation• viii. Inadequate financing

Skills Acquisition & Entrepreneurship Development: The Missing Link• The missing link in Nigeria’s economic

development is the lack of synergy between entrepreneurship and skills acquisition

The Way Forward

• Recruit, mobilize and motivate vocational education trainers

• Enhance the status and attractiveness of the TVET

• Involve successful entrepreneurs in the program

• Establish strong relationships between the training institutions and industry

• Introduce sustainable financing scheme for TVET

• Register the TVET programs in the informal sector

Thank you!