Spinning off an entrepreneurship culture among Nigerian University Students: Prospects and challenges

Abstract

The re-engineering of the Nigerian economy in the presence of available resources and business  opportunities has attracted serious attention in recent times. The colonial mentality in the first  generation of graduates in Nigeria, which was deep-rooted in the Golden Fleece and certificate frenzy,  influenced the limited spirit of entrepreneurship. Among the dead and surviving industries in Nigeria,  the captains of these industries are semi-literate entrepreneurs. This paper adopts a case study of the  Nigerian university system in re-positioning the economic development and entrepreneurial drive for  job creation, wealth creation and global competitiveness of Nigerian youths/graduates. The main thrust  of the paper is the emphasis on the marriage between theories and practical which the research and  development centres in the universities should serve as technological incubators and entrepreneurship  drive. The introduction of entrepreneurship education as a compulsory course in the Nigerian  university system is seen as a measure to address the problem of graduate unemployment and  strategically position the economy for leadership in Africa. It is recommended that the Nigerian  ecosystem must be harnessed before meaningful entrepreneurship development can take place. The  paper concludes that curriculum review, sensitization, advocacy and mobilization of support for  entrepreneurship education, programme focus and funding together with the political will and stability  of the government should be provided for entrepreneurship culture and development.     Key words: Spinning off, entrepreneurship, strategies, cultures, incubators.