IMPACT OF ENTREPRENEURSHIP DEVELOPMENT IN REDUCING UNEMPLOYMENT IN OSUN STATE (A STUDY OF SOME SELECTED SMES IN EDE NORTH LOCAL GOVERNMENT AREA OF OSUN STATE)
Abstract
The study investigated impact of entrepreneurship development in reducing unemployment in Osun state, Nigeria. The study aimed at finding out the impact of entrepreneurship development in reducing unemployment; impact of entrepreneurship finance, entrepreneurship education, entrepreneurship mindset, and replicative entrepreneurship on reducing unemployment in Osun state. To achieve these goals, a questionnaire was designed based on the set objectives. The total population of the study was 150 whereas the sample size was 109 calculated using Taro Yamane, and 100 out of the 109 questionnaires distributed was returned, thus the analysis. Data collected was analyzed using Statistical Package for Social Sciences (SPSS). Descriptive statistics and tables, frequency distribution was used. Linear regression was used to test the impact of independent variables on dependent variable with the aid of SPSS version 26.0. The findings of this study revealed that entrepreneurship finance, entrepreneurship education, entrepreneurship mindset, and replicative entrepreneurship can influence unemployment reduction as there was a significant relationship between entrepreneurship development and unemployment reduction. The study concluded that entrepreneurship and entrepreneurship programme is one of the crucial factors capable of creating sustainable employment in the present economy and income generation. The study therefore recommended that Pragmatic entrepreneurship should be promoted in the Osun state and the country at large because it is understandable that it is breeding bodies of entrepreneurs who can go into economic diversification that lead to sustainable economic development.
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