Entrepreneurship Education: An Imperative Tool for Economy Diversification in a Mono Sector Economy

Abstract

The study focuses on “entrepreneurship education: an imperative tools for economic diversification”, its purpose is to ascertain the effect of entrepreneurship education as an imperative tool for economic diversification in a mono-sector economy. The objectives of the study are: to determine if the quality of entrepreneurship education given to students is enough to make them successful entrepreneur, to find out if the environment is conducive enough to make entrepreneurship education good enough for a long lasting diversification measure and to ascertain if entrepreneurship education is actually a tool for diversification of our economy. The research questions are: is the quality of entrepreneurship education given to students enough to make them successful entrepreneur?, how conducive enough is the environment to make entrepreneurship education good enough for a long lasting economic diversification measure?  is entrepreneurship education actually a tool for diversification of our economy? A survey research design was adopted for the study; a structured questionnaire was used as the instrument for data collections. The questionnaire was administered on 60 randomly selected students in the five (5) schools in Adeyemi College of Education. The statistical tool used for analysis was mean and standard deviation, to ascertain the difference in responses. Four rating scale was used in eliciting level of response: Strongly Agreed (SA), Agreed (A), Disagreed (D) and Strongly Disagreed (SD). From the findings some recommendations were made they are: that entrepreneurship education should be sponsored by the government to make it a worthwhile project, that entrepreneurship education curriculum should not be theory oriented but practical, that financial empowerment should be incorporated into the entrepreneurship package to serve as a takeoff fund for the beneficiaries.

Keywords: Entrepreneurship education, economic diversification, mono-sector economy