TYPICAL SOLUTION TO THE UNEMPLOYMENT PROBLEMS IN NIGERIA: THE CONVERGENCE UTILITY OF THE ENTREPRENEURSHIP MODELS

Chukwuemeka E. Etodike, Leonard N. Ezeh, Davis E. O. Ogbeide, Precious R. Ike

Abstract


The thrust of this paper focused on the soaring unemployment rate in Nigerian on the heels of falling gross domestic product which is a direct consequence of Nigerian mono-economy currently running as crude-oil economy. Against this circumstance, this study therefore focused on the problems of unemployment in Nigeria and the convergence utilization of entrepreneurship models to sensitize enterprising spirit among Nigerians for job and wealth creation especially creating a mindset away from the paranoid dependency on government’s white collar jobs. The study evaluated the components of Econo-psychological entrepreneurship model by Bird (1988) and Institutional ecology theory of entrepreneurial intentions by Meyer and Rowan (1977) especially where their utility converged in application to the real unemployment situation in Nigeria. It is hoped that the theoretical framework will enable stakeholders in Nigeria explore practical avenues of job creation through legislation and taking advantage of the abundant human and natural resources in Nigeria. The success of this theoretical application will reduce unemployment and poverty among Nigerians.

 

Article visualizations:

Hit counter

DOI

Keywords


economic recession entrepreneurship, enterprising skills, job creation poverty, unemployment

Full Text:

PDF

References


Adofu, I. & Ocheja, A. (2013). Alleviating poverty through the use of entrepreneurship skill acquisition in Kogi State, Nigeria. International Open Journal of Economics, 1(2): 14-23.

Ajzen, I. (1991). Theory of planned behaviour. Organizational Behaviour and Human Decision Processes, 50, 179-211.

Ajzen, I. (2002). Constructing a TPB questionnaire: conceptual and methodological considerations. Retrieved August 1, 2004, from World Wide Web:

Ajzen, I. (2002). Perceived behavioural control, self-efficacy, locus of control, and the theory of planned behaviour. Journal of Applied Social Psychology, 32, 665-683.

Baron, R. (1998), Cognitive Mechanisms in Entrepreneurship: Why And When Entrepreneurs Think Differently Than Other People, Journal of Business Venturing, 13, 275-294

Bird, B. (1988), Implementing entrepreneurial ideas: The case for intention, Academy of Management Review, 13(3), 442-453

Doreo, P. (2013). “The Nigerian Unemployment Challenge”, Africa Report Features. Enugu: Snaap.

Fajana, S. (2000). Functioning of the Nigerian Labour Market, Lagos: Labonfin and Co.

Gartner, W. (1988). “Who Is an Entrepreneur?” Is the Wrong Question, American Journal of Small Business, 18(3), 5-9

International Labour Organization (1982). “Resolutions Concerning Statistics of the Economically Active Population and Underemployment”, adopted by the 13th International Conference of Labour Statisticians.

Kareem, R.O (2015). Impact of entrepreneurship on poverty alleviation. Journal of Business Administration and Education, 7(1): 1-16.

Kizner, I. (1997). Entrepreneurial discovery and the competitive market process: An Austrian approach, Journal of Economic Literature, 35, 60-85

Lee, L., Wong, P.K., Foo, M.D., & Leung, A. (2011). Entrepreneurial intentions: The influence of organizational and individual factors, Journal of business venturing 26 (1), 124-136.

Meyer, J.W. & Rowan, B. (1977). ‘Institutionalized organizations: Formal structure as myth and ceremony’. American journal of sociology 83, 340–363.

Misango, S.B., Ongiti, O.K. (2013). Do women entrepreneurs play a role in reducing poverty? International Review of Management and Business Research, 2, 87-103.

National Bureau of Statistics (2016). Nigerian economic statistics: economic decline and gross domestic product second quarter (Q2) 2016.

National Bureau of Statistics (2016). Nigerian economic statistics: economic decline and gross domestic product second quarter (Q2) 2015.

National Bureau of Statistics (2016). Nigerian economic statistics: Turbulent oil prices and OPEC basket.

Njoku, A. & Ihugba, O. (2011). “Unemployment and Nigerian Economic Growth (1985-2009). International Association for Teaching and Learning (IATEL).” Proceedings of the 2011 International Conference on Teaching, Learning and Change.

Nwanguma, E. I. E; Araboh, O. E; James, J. (2012). “Engaging Youth Unemployment in Nigeria with Youth Development and Empowerment Programs; the Lagos State in Focus”, Interdisciplinary Journal of Contemporary Research in Business, 4(5), 181-197.

Schumpeter, J. A. (1934). The Theory of Economic Development. Cambridge: Mass Harvard University Press.

Shapero, A. (1975). The displaced, uncomfortable entrepreneur. Psychology Today, 9, 83-88.

Silvinski, S. (2012). Entrepreneurship is Key to Poverty Reduction. Goldwater Institute, November 13, 2012. From http://www.ncpa.org (Retrieved on 4th January

Umar, F.M., Mohamad, A.I., & Ratnaria, W. (2016). Politics of poverty alleviation programme in Nigeria: Challenges and prospects. Journal of Education and Social Sciences, 4, 311-317.


Refbacks

  • There are currently no refbacks.


Copyright (c) 2018 European Journal of Human Resource Management Studies

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

The research works published in this journal are free to be accessed. They can be shared (copied and redistributed in any medium or format) and\or adapted (remixed, transformed, and built upon the material for any purpose, commercially and\or not commercially) under the following terms: attribution (appropriate credit must be given indicating original authors, research work name and publication name mentioning if changes were made) and without adding additional restrictions (without restricting others from doing anything the actual license permits). Authors retain the full copyright of their published research works and cannot revoke these freedoms as long as the license terms are followed.

Copyright © 2015-2018. European Journal Of Human Resource Management Studies (ISSN 2601-1972) is a registered trademark. All rights reserved.

This journal is a serial publication uniquely identified by an International Standard Serial Number (ISSN) serial number certificate issued by Romanian National Library. All the research works are uniquely identified by a CrossRef DOI digital object identifier supplied by indexing and repository platforms. All the research works published on this journal are meeting the Open Access Publishing requirements and standards formulated by Budapest Open Access Initiative (2002), the Bethesda Statement on Open Access Publishing (2003) and  Berlin Declaration on Open Access to Knowledge in the Sciences and Humanities (2003) and can be freely accessed, shared, modified, distributed and used in educational, commercial and non-commercial purposes under a Creative Commons Attribution 4.0 International License. Copyrights of the published research works are retained by authors.


 

Hit counter