THE INFLUENTIAL FACTORS OF ENTREPRENEURSHIP THAT COMPEL INDIVIDUALS TO BECOME ENTREPRENEURS: [A CASE STUDY OF THE UNIVERSITY OF LAGOS STUDENTS]

Abstract

As more graduates from Nigeria's public and private colleges enter the workforce each year, graduate unemployment has become a serious issue for the country. The current unemployment situation may be alleviated by widening the labour market, and entrepreneurship would let these fresh graduates start their venture. The general objective of this paper was to determine what significant factors affect students' decisions to start their own businesses. Using a case study of students from the University of Lagos, the innovative propensities of college students were evaluated. To learn what characteristics of entrepreneurship inspire young people to pursue entrepreneurial professions, a descriptive study design was employed to collect data about people's opinions and ideas. We will survey UNILAG students, Nigeria utilizing a closed-ended survey instrument to demonstrate its empirical validity. The results of this research will help to pinpoint the main inspirations for student entrepreneurship. Most of the information utilised in this study was gathered from original sources. The primary data sources for this study will be determined by the participants who were chosen to complete the questionnaire. They are students from the University of Lagos distributed around the city who are looking for information that cannot be acquired directly. According to, entrepreneurship need to be taught and practised in real life, not as a separate topic. Nowadays, organisations often include entrepreneurship as a part of general management programmes. The procedure for launching a new venture constitutes a sizable amount of entrepreneurship education. Students may utilise these methods or frameworks to evaluate business opportunities, develop business strategies, and then put those plans into practise in real-world scenarios. At the university level, there is also study on the theoretical elements of entrepreneurship, with a focus on the environmental and psychological variables that may influence it.