Entrepreneurship Development, Entrepreneurial Mindset, and Startup Intentions among National Youth Service Corps Participants in Southwest Nigeria
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Date
2023-12
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Lead City University, Ibadan
Abstract
A thriving youth population will accelerate economic prosperity, reduce social vices through active engagement, and create innovative products that appreciate citizens standard of living in a country. While this narrative may be true for youths in developed economy evidenced by low youth unemployment; however, this cannot be said of Nigeria’s youths with very high unemployment rate. Moreover, previous administrations' efforts to address this problem have been discouraging despite the introduction of a number of policies, reforms, and frameworks. The youth unemployment as remained troubling and one with many negative attendant consequences including rising cases of cybercrime, kidnapping, prostitution, and ritual killing. Mirco analysis of this issue suggest that perhaps, something fundamental is wrong with the proper conceptualization and development of a legitimate startup intentions and the contingent factors that drives startup intentions. Hence, this study on the strength of theory of planned behaviour, social cognitive theory and the contingency theory of fit addressed on the issue by assessing the effect of entrepreneurship development and entrepreneurial mindset on startup intentions among NYSC participants in Southwest Nigeria. Cross-sectional survey research design was adopted. The population was 11,159NYSC participants in Southwest, Nigeria. A sample size of 519 NYSC participants in Southwest, Nigeria was determined through Krejcie and Morgan formula and a purposive sampling technique was used to select the NYSC participants in Southwest, Nigeria. A validated questionnaire was used to collect data. The Cronbach’s alpha
reliability coefficients for the constructsranged from 0.64 to 0.91. The response rates of 95.2% was achieved. Data were analysed using descriptive and inferential statistics. Findings revealed that entrepreneurship development and entrepreneurial mindset had positive and significant effect on startups intentions (Adj R2 =0.744, p=0.000, Q2 =0.305). Entrepreneurship development had positive and significant effect on startups intentions (Adj R 2 =0.719, p=0.000, Q2 =0.292).Business angel has a positive and significant moderating effect on the interaction between entrepreneurship development and startups (β =0.125; p< 0.025, Q2 =0.305).Entrepreneurial mindset had positive and significant effect on startups intentions (Adj R 2 =0.635, p=0.000, Q2 =0.254).Business angel significantly mediated the interaction between entrepreneurial mindset and startup intentions among NYSC participants in southwest Nigeria(β=0.190, t= 2.794, p= 0.005, Q2 =0.324; 0.265).This study concluded that entrepreneurship development, entrepreneurial mindset, and business angel are critical to the development startups intention among graduate of tertiary institutions participating in NYSC. The study recommended that more effort in required by management of tertiary education to ensure efficiency in entrepreneurship development activities, create an avenue that encourage entrepreneurial mindset while the administrator of NYSC should expose NYSC participant to business incubation opportunities especially during the three weeks orientation program. Likewise, graduate of tertiary institutions in Southwest needs to take advantage of the value relevance of business angel.
Keywords: Business Angel, Entrepreneurship Development, Entrepreneurial Mindset, Startup Intention, NYSC participants.
Word Count: 453
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Keywords
Business Angel, Entrepreneurship Development, Entrepreneurial Mindset, Startup Intention, NYSC participants.
Citation
Kate Turabia