Entrepreneurship, Skill Acquisition and Economic Growth

Abstract

Scientifically, the relationship between knowledge and growth in economic growth has been enhanced by technical breakthroughs and developments over the years, so that economic growth is no longer focused solely on the exploitation of raw materials, energy sources andphysical goods, but on the intangible development of values in the form of essential skills, services, innovative technologies and inventions. Considering the high level of youth unemployment and the high incidence of poverty in Nigeria, this requires a re-adjustment of the traditional methods of human capital growth. The main goal of this paper is to shed light on recent developments in our understanding of the forces that border on information formation, distribution and innovation through the growth phase of the entrepreneur. This paper explored the tertiary institutions' entrepreneurship development programme and the capacity of graduates and future graduates to build jobs. Therefore, at Issele-Uku Delta State NYSC orientation camp, forty youth corps members were surveyed to evaluate their entrepreneurial dispositions. Similarly, surveys were also performed at four Delta State Tertiary Institutions. The sample of institutions consisted of 20 students from the selected schools each. One hundred polled 20 respondents. It was found that thirty-two percent of those who admitted to have taken entrepreneurship education, showed interest in setting up personal businesses using X2 analytical technique, while twenty-two percent preferred to work in private agencies, and the remaining forty-six percent preferred to work in either of the government weapons. In the design of regulations affecting the development of knowledge for the efficient diffusion of knowledge into socially useful needs, the policy implications of this study are significant

Keywords: Entrepreneurs, Knowledge, Innovation, Growth