Entrepreneurship Skills And Economic Development In Enugu State
Okwor Ferdinand Ekene
Department of Business Administration, Enugu State University of Science and Technology, Enugu State, Nigeria
Prof. Elizabeth Okechukwu
Department of Business Administration, Enugu State University of Science and Technology, Enugu State, Nigeria
Mbah Paulinus Chigozie Ph.D.
Department of Business Administration, Enugu State University of Science and Technology, Enugu State, Nigeria.
Abstract
The study examined the entrepreneurship skills on economic development in Enugu state, Nigeria. The specific objectives were to: determine the extent to which financial skills have affected employment generation in Enugu state, Nigeria and examine the effect of networking skills have on poverty reduction in Enugu state, Nigeria. The study adopted survey research design; Taro Yamani’s formula was used to determine the sample size of 338 with a valid number of 298. The study found that financial skills have strong positive effect on employment generation in Enugu state, Nigeria, revealed through the SPSS version, that correlation coefficient (R) of 0.736 and p-value (0.000) which is less than 0.05 level of significance and the result from hypotheses II, show the correlation coefficient (R) of 0.605 and the p-value (0.001) which is less than 0.05 level of significance, that networking skills have positive effect on poverty reduction in Enugu state, Nigeria. The study concluded that entrepreneurship skills have positive effect on economic development in Enugu state, Nigeria. The study recommended that Small and medium enterprises (SMEs) owners should always engage themselves in seminars as to improve their financial skills or have financial skills idea in order to promote employment generation or self-reliance in terms of starting up a business of their own and networking skills had really helped in our country today to reduce poverty from our societies. This is the reason why networking skills should be always be used in any community or group of people because it reduces the poverty rate in a society or country by people coming together, forming goals and bringing resources together used in creating businesses and employment such as cooperative society.