STUDENTS' PERCEPTION ON THE BENEFITS AND HAZARDS OF ENGAGING IN ENTREPRENEURIAL ACTIVITIES IN OGUN STATE

Abstract

This study examined the students' perception on the benefits and hazards of entrepreneurial activities as perceived by the Business Education students of Olabisi Onabanjo University, Ago-Iwoye and Tai-Solarin University of Education, Ijagun. The specific objectives were to examine the benefits and hazards of entrepreneurial activities in Ogun State. The study adopted a survey research design and the census sampling was used to involved all the four hundred (400) level students of Business Education from Olabisi Onabanjo University and Tai-Solarin University of Education, Ijebu-Ode. The instrument used for data collection was the researcher designed questionnaire with Likert format ranging from strongly agreed to strongly disagreed. Descriptive Statistics of mean and standard Deviation was used for the analysis of the data collected for the study. The results of the findings revealed the benefits of entrepreneurial activities as, the ability to mobilize domestic savings for investment; it helps individuals boost their leadership skills and creates avenue for individuals to work freely from anywhere. Hazard of Entrepreneurial activities as revealed by the study among others include that: it does not ensure a fixed and stable income of a business, most entrepreneurs lack experience in some aspect of business, entrepreneurs tend to lose everything during natural disasters such as fire. It was recommended that government's policies on entrepreneurship should be favourable as it will serve as a positive outcome of entrepreneurial development, wealth and job creation within the nation. Also, for the attainment of economic development through entrepreneurial activities, a funding pattern by the government should be developed to support young and new businesses. Government should provide an enabling environment for entrepreneurs through the delivery of suitable infrastructural facilities.