Entrepreneurship Education, Managing Unemployment and Poverty Alleviation in 21st Century

Abstract

This paper examined the courses of unemployment in Nigeria with a view to proffering practical solution to it so as to reduce poverty rate. Secondary data gathered from various sources such as: CBN reports et cetera covering the period between 1970 to 2014 were used. It employed the regression analysis as the analytical method E-views version 9 and found out that a percentage increase in population growth will increase unemployment by 4.94%. Also the study found a positive relationship between government educational expenditure and unemployment rate in Nigeria and lastly, the result showed there is a positive relationship between gross capital formation and unemployment rate in Nigeria. It concluded by recommending that development of entrepreneurial skills and initiatives through entrepreneurship and training should be of paramount importance especially in the higher education sector so as to facilitate the employability and creativity of graduates who will derivatively contribute wealth of the nation not only as job seekers, but also job creators.