BUSINESS RISK CONTROL PRACTICES AND ENTREPRENEURIAL EDUCATION AMONG SELECTED STUDENTS IN LAGOS STATE OWNED TERTIARY INSTITUTIONS

Abstract

Entrepreneurial education is core strategic development of any emerging nation whose aim is creating value addition environs for her people. Therefore, this study examines the relationship between business risk control practices and entrepreneurial education among students in selected Lagos State–owned tertiary institutions. The study adopted a structured questionnaire, with data collected from 267 respondents. The study employed a cross-sectional survey design cum double sampling comprised of purposive and convenience. The research utilised quantitative methods to gather evidence from selected final-year students in the Lagos State owned Tertiary Institutions. The data analytical techniques employed were descriptive and inferential statistics, which comprised of simple frequency percentages, Friedman Rank-Order Test, and simple regression techniques. Findings from the study confirmed the rank-order analysis of business risk control practices, entrepreneurial education, and a nexus between business risk control practices and entrepreneurial education. While the study showcased the rank-order of the individual metrics for business risk control practices and entrepreneurial education, a positive relationship was established between business risk control practices and entrepreneurial education, with R2 of 51.1 percent and p-value of 0.000. The study recommended that educational stakeholders in tertiary institutions make sure their students have the necessary understanding of risk management tools to support them in their varied enterprises. Additionally, higher education institutions should incorporate a variety of business risk control practices into their entrepreneurship curricula to encourage students' entrepreneurial attitudes, intentions, and behaviours. Higher education institutions ought to have companies that may act as incubators for their students while they pursue business development.