Human Resource Crisis: The Quandary of Identifying Future Entrepreneurs in Nigeria

Paul Ogeneotuke Ongboche, Sancho N. Chukwu and Kemkamma Bright Aborh

ABSTRACT


Abstract

This paper aims to highlight entrepreneurship’s importance in today’s world as a paradoxical field. On the one hand, human resources have always worked on the labour market as either employees or employers, but today, the migration between the two specific categories has started to be more intense and people have just been developing the needed skills to run their own business (even if they are at the beginning of their career, in late-career or even retired) and to cope with entrepreneurial risks. The study was done using primary data collected with the use of structured questionnaires, personal interview and field survey as well as review of related literature. Extensive use of descriptive statistics was made in analyzing data collected. Percentages and mean scores were employed in determining the economic impact of entrepreneurial activities as well as challenges faced by entrepreneurs operating in Taraba and Benue State. It was established that entrepreneurship is important in combatting, unemployment, poverty and social unrest and that challenges which can easily be ameliorated by government abounds which pose a threat to the smooth running of businesses for entrepreneurs. It was recommended that government and universities should establish learning centres in order to promote entrepreneurship interventions and skills acquisition.

 Keywords: Entrepreneurship; Entrepreneurial; Intervention; Human Resources.