Every society aspires to achieve a sustainable level of economic development, and this goal can be realised through the entrepreneurial activities of its citizens. More than the Public Sector is needed to drive the desired level of development. Entrepreneurship success within a society largely depends on the skills and Education its entrepreneurs acquire. Education promotes creativity and equips individuals with the relevant skills needed for better performance in their chosen careers. In this context, business education, which can be described as education for business and about business, is crucial in enabling individuals to succeed as entrepreneurs.
This form of commerce provides recipients with the necessary skills for commercial success. Moreover, entrepreneurship involves the desire and ability to identify Investment opportunities within one’s environment and establish and manage ventures based on these opportunities. Given the above points, it is clear that Trade education can contribute to developing entrepreneurship in Nigeria and globally. The trade instruction Curriculum includes essential skills such as bookkeeping/accounting, enterprise management, marketing, enterprise communication, and records management. These skills are critical for the promotion and survival of commercial ventures.
Learning boosts enterprise success in Nigeria by developing human capital.
People with high-quality schooling acquire the technical know-how, problem-solving techniques, and critical thinking skills necessary to operate profitable organisations. These learning opportunities equip people with the skills necessary to innovate, adjust to shifting market conditions, and implement winning plans that can result in long-term company success. Likewise, those with more academic training can better comprehend and take advantage of technological developments, which are increasingly essential to contemporary corporate operations. However, many organisations and institutions of learning have included entrepreneurship training in their curricula and programmes because they understand how important it is to stimulate Economic Diversification and job development.
The programs encourage entrepreneurial abilities, stimulate inventiveness, and establish self-assurance in prospective enterprise owners. Entrepreneurship training gives people the skills to launch and expand their ventures by teaching them about financial management, marketing tactics, enterprise planning, and operational efficiency. Some Nigerian organisations are leading the way in providing free entrepreneurship guidance to democratise access to important enterprise resources and information. For example, The Tony Elumelu Foundation (TEF) is well known for its extensive entrepreneurship program that offers financing, coaching, and mentoring to African entrepreneurs, including those in the country.
Rise of hub and start-up accelerators was driven by business training.
Furthermore, the program provides a 12-week training course covering many enterprise development and management aspects, enabling participants to turn their ideas into successful ventures. Similarly, through its Aspiring Entrepreneurs Programme (AEP) and Emerging Entrepreneurs Programme (EEP), the non-profit Fate Foundation offers free entrepreneurial instruction. These programmes, which include intense training sessions, networking opportunities, and guidance, support entrepreneurs at various phases of their enterprise journey and help them improve their abilities and widen their networks. By emphasising real-world, experiential learning, they make an important contribution to developing the upcoming generation of venture leaders in the country.
Entrepreneurs can develop and enhance their enterprise ideas using tools, mentorship, and collaborative spaces provided by these learning and Innovation centres. For example, technology-driven entrepreneurs can access networking opportunities, investment, and mentorship through the Co-Creation Hub (CcHub) in Lagos. These hubs help create a dynamic enterprise ecosystem that supports expanding new companies by promoting an innovative and entrepreneurial culture. On the other hand, training empowers women with the know-how to pursue enterprise endeavours, contributing to closing the gender gap in enterprise. Organisations such as She Leads Africa and the Women’s Technology Empowerment Centre (W.TEC) provide specialised training programs to enhance female entrepreneurs’ abilities.
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These courses tackle the particular difficulties that women have in the workplace and teach them the self-assurance and skills they need to be successful. Commerce is essential in promoting gender inclusion in entrepreneurship to utilise the country’s human capital fully. Besides official instructional programs, lifelong and informal learning also plays a major role in developing enterprises nationwide. For those looking to improve their trade knowledge, flexible instructional options include workshops, seminars, online courses, and Vocational Training programs. These non-formal learning opportunities facilitate ongoing skill enhancement and flexibility in response to the dynamic work environment.