The Nexus Between Ma Croeconomic Anal Ysis and Entrepreneurship Education for Sustainable Development in Nigeria
Student: Mary Oluwatomisin Adebayo (Project, 2025)
Department of Economics
Adeyemi College of Education, Ondo State. (affl To Oau, Ile-Ife)
Abstract
his study examined the nexus between macroeconomic analysis and entrepreneurship educationfor sustainable development in Nigeria. The time frame for the study ranges between 1980 and 2022. Datafor the study was sourced from World Bank Development Indicator (WDI) and Central Bank of NigeriaStatistical Bulletin. The data sourced were analysed using descriptive statistics and Ordinary Least Squaremethod. Augumented Dickey Fuller test was used to test the stationarity of the variables of which thevariables were stationary in their first difference. Also, the Johansen Co-integration test show that long runrelationship exist among the variables for the study. The findings showed that entrepreneurshipeducational output had a positive relationship with government expenditure on education. This impliesthat adequate government expenditure on entrepreneurship education tends to bring sustainability on theeconomy. Also, the study revealed that entrepreneurship educational output is negatively related to GDPPer Capita, inflation rate and unemployment rate. This implies that increase in inflation rate andunemployment rate tends to lower growth sustainability of the entrepreneurship development theeducational sector in Nigeria. It was therefore recommended that entrepreneurial educational developmentshould be inculcated into the school’s curriculum to promote human empowerment and developmentthrough entrepreneurial education and training. Also, educational budget allocation stakeholders shouldfocus more on increasing capital expenditure, recurrent expenditure, and human capital development tofoster economic growth in the country
Keywords
For the full publication, please contact the author directly at: adebayomary97@gmail.com
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Institutions
- Federal University, Lokoja, Kogi State 1
- Federal University, Otuoke, Bayelsa State 20
- Federal University, Wukari, Taraba State 5
- Fidei Polytechnic, Gboko, Benue State 1
- First Technical University, Ibadan, Oyo State 2
- Fountain University, Osogbo, Osun State 20
- Gateway Ict Polytechnic, Saapade, Ogun State 9
- Godfrey Okoye University, Urgwuomu- Nike, Enugu State 4
- Gombe State University, Tudun Wada, Gombe, Gombe State 18
- Hallmark University, Ijebu-Itele,ogun State 1