The Nexus Between Macroeconomic Analysis and Entrepreneurship Education for Sustainable Development in Nigeria

ABSTRACT This study examined the nexus between macroeconomic analysis and entrepreneurship education for sustainable development in Nigeria. The time frame for the study ranges between 1980 and 2022. Data for the study was sourced from World Bank Development Indicator (WDI) and Central Bank of Nigeria Statistical Bulletin. The data sourced were analysed using descriptive statistics and Ordinary Least Square method. Augumented Dickey Fuller test was used to test the stationarity of the variables of which the variables were stationary in their first difference. Also, the Johansen Co-integration test show that long run relationship exist among the variables for the study. The findings showed that entrepreneurship educational output had a positive relationship with government expenditure on education. This implies that adequate government expenditure on entrepreneurship education tends to bring sustainability on the economy. Also, the study revealed that entrepreneurship educational output is negatively related to GDP Per Capita, inflation rate and unemployment rate. This implies that increase in inflation rate and unemployment rate tends to lower growth sustainability of the entrepreneurship development the educational sector in Nigeria. It was therefore recommended that entrepreneurial educational development should be inculcated into the school’s curriculum to promote human empowerment and development through entrepreneurial education and training. Also, educational budget allocation stakeholders should focus more on increasing capital expenditure, recurrent expenditure, and human capital development to foster economic growth in the country.