Significance of the Study

The significance of the study was examined from both the theoretical and practical perspectives. Theoretically, the Schumpeter effect was deemed appropriate. This is a psychological theory propounded by Joseph Schumpeter in 1934 which posits that the phenomenon of unemployment is inversely related to new firm start-ups otherwise called entrepreneurship. In other words, when new businesses are established in the economy, employability is stimulated through the power of creative destruction. Put differently, high level of unemployment is often associated with a low degree of entrepreneurial activities in the economy. That is, where people are not motivated to set up business enterprises, the rate of unemployment will be very high. The relationship of Schumpeter effect to this study is that unemployment will be very high if students as future entrepreneurs do not have the required endowments of human capital and entrepreneurial talents required to start and sustain new jobs and employment which is imparted through entrepreneurship education.

Practically, the findings of the study will be of immense benefit to employers of labour, educators, educational policy planners, future researchers and government. The study is significant because the need to examine the relationship between entrepreneurship education and job creation remains vital in the effort to ensuring full realization of the objectives of entrepreneurship education.

The findings of the study revealed the skills which undergraduate students acquire after completing an entrepreneurship education course. This is of benefit to employers of labour for these are transferable skills sought by employers of labour. It gives them an insight on the type of people to employ, the skills to look out for in employees.

The findings of the study revealed the relationship between entrepreneurship education and career intention of students. This is of benefit to entrepreneurship education educators. Educators will ensure that entrepreneurship education is effectively taught hence it is the avenue for training job creators. It will assist policy planners to formulate and implement appropriate policies that are geared towards realising the objectives of entrepreneurship education. It will further help government and stakeholders in providing assistance where it is felt necessary.

The result will enable the government to know the extent to which she has encouraged entrepreneurship education in universities and thus be poised at adequately providing the necessary funding, personnel, facilities etc. It will further enable government to provide enabling environment and necessary support for those who intend to become self-employed. Government and stakeholders will utilize the information to know areas of need and give necessary assistance.

The findings of the study will be of benefit to future researchers. It will help them raise new questions, suggest variations or make comparisons to improve their own work.