Effect Of Entrepreneurial Activity On Job Creation

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The increasing unemployment rate in Nigeria is redirecting the attention of government, unemployed graduates, and individuals towards entrepreneurial activity that engender job creation. rnTherefore, the study was design to;(i) examine the effect of entrepreneurial activity of new product on job creation in FCT, (ii) evaluate the effect of entrepreneurship activity of new method of production on job creation in FCT, (iii) determine the effect of entrepreneurship activity of new market on job creation in FCT, (iv) assess the influence of entrepreneurial activity of new sources of supply on job creation in FCT and (v) evaluate the effect of entrepreneurial activity of new organization on job creation in FCT choosing for the study.rnA total of 507 was the population of the registered small and medium scale enterprises in the FCT. A sample of 219 small business owners were selected using Krejice and Morgan.(1970)Questionnaires were administered to the managers of small and medium scale enterprises in FCT and 219 copies of the questionnaire were returned making 100% response rate. The sampling method was multi-stage. The techniques employed for data analysis include; correlation, descriptive analysis, multiple regression. The findings of the study were;rni. The correlation analysis established a significant relationship between entrepreneurial activity and job creation with ( r= 0.370, p –value = 0.000)rnii. The result of the regression shows that entrepreneurial activity of new method of production influence job creation in small and medium scale enterprise in FCT with an R2 of 0.363.rniii. The regression result shows that entrepreneurial activity of new market has impact on job creation in Federal Capital Territory with r= (0.427).rniv. The regression result equally shows that entrepreneurial activity of new sources of supply has impact with r2 value of 0.181 on job creation.rnv. The regression result also shows that entrepreneurial activityofnew organizationthrough the application of small and medium enterprises in FCT has impact on job creation with r2 value of 0.235.rnThe study concludes that entrepreneurial activity has significant impact on job creation. This study therefore recommended that organization, individual, corporate body in the FCT should endeavor to engage in the practice of entrepreneurship that this will eventually contribute to job creation among the people of the Federal Capital Territory (FCT). The study also recommends that the government should support the local entrepreneur whose production activities are in the villages of the FCT. This will help them to bring in their products to the main city of FCT. the study equally recommends that the government should help the entrepreneur in the FCT to structure their enterprises organization to small, medium, or big enterprises and check their machines bureaucratic, trained some willing entrepreneur to have professional knowledge of their enterprise in the FCT choosing for the study. This will help in the creation of job opportunity through the operations of SMEs in the FCT.

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