SELF-RELIANCE AND ENTREPRENEURIAL INTENTION OF 3MTT TRAINEES IN SELECTED SOUTHWEST REGION STATES IN NIGERIA

Abstract

As in modern economies, particularly in developing countries like Nigeria, entrepreneurship is critical in reducing unemployment, alleviating poverty, and encouraging self-reliance. This research examines the link between risk-taking ability, problem-solving skills, and the entrepreneurial intentions of the 3MTT trainees in Lagos, Oyo, and Ogun states, Nigeria. Surveys were used to collect quantitative data through structured questionnaires. The total population was 4,410, while a sample size of 367 trainees was used in these regions through the Taro Yamane formula. Data analysis and the study of the predictive power of risk-taking ability and problem-solving skills on entrepreneurial intentions were conducted using descriptive and inferential statistics. The results showed that risk-taking ability and problem-solving skills are significant factors influencing entrepreneurial intention, with the latter being more influential than the former. This result emphasises the need to cultivate these skills in entrepreneurial learning and training programmes to promote entrepreneurial activities. The study concluded that teaching risk-taking and problem-solving skills to trainees could potentially enhance their entrepreneurial intentions. Thus, implications for policymakers, educators, and trainers in the region are greatly important. Recommendations include incorporating targeted training programmes designed to develop these skills in preparation to support the entrepreneurial goals of the trainees.