Business Education as a Recipe for Tackling Unemployment and Growing the Nigerian Economy

Abstract

Unemployment is an indicator of economic stagnation or retrogression hence it is pertinent that every economy that desires to grow must fight against the menace of unemployment. This is because unemployment leaves severe consequences on the economy in particular, and society at large. Nigeria as a developing country has continued to struggle with this menace called unemployment. Successive governments had devised and implemented measures for tackling the menace, yet it still remains with us. Several programmes have been initiated with different strategies adopted, but none has adequately and effectively dealt with the menace, and this does not portend well for a developing economy like Nigeria. It is therefore in trying to find solutions to the problem of unemployment in Nigeria that this theoretical study is carried out, with the aim of projecting Business Education as a veritable tool for tackling unemployment for the growth of the Nigerian economy. The study, having reviewed other literatures, concluded that unemployment has a negative and inverse relationship with economic growth; that entrepreneurship education is a panacea to it; and that Business Education is the vehicle that drives entrepreneurship education. Thus, it recommended amongst others that Business Education should be adopted, employed and embraced by the Nigerian populace and her government in order to tackle unemployment and grow her economy.