Open Access
Oluwadare Joshua Oyebode
- Lecturer, Afe Babalola University, Ekiti State, Nigeria
Abstract
In view of creating employment opportunities and outcome-based education, the impact of nexus of research, innovation, and entrepreneurship cannot be undermined in developed and developing countries. A lot of researches and innovations have been done without adequate links for employment opportunities and a better pedestal for entrepreneurship. This calls for urgent attention and intervention of governments, stakeholders, consultants, engineers, and entrepreneurs. This paper assessed the current trends and multi-faceted problems in research and innovation for improved employment opportunities and entrepreneurship. A reconnaissance survey was conducted on selected engineering research and innovative work. The interview was done in some industries, engineering projects, construction companies, and consultancy firms. This study also looked into the challenges and prospects
of this special nexus for engineering advancement in Nigeria. Results show that the integration of research with innovation and entrepreneurship in Nigeria is not up to the standard requirements for economic growth. Major constraints to entrepreneurs include lack of information of current research, lack of funds, preferential treatment, and fear of liquidation, unhealthy competition among entrepreneurs, socio-economic impact, and government policies. It has been concluded that employment opportunities and sustainable development can be achieved through functional synergy among researchers, innovators, and entrepreneurs. Recommendations were made based on the issues discussed which include the establishment of industrial parks, healthy academia and industrial relationship, excellent government policies for entrepreneurship, national growth, and many other financial gains.
There is no doubt that this study has great potential in addressing financial problems and issues regarding employment opportunities, economic growth, and engineering advancement in Nigeria.
Keywords: Advancement, employment, entrepreneurship, innovation, multi-faceted
[This article belongs to NOLEGEIN Journal of Entrepreneurship Planning, Development and Management(njepdm)]
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| Volume | 4 |
| Issue | 1 |
| Received | May 1, 2021 |
| Accepted | May 12, 2021 |
| Published | January 24, 2023 |