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J.O Alaezi & Y.D Izam Department of Building, University of Jos.
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Entrepreneurship remains the viable option to create jobs, reduce unemployment, poverty and youth empowerment. Most young builders do not have a good knowledge of entrepreneurship and what it really entails. Pursue their dreams and contribute to overall productive capacity and national economic growth and development.
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Absence of entrepreneur skill development among builders. Relative ignorance of enormous business opportunities in Nigeria. Ignorance and apathy as regards the gains of entrepreneurship in Nigeria.
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Review of key concepts of entrepreneurship development in Nigeria. Identification of entrepreneurship opportunities for professional builders Evaluate the knowledge base and preferences of builders about entrepreneurship and business opportunities within the Nigerian economy Identify major reasons for choice of business opportunities.
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Entrepreneurship is the process of using initiative to transform business concept to new venture, diversify existing venture or enterprise to high growing venture potentials. Entrepreneurship is the ability to seek investment opportunities and establish an enterprise based on identified opportunities. An entrepreneur is a person who chooses or assumes risk, identifies business opportunity, gathers resources, initiates actions and establishes an enterprise to meet demand or market opportunity.
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Early entrepreneurship started with trade by barter even before the advent of any form of exchange of money. Nigeria has deep entrepreneurship culture as can be seen from early history of the peoples of Hausa, Ibo, Yoruba, Benin in the 13 th and 19 th Century. Dying, weaving, metal working, agricultural products, weaving, woodcarving were some of the trades our fore fathers were involved in.
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Evaluation of chosen business feasibility and viability analysis. Conduct a Feasibility study Company registration with CAC Business Plan Engagement of right business partners Financial Discipline and Accounting Standards Marketing and sales strategy Proper packaging/presentation Set realistic and achievable goals. Identify a mentor to guide all your business decisions.
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Course CodeLevel of StudyCourse TitleCredit Unit BUD 101/1012100 Level Introduction to Building I/II 2 GST 223200 Level Introduction to Entrepreneurship skills 2 BUD 231200 Level Principles of Accounting for Builders 2 BUD 302300 Level Statistics for Builders 2 BUD 371300 Level Quantities and Cost Planning for Builders 2 BUD 372300 Level Estimating and Price Analysis for Builders 2 BUD 346300Level Entrepreneurship Studies 2 BUD 452400 Level Construction Economics 2 BUD 464400 Level Business Organisations and Accounts 2 BUD 491400 Level Students Industrial Work Experience Scheme (SIWES) 15 BUD 531500 Level Professional Practice & Ethics 2 Total 35 Credit Units
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To become a registered builder, you must have graduated from a polytechnic or university. Register with the Nigerian Institute of building as an associate or graduate member. Write and pass the necessary examinations with NIOB before proceeding to CORBON for registration. From the table shown above 35 units (about 20%) of the 180 units of courses required to graduate from a university have entrepreneurship focus.
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Structured Questionnaire using 5- step scale of preference. Personal interviews Population of study (55 Builders in FCT, Abuja)
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S/N BUSINESS OPPORTUNITY KNOWLEDGE BASE INTEREST SumRankSumRank 1Scaffolding165155 2Journalism2162 3Building Maintenance261251 4Equipment/Plant Leasing109 9 5 Building Materials & Component Manufacturing 147127 6Specialist Contracting184174 7Publishing3153 8 Event Management Structures 6135 9Waste Management9109 Health & Safety Specialist6135 11Glazing8117 12Consultancy193183 13 Quality Control & Quality Assurance 7117 14Real Estate Development222 2 15Interior Decoration/Fitting156146 16 Human Capital Development(Training of Artisans & Craftmen) 7127 17 Energy Studies with respect to Buildings 3152 18Deconstruction Works1171 19 Buildability/Maintenability Analysis 138128 20 Green Building Development 7136 21 Vocational Training in Carpentry 4144 22Building Information Management 4144
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Persistence, resilience, focus, determination and hard work are keys to becoming a successful entrepreneur. Findings reveal that most builders are not knowledgeable about great business opportunities available to them and are interested in entrepreneurship because of profit, followed by competence, then passion and interest. The study recommended the setting up of right business environment by Government
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The Nigerian Institute of Building and Council of Registered Builders of Nigeria to organize regular workshops and training on entrepreneurship opportunities available in Nigeria. Mentoring by senior and experienced builders Networking and relevant skills in ICT.
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Thank you for Listening.
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