The Influence of Contextual Factors on Entrepreneurial Intention of University Students in Nigeria
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The idea of owning personal businesses has been of serious contention between the young graduates and
the government globally due to high rate of unemployment in most economies of the world and it has
been argued that contextual factors in relation to educational support, structural and informal networks
have contributed enormously to the development of entrepreneurial intention. As such, this study tried to
ascertain whether there is significant relationship between perceived educational supports and
entrepreneurial intention of university students and also to determine the effect of informal networks on
entrepreneurial intention of university students. Four hundred copies of questionnaire were administered
to 2 selected universities in Lagos and Ogun state to get the primary data. The study found that
entrepreneurial educational support has significant relationship with the entrepreneurial intention of
university students. Also the study discovered that informal network have positive significant effect on
entrepreneurial intention of university students to start their desired businesses. The study recommends
that universities should establish entrepreneurial development centers that will serve as a platform where
students with entrepreneurial intentions can start expressing their intentions and that parents, friends and
relations of these students should provide necessary supports thereby helping the nation to reduce its
unemployment and crime rate.
Keywords
H Social Sciences (General), HG Finance