INFLUENCE OF SELF-EFFICACYAND NEED FOR ACHIEVEMENTS ON ENTREPRENEURIAL INTENTION OF BUSINESS EDUCATION UNDERGRADUATES IN OGUN STATE

Abstract

This study examined the influence of self-efficacy and need for achievements on entrepreneurial intention of business education undergraduates in Ogun State. To achieve the main objective, three research questions and three null hypotheses guided the study. The population of the study consisted of 965 final year business education students in the three tertiary institutions offering degree programme in business education. The sample comprised of four hundred and eighty-three (483) business education undergraduates which were selected using proportionate and simple random sampling techniques. Three validated instruments namely self-efficacy questionnaire (10 items), need for achievement questionnaire (10 items) and entrepreneurial intention questionnaire (10 items), adapted and modified by the researchers were used for data collection. Data collected were analyzed using mean and standard deviation to answer the research questions and regression analysis to test the null hypotheses at 0.05 level of significance. The study found that there were significant influence of self-efficacy and need for achievement on undergraduates’ entrepreneurial intention. Also, there was a significant composite contribution of self-efficacy and need for achievement to entrepreneurial intention of undergraduates in Ogun State. It was recommended among others that educational institutions and policymakers should enhance students' self-efficacy and entrepreneurial readiness by providing structured training, mentorship, business support services, and real-world exposure through business simulations, entrepreneurial role models, and incubation programs, thereby bridging the gap between theory and practical business creation.