Repositioning business education programme for post-oil boom economy

Abstract

The main purpose of this research was to assess the current position of business education; the need to reposition business education for post oil-boom economy; and the possibilities of repositioning business education for post oil-boom economy. A total of 132 business educators from universities and colleges of education in Edo and Delta States participated in this study. Survey design was employed as the data collection method for this research. A four point scaled questionnaire was used for the data collection. The instrument attained a Cronbach alpha value of 0.85. the data were analyzed using mean and standard deviations calculations, while three hypotheses were tested using t-test statistic. The results show that the current position of business education is inadequate in terms of resources and without the capacity to equip students with the requisite attributes that would inspire them to start and operate their own business and become self-reliant in post oil-boom economy. It further showed that adequate optimization of resources would help to reposition business education for post oil-boom economy. There was no significant difference between the mean ratings of business educators in universities and colleges of education on the current position of business education; no significant difference between the mean ratings of business educators in Edo and Delta States on the need to reposition business education for post oil-boom economy; and no significant difference between mean ratings of male and female business educators on the possibilities of repositioning business education for post oil-boom economy. It is recommended that government and other relevant stakeholders should endeavour to invest their resources (both financial and otherwise) on business education in order to help in repositioning the programme for post oil-boom economy. Key words: Inadequate resources, post oil-boom economy, repositioning business education, requisite attributes.