Title: Financial Accessibility, Labour-Market Conditions and Self-Reliant Propensity as Predictors of Entrepreneurial Intention among University of Ibadan Postgraduate Students
Authors: Ikmat Olanrewaju Junaid (Ph.D), Yusuff Abiola Ajani
Volume: 10
Issue: 3
Pages: 156-161
Publication Date: 2026/03/28
Abstract:
Entrepreneurship intention is an approach that tends to reduce the rate of unemployment and maintain high standard of living in developing countries. Studies have established that many small and medium enterprises in Nigeria's economy kept folding up due to demotivation by government policy and many environmental factors. Also, past literature revealed a shortage of empirical investigation regarding financial accessibility, labour-market condition and self-reliant propensity in predicting entrepreneurship intention. This paper investigated financial accessibility, labour-market condition and self-reliant propensity as predictors of entrepreneurship intention among University of Ibadan postgraduate students. The study was anchored to Constructivism and Theory of Planned Behaviour while non experimental design of survey research type was adopted. Multi-stage sampling procedure was employed to select three faculties, four departments each and 300 postgraduate students. Two validated instruments: Financial accessibility, Labour-market Condition and Self-reliant Questionnaire (r=0.81) and Entrepreneurship Intention Questionnaire (r=0.87) were used for data collection. Data were analysed using correlation and multiple regression at 0.05 level of significance. Significant relationship exists between financial accessibility and entrepreneurship intention, r=0.20); between labour-market condition and entrepreneurship intention, r=0.19); between self-reliant propensity and entrepreneurship intention, r=0.57). The variables jointly explained 31% of the variance observed in entrepreneurship intention. However, financial accessibility (? = 0.04; t = 0.74) and labour market condition (? = 0.03; t = 0.58) did not relate significantly to entrepreneurship intention. Government should formulate a policy that will make available funds to be accessed by postgraduate students for the establishment of Businesses that will empower and make them self-reliant.