Students have begun to drop out of school to set up businesses as a result of delayed academic programmes, escalating fees, prolonged stress, disorganised systems, and a lack of employment opportunities. The Nigerian educational system is discouraging compared to other parts of the world. The academic board often strikes, leaving many students in disarray.
As students can now get hands-on training and seek funding from investors, they are considering entrepreneurship. In other words, entrepreneurship, innovations, and startup ideas allow them to earn a living. It has also been noted that most employees prefer real-time skills to academic experience. This has left many students wondering if their time in the university is worthwhile.
Considering the impact of social media platforms such as Instagram, Facebook, and X, students can launch their products or offer services in exchange for revenue. Now that the culture is rapidly shifting towards entrepreneurship, students can only be encouraged to pursue quality education while also striving for financial freedom.
The sudden shift in students’ interest requires universities to incorporate more financial literacy into their course programmes. These institutions must also adopt flexible curricula that accept student-founders without forcing them to choose between education and enterprise.
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