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This is mainly as a result of the lack of jobs that plague many Nigerians including university graduates.
This is a large percentage as compared to the results of other West African countries whose median for those willing to start a business was 44 percent.
This trend has not gone unnoticed and the former Nigerian president, Olusegun Obasanjo even mandated that entrepreneurial skills be taught to all university students irrespective of their major.All this is in line with the Nigerian Economic Policy for 1999-2003 whose purpose is to promote education through the use of technology.
The Nigerian president also has big plans for the country one of them being to see Nigeria as one of the top 20 economies of the world by the year 2020.
Nigeria has been previously known as one of the most corrupt countries in the world and this discouraged free enterprise.
Nigeria has also been largely dependent on the income from oil that other economic sectors have been grossly underdeveloped.
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