SKILL ACQUISITION AND ENTREPRENEURSHIP DEVELOPMENT IN ONITSHA NORTH LOCAL GOVERNMENT AREA OF ANAMBRA STATE

Abstract

This study examines the influence of skill acquisition on entrepreneurship development in Onitsha North Local Government Area of Anambra State, Nigeria. The study aims to identify the entrepreneurial skills essential for business success, assess the impact of skill acquisition programs, and explore the barriers hindering entrepreneurship development in the region. Using a descriptive survey design, the study sampled 378 respondents selected through simple random sampling from a population of 7004 registered entrepreneurs. Data were collected via structured questionnaires and analyzed using descriptive statistics (mean and standard deviation) and inferential statistics (ANOVA). The findings revealed that critical entrepreneurial skills such as risk-taking, adaptability, networking, market research, and leadership are vital for business success. Skill acquisition programs were found to significantly enhance entrepreneurship development by equipping individuals with practical knowledge and business acumen. The study concludes that skill acquisition is a pivotal driver of entrepreneurship development, but its effectiveness depends on addressing systemic barriers. The study Recommended that there should increase in government funding for entrepreneurial programs; enhanced awareness campaigns, and the establishment of well-equipped skill acquisition centers. By fostering a supportive environment for skill development and entrepreneurship, stakeholders can unlock economic potential, reduce unemployment, and promote sustainable growth in Onitsha North and beyond.