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Business Education as a Predictor of Socio-Economic Security in Niger Delta States

Received: 8 February 2019     Accepted: 14 March 2019     Published: 12 April 2019
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Abstract

The cross-sectional research conducted explained the predictive influence of business education as key indicators of socio-economic security and national development in the oil-rich Niger Delta States. Sample of 250 graduate students in public-owned universities in five states were sampled through cluster sampling technique. The constructed survey instrument rated scale was pilot tested using Spearman Rank Order statistics to obtain 0.78 reliability coefficients. Descriptive and inferential statistics were adopted to analyze quantitative data while the hypotheses tested with regression at p<0.05 level of significance to determine influence of employable competencies, socio-economic value of business education and economic security representing the response variables in the study. The findings thus revealed financial literacy, applied knowledge, higher order thinking employable competencies for enhanced capacity of graduate students through the various learning experiences. Again, higher wages, healthy living, greater life satisfaction, assurance for advancement, social relations identified as socio-economic values guarantees their economic security. Business education employable competencies, socio-economic values were found to have partial associations with economic security variables in the Niger Delta States. It was therefore concluded that young adults which are basically source of insecurity in the region should refocus their latent abilities to productive career development in business education in order to be successful in life. The various governments should equally organize regional education summit that will address challenges of insecurity and lay the solid foundation for economic growth.

Published in American Journal of Theoretical and Applied Business (Volume 5, Issue 1)
DOI 10.11648/j.ajtab.20190501.13
Page(s) 20-27
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Education, Niger Delta, Business Education, Economic Security

References
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[3] Aquah, P. A. (2014). Enriching the business education curriculum for relevance in the global workforce, 14(7) 31-35.
[4] Nwagboso, C. I. (2012). Security challenges and economy of the Nigerian State 2007-2011. American International Journal of Contemporary Research vol. 2 (6).
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[6] Nwangwu, C & Ononogbu, A. O. (2014). National security and sustainable economic development in Nigeria since 1999: Implication for the vision 20:2020. Journal of Educational and Social Research vol 4(5).
[7] Bordoff, J. E. (2017). Promoting America’s economic security through education. Brookings, USA.
[8] International Committee of the Red Cross (2015). Economic security. ICRC 18th June.
[9] Federal Government of Nigeria (2018). Economic recovery and growth plan. Ministry of Budget and National Planning, Abuja.
[10] OECD (2006). Education at a glance: OECD indicators, OECD Multi-Lingual Summaries. Oxford Handbooks Online DOI: 10. 1093/oxfordhb/9780199263684. 003. 0024.
[11] Ikpesu, O. C. (2018). Business environment characteristics and new venture creation in Rivers State, Nigeria. In-press@International Journal of Entrepreneurship Development Studies. Abuja.
[12] Jones, J. G., & Zeitlin, J. (2009). Business and management, history, social issues.
[13] Cheung, C. K. & Tatyana, T. S. (2016). Issues in the future development of business education in Hong Kong secondary curriculum. Journal of Cogent Education vol3 (1).
[14] National Standards for Business Education (NSBE, 2018 retrieved). Business education prepares students to be college and career ready. http://www.nbea.org/newsite/curriculum/standards/index.html.
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[16] Obilor, E. I. (2017). Fundamentals of research methods and statistics in education and social sciences. Portharcourt: Sabcos Printers and Publishers.
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[18] Mpoyi, R. T. & Thomas, R. E. (2008). International business education: An empirical examination of the impact of curriculum coverage on student knowledge of global issues. International Academy of Business and Economics, vol 8(5).
[19] Farrell, L., Harmon, C., Laffan, C. & O’Carroll, C. (2006). Economic and social impact of higher education. Irish Universities Association, UCD Geary Institute.
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  • APA Style

    Ikpesu Oghenerukevwe Christian. (2019). Business Education as a Predictor of Socio-Economic Security in Niger Delta States. American Journal of Theoretical and Applied Business, 5(1), 20-27. https://doi.org/10.11648/j.ajtab.20190501.13

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    ACS Style

    Ikpesu Oghenerukevwe Christian. Business Education as a Predictor of Socio-Economic Security in Niger Delta States. Am. J. Theor. Appl. Bus. 2019, 5(1), 20-27. doi: 10.11648/j.ajtab.20190501.13

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    AMA Style

    Ikpesu Oghenerukevwe Christian. Business Education as a Predictor of Socio-Economic Security in Niger Delta States. Am J Theor Appl Bus. 2019;5(1):20-27. doi: 10.11648/j.ajtab.20190501.13

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  • @article{10.11648/j.ajtab.20190501.13,
      author = {Ikpesu Oghenerukevwe Christian},
      title = {Business Education as a Predictor of Socio-Economic Security in Niger Delta States},
      journal = {American Journal of Theoretical and Applied Business},
      volume = {5},
      number = {1},
      pages = {20-27},
      doi = {10.11648/j.ajtab.20190501.13},
      url = {https://doi.org/10.11648/j.ajtab.20190501.13},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajtab.20190501.13},
      abstract = {The cross-sectional research conducted explained the predictive influence of business education as key indicators of socio-economic security and national development in the oil-rich Niger Delta States. Sample of 250 graduate students in public-owned universities in five states were sampled through cluster sampling technique. The constructed survey instrument rated scale was pilot tested using Spearman Rank Order statistics to obtain 0.78 reliability coefficients. Descriptive and inferential statistics were adopted to analyze quantitative data while the hypotheses tested with regression at p<0.05 level of significance to determine influence of employable competencies, socio-economic value of business education and economic security representing the response variables in the study. The findings thus revealed financial literacy, applied knowledge, higher order thinking employable competencies for enhanced capacity of graduate students through the various learning experiences. Again, higher wages, healthy living, greater life satisfaction, assurance for advancement, social relations identified as socio-economic values guarantees their economic security. Business education employable competencies, socio-economic values were found to have partial associations with economic security variables in the Niger Delta States. It was therefore concluded that young adults which are basically source of insecurity in the region should refocus their latent abilities to productive career development in business education in order to be successful in life. The various governments should equally organize regional education summit that will address challenges of insecurity and lay the solid foundation for economic growth.},
     year = {2019}
    }
    

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Author Information
  • Department of Business Education, Faculty of Technical and Science Education, Rivers State University, Portharcourt, Nigeria

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