IIARD International Institute of Academic Research and Development

International Journal of Education and Evaluation (IJEE )

E-ISSN 2489-0073
P-ISSN 2695-1940
VOL. 10 NO. 2 2024
DOI: 10.56201/ijee.v10.no2.2024.pg436.449

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Digital Skills and Entrepreneurship Education: Pathways to Wealth Creation in a Depressed Economy

John Amaoge WORDU, Ph.D., George Ehulonu EHULE, Ph.D

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Abstract

The economic downturn in most nations has led to high rates of poverty, unemployment, and a downward in economic activities resulting in poor finance, poor saving and poor investment. This situation underscores the importance of studying how digital skills and entrepreneurship education can serve as tools for wealth creation in a depressed economy. The study discussed pathways to wealth creation in a depressed economy by building self-reliance and job creation skills, and utilization of digital and technological skills among others. The study highlighted the challenges of wealth creation in a depressed economy such as infrastructural barriers, government limited investment in digital technology and outdated educational curriculum among others. The paper submitted that entrepreneurship education is crucial for developing skills that help individuals navigate the market and start businesses, which improves wealth distribution and community development. The paper suggested that the government should increase funding of educational institutions with dedicated budgets for digital and entrepreneurship education and develop a policy framework that enables the teaching of practical digital skills, coding, data analystics and entrepreneurial training as a core component of all levels of education. The implication, it can improve a depressed economy by providing essential digital and entrepreneurial skills, bridging the skills gap, and creating job opportunities.

keywords:

Digital skills, entrepreneurship education, wealth creation, depressed economy

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