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HOW MATHEMATICS EDUCATION IS IMPROVING ENTREPRENEURSHIP IN NIGERIA


Mathematics education is one of the most important tools for entrepreneurship development in Nigeria. In Nigeria today small and medium scale enterprises are faced with lots of challenges ranging from profit loss as a result of improper management of sales, expenses and purchases to lack of adequate capital for effective running of the business.
        Mathematics education is very important in our everyday life; most business owners in Nigeria have the gift of mathematics education but they do not really understand the concept of mathematics education.
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There are few ways mathematics education can help improve the situation of entrepreneurship; some of the ways are:
v improve sales
v prevent loss
v improve capital and profit relationship

Improve Sales
Mathematics education improve sales; I know you will be wondering how mathematics education will improve sales. The simple knowledge of mathematics education will improve the all business owners from a strategic point of view; such as enhancing one’s ability to carry out a feasibility study about a business opportunity.
Prevent loss
Having a little or more knowledge on mathematics education will help improve profit and minimize revenue loss among small and medium scale business owners in Nigeria. Most business owners in Nigeria do not look at profit and loss. They are just focused on making day to day sales but neglecting the fact that it is important to control loss and enhance profit in a business.
Improve Capital And Profit Relationship
In every business environment, there is a kind of relationship between capital and profits. Let me explain in details. Every business in Nigeria whether small or big was started with capital and after sales (daily or monthly) must be able to determine the profitability level of their business and the only way they can do it to through the preparation of profit and loss account is solely dependent on mathematics knowledge and ability of any business owner.



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