ACADEMIC LEADERS APPLICATION OF ENTREPRENURIAL STRATEGIES FOR SUSTAINABILTY OF LIFE AFTER RETIREMENT

The paper concentrated on academic leaders’ application of entrepreneurial strategies for sustainability of life after retiring from the university: A study of the University of Abuja, Abuja, Nigeria. Two research questions were raised to guide the study and survey research design was applied in the study. The population of the study was eight (8) retired academic leaders (professors, from 2018-2021, information from the University of Abuja, Abuja, Nigeria). The sample of the study was eight (8) retired professors sampled through purposive sampling technique. The research instrument was validated by two senior lecturers in the Department of Educational Management, University of Abuja. The reliability of the instrument was carried out by giving the questionnaire to five professors who were not part of the study to respond. Test-retest method was used to obtain data for analysis. Cronbach alpha was used to measure the internal consistency of the items on the instrument. Pearson Moment and Spearman RHO Correlation coefficient statistics were used to analyse the data. Reliability index score of 0.78 was obtained. Mean statistics was used to analyze the research questions. The findings of the study proved that the retired academic leaders did not have the knowledge of how entrepreneurship can help them to sustain life after retirement. They did not apply entrepreneurial strategies on any businesses for sustenance of life after retirement. Based on the findings, the researchers recommended that; academic leaders should endeavour to seek to acquire the knowledge of entrepreneurship businesses by consulting experts in the field of entrepreneurship education for coaching. They should also endeavour to apply entrepreneurship strategies in practical business situations, this can enhance their businesses and boost their financial status.