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The study surveyed 668 (Male = 356, Female = 312) University undergraduates two Nigerian Universities in Western Nigeria. Using the correlation and factorial statistical designs, the study which examined the influence of locus of control and gender on entrepreneurial abilities, found that gender has no significant influence on entrepreneurial abilities. Locus of control did not have significant correlation with entrepreneurial ability (r = .041). Participants with Internal and External locus of control show no significant difference in entrepreneurial abilities (F (1/651) = 0.004 p< .05), Gender difference does not influence entrepreneurial abilities as indicated by findings in this study (F (1/651) = 0.522, p<0.05). Though literatures appear to suggest that entrepreneurs are people with external locus of control, this was not confirmed in this study. Similar trend is true for gender. This result is an indication that hypothesized relationship between certain personality variables and entrepreneurship should be viewed with caution. Equally true is the belief that entrepreneurship is a ‘male turf’. Further local study of these variables is suggested to further confirm these findings.
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