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ENTERPRENEURSHIP AND JOB CREATION OPPORTUNITIES FOR YOUTHS IN NIGERIA: ASSESSING THE KEY ASPECTS AND EFFECTS
Abstract
The study aimed at analyzing
entrepreneurship and job creation opportunities for youths in Nigeria:
assessing the key aspects and effects. The emergence of cashless policies has
brought about significant changes in various sectors, including education. Entrepreneurship
and job creation opportunities for youths have become vital topics in Nigeria,
given the country's burgeoning population of young individuals and the pressing
need for employment opportunities. With approximately 70% of Nigeria's
population below the age of 30, it is crucial to explore and assess the key
aspects and effects of entrepreneurship as a means to address the unemployment
challenge and foster economic growth. The youth population in Nigeria faces
numerous challenges in securing stable employment due to limited job
opportunities in the formal sector. The paper reviewed the concept of entrepreneurship,
concept of job creation, effect of entrepreneurship on job creation and
opportunities for youths and how to strengthen youths’ economic growth. The study
concluded that The Nigerian government has launched a number of
entrepreneurship projects in the last year with the goal of giving young people
work and removing poverty from society. It is thought that entrepreneurship
development programs in Nigeria have influenced and contributed to the
country's social and economic growth as well as the accelerated creation of
jobs for young people. There are many ways that entrepreneurship contributes to
the creation of jobs, including the possibility of supply chain effects, the
creation of an economic multiplier effect, and many others. Small and
medium-sized businesses also offer employment opportunities to people with a
range of educational backgrounds and skill sets. One of the recommendations
made was that through the use of professional behavior and making sure that
adolescents are properly mobilized and engaged in that direction,
entrepreneurship programs should be set up with the purpose of eliminating
poverty and ensuring sustainable employment creation.
KEYWORDS:
ENTERPRENEURSHIP, JOB CREATION,
OPPORTUNITIES AND YOUTHS.
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