Promoting youth entrepreneurship in Lagos, Nigeria - SNHU ...

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During the early years of independence in the 1960‘s and 1970‘s, young people did notpose a serious social problem. Unemployed youths were therefore not a major target forgovernment and funding agencies. But the situation had a twist during the early 80‘s.Unemployment has assumed alarming and disturbing proportions with millions of youth who arewilling to accepts jobs at prevailing rates yet unable to find placment (Onah, Ezeani & Elekwa,2001).In Nigeria currently, about 80 million of Nigeria‘s totalpopulation of 140 million are youth between the ages of 10 and24 years (Nigeria Population Reference Bureau, 2007).Adequate and reliable data is not available to know the presentstate of the youth unemployment situation. However, despiteFigure 2 Map of Nigeriadeclining fertility rates in recent years, the population of sub-Saharan Africa remains among the world‘s fastest growing andmost youthful. Youth made up as much as 36 percent of the total working-age population (aged15 years and above) in 2007, making this the most youthful population in the world (ILO, 2008).The employment difficulties faced by youth in Nigeria have tremendous negativeconsequences not just for the affected youth but for the nation as a whole. It has economic, socialand emotional effects with dire consequencies. It produces widespread unhapinness, socialdiscontent, and may lead to social disruption in extreme cases and deprives the nation a largechunk of revenue.12
2.0 REVIEW OF LITERATURE2.1 IntroductionIn recent years, the promotion of entrepreneurship as a possible source of job creation,empowerment and economic dynamism in a rapidly globalizing world has attracted increasingpolicy and scholarly attention. However, despite this attention, there has been no systematicattempt to find the balance at which both the education and microfinance could be usedcomplementarily in addressing the problem of youth unemployment. As the 2005 World YouthReport points out, ―Entrepreneurship is not for everyone and so cannot be viewed as a large-scalesolution to the youth employment crisis‖ (p.59). Nonetheless, there is growing interest in theprovision of micro-finance for youth, because it is recognized that education and training on theirown do not usually lead to sustainable self-employment. To date, however, services in this arearemain limited. Numerous problems have been encountered by stakeholders in trying to develop aproduct that can be easily adopted especially in the urban areas.Youth is often considered as a stage where childhood transits into adulthood. It is the transitionfrom being dependent to being independent. One of the most critical factors is the status ofemployment. Young people often feel that having a job or means of livelihood would give themsense of independence which could give them the ability to make choice about their lives,families as well as peers. Unfortunately, that does not happen because they cannot find a job.The tendency has been either to subsume the youth into the general adult population or toignore their efforts to forge a livelihood through enterprise activities. This has resulted in the lackof an adequate understanding of the potential benefits of youth entrepreneurship as a means ofimproving youth livelihoods.13
Page 1 and 2: Promoting Youth Entrepreneurshipin
Page 3 and 4: 3.6 CNA Results: ..................
Page 5 and 6: List of TablesTable 1: Logical fram
Page 7 and 8: ACKNOWLEDGEMENTThis dissertation co
Page 9 and 10: 1.0 PROBLEM STATEMENTThe impact of
Page 14 and 15: The main purpose of this literature
Page 16 and 17: loans due to the high interest rate
Page 18 and 19: Gambia and Nigeria in West Africa,
Page 20 and 21: Two are highlighted here as the mos
Page 22 and 23: successfully launching a new enterp
Page 24 and 25: demand economic growth including ma
Page 26 and 27: skills training to young men and wo
Page 28 and 29: Treating youth as ‗clients‘ and
Page 30 and 31: students‘ personal environment (p
Page 32 and 33: children to go into businesses. The
Page 34 and 35: the experience to know all these re
Page 36 and 37: 3.0 COMMUNITY NEEDS ASSESSMENT REPO
Page 38 and 39: forms which cover areas such as mot
Page 40 and 41: fashion, poultry, fish farming, tra
Page 42 and 43: This study targeted both the employ
Page 44 and 45: Total 20 100%Figure 12: Type of fam
Page 46 and 47: Majority of the respondents are ope
Page 48 and 49: Figure 21: Factors the influences e
Page 50 and 51: 3.8.3 Important de-motivating facto
Page 52 and 53: The response here is very diverse.
Page 54 and 55: • It is helps to determine the ne
Page 56 and 57: 4.0 Project Description4.1 Host Org
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Page 60 and 61: selection process1.0 Stakeholdersse
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4.4.2 Implementation ReportThe proj
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4.4.5 Group Formation:This activity
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Project Objective One: Improvements
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5.0 Monitoring and Evaluation5.1 In
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5.3 MonitoringThis project aimed at
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There was a reported percentage inc
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5.4 Evaluation5.4.1 Conceptual Fram
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awareness on youth entrepreneurship
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processes, knowledge practices (i.e
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are efficient. We hypothesized that
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elationship with the income level.
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6.0 Sustainability PlansThe sustain
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7.0 Lesson Learnt7.1 RelevanceThis
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8.0 RECOMMENDATIONSThe findings sug
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and are passionate to start busines
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9.0 REFERENCES:Australia Government
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United Nations. (2007, December 18)
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MFI (Stakeholder)for the youthThey
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Appendix 10.3: Detailed BudgetS/N E
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Percentageincrease inincome levelof
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dataPercentageincrease inYouth-rune
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entServicesandCounselingyouthreceiv
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Appendix 10. 7: Community Needs Ass
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4. Starting date: _________________
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13. In your opinion, what measures
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13.1 Other regulative barriers: The
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……………………………
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to seek the challenge (to compete w
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8. Workload:I am afraid of not bein
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What have been the major impediment
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Appendix 10. 8: Socio -Economic Sur
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Appendix 10. 9: Business Advisory a
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___________________________________
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Description Strengths Weaknesses Im
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Appendix 10.0: Stakeholder Analysis
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