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

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students‘ personal environment (parents and family members), lack of tra<strong>in</strong>ed/educated teachers,lack of career <strong>in</strong>formation and bus<strong>in</strong>ess possibilities ,lack of bus<strong>in</strong>ess and education l<strong>in</strong>kages andlack of ICT <strong>in</strong>frastructure/capability.All these problems constitute a major stumbl<strong>in</strong>g block to the successful implementation ofan <strong>entrepreneurship</strong> culture among <strong>youth</strong> <strong>in</strong> <strong>Nigeria</strong>. The dearth of <strong>entrepreneurship</strong> studies <strong>in</strong> ourschool system has to be tacked holistically focus<strong>in</strong>g on <strong>in</strong>troduc<strong>in</strong>g the curriculum at alleducational levels and chang<strong>in</strong>g the teach<strong>in</strong>g methods and reviv<strong>in</strong>g the career counsel<strong>in</strong>g unitsboth <strong>in</strong> the secondary and tertiary <strong>in</strong>stitutions2.7.3 Tra<strong>in</strong><strong>in</strong>g and Bus<strong>in</strong>ess Development Services:Potential <strong>youth</strong> entrepreneurs and exist<strong>in</strong>g <strong>youth</strong> run enterprises need more than access tocredit. As the successes of the OICI Ghana programme suggest, they also need to know how todevelop a bus<strong>in</strong>ess plan, bus<strong>in</strong>ess management, management of bus<strong>in</strong>ess f<strong>in</strong>ances (budget<strong>in</strong>g),time management, stress management, improv<strong>in</strong>g sales, manag<strong>in</strong>g and reduc<strong>in</strong>g costs, debtrecovery techniques, stock control techniques, market<strong>in</strong>g and recruitment.The follow<strong>in</strong>g are the key constra<strong>in</strong>ts fac<strong>in</strong>g tra<strong>in</strong><strong>in</strong>g and bus<strong>in</strong>ess development or supportservices for the <strong>youth</strong>; Lack of bus<strong>in</strong>ess connections: (bus<strong>in</strong>ess contacts, suppliers, suitablepartners and networks), lack of knowledge of available bus<strong>in</strong>ess support services, lack of tailormadebus<strong>in</strong>ess tra<strong>in</strong><strong>in</strong>g and advice for young start-ups, lack of tra<strong>in</strong>ed counselors, developmentworkers and adequate support agencies, lack of mentor<strong>in</strong>g capacities, lack of workspace and ICT<strong>in</strong>frastructure, lack of exchange networks, forums and meet<strong>in</strong>g places, lack of other bus<strong>in</strong>essdevelopment services.Some strategies, tools and <strong>in</strong>itiatives could be used to improve bus<strong>in</strong>ess development assistanceand Support for young people and they <strong>in</strong>cludes; research target<strong>in</strong>g on the real need of young30

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