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

Total 20 100%Figure 12: Type of familyThe result has it that 50 % of the respindents are coming from polygamous homes with 45% frommonogamous and only 5 % from single parenthood.3.7.1 Status in the family:# Answer Response %1 Breadwinner 1 6%2 Dependant 6 33%3 Independent 9 50%4 Others 2 11%Total 18 100%Figure 13: Status in the familyFifty percent of the respondents are on their own and 33% are dependants, while 6% arebreadwinners. This has an implication because most times when people are breadwinners in theirfamilies; it affects the level of interest to start a business which takes some time and patient. Mostyouth under this condition are always under pressure to work for others so as to earn a living andsupport their family at the early stage. And this might contribute for not choosingentrepreneurship as a viable career option.3.7.2 Access to Funds to start/expand existing business:Access to Funds tostart/expand existingbusiness12Figure 14: Access to fundsAnswer Response %Below300,000300,000-500,0006 30%4 20%3 500,000+ 2 10%4 None 8 40%Total 20 100%When it comes to access funds to start a new venture or to expand existing one; 30 % respondedthat they have below $2,000. Most of these responses came from those who don‘t have any44