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

Despite the constraints faced by the project during implementation, there was an increase in newbusinesses with 5 more direct businesses created which surpassed the baseline of 2 businessesprojected at the beginning of the project. Unemployment level decreased at 15.8 percent and thosethat own their own businesses increased from 42 percent to 68 percent. The female entrepreneursincreased to 42 percent while the make make-up the remaining 8 percent. At the time of thisreport, 8 existing businesses were expanded which resulted to two more additional jobs werecreated because one of the youth engaged two other youth as employees of the business.Cumulatively, the total numbers of new jobs created are now 7; both direct and indirect jobsmaking it a total of 15. Below is the summary of employment distribution in percentage at the endof the project.Table 3: Income status- pre/post (Number of youth with increase in income): This session covers theincome status of youth and the relationship to determine the linkage between income and education,income, asset and Inventory.Monthly Income($) PreFrequency ($)–Pre% Frequency-Post% PCT Change0-50 4 21.05 1 5.56 -0.751-101 5 26.32 4 22.22 -0.2102-151 3 15.79 1 5.56 -0.6152-201 6 31.58 527.78-0.2202-251 5 27.8 27.8352-401 1 5.56 5.56502-551 1 5.26 1 5.56 5.56Grand Total 19 100.00 18 100.00The income of a youth is not only a measure of the youth‘s well being (among other measures), italso represents the value of the marginal product of that youth, if labor markets79