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

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eflect the reality of <strong>youth</strong> <strong>entrepreneurship</strong>. The evaluation also brought to light the factthat the program is <strong>in</strong>volved <strong>in</strong> activities for <strong>youth</strong> well below age 15.7.3 Results and ImpactsSurvey results <strong>in</strong>dicate that many <strong>youth</strong> start bus<strong>in</strong>esses after participat<strong>in</strong>g <strong>in</strong> the projectactivity. Participants are highly satisfied with project activities and many <strong>in</strong>tend to usewhat they have learned. Most aspir<strong>in</strong>g entrepreneurs have positive attitudes about<strong>entrepreneurship</strong> after participation <strong>in</strong> all project activities. While many believe that theseactivities and strategies applied help to change perceptions among aspir<strong>in</strong>g and emerg<strong>in</strong>gentrepreneurs.Formation of ROSCA group appears to have helped foster partnerships between <strong>youth</strong> atthe community level, but clear successes are difficult to demonstrate at this time becauseof their engagement <strong>in</strong> <strong>in</strong>ternship program.Some clear successes are reported among exist<strong>in</strong>g entrepreneurs, although widespreadevidence of <strong>in</strong>creased bus<strong>in</strong>ess start-ups, survival and growth as a result of the project<strong>in</strong>tervention is difficult to establish this early <strong>in</strong> the <strong>in</strong>itiative. Accord<strong>in</strong>g to the surveyf<strong>in</strong>d<strong>in</strong>gs, 72 percent and 100 percent of 7 exist<strong>in</strong>g bus<strong>in</strong>esses surveyed reported growth <strong>in</strong>their bus<strong>in</strong>esses (<strong>in</strong> terms of <strong>in</strong>crease <strong>in</strong> asset and <strong>in</strong>ventories). A strong majority ofrespondents also agreed that participat<strong>in</strong>g <strong>in</strong> PEP is help<strong>in</strong>g them to improve theirf<strong>in</strong>ancial management of their bus<strong>in</strong>ess, <strong>in</strong>crease their abilities to susta<strong>in</strong> their bus<strong>in</strong>esses,improve their abilities to sell their products and services, and help them to grow theirbus<strong>in</strong>esses.87

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