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

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8.0 RECOMMENDATIONSThe findings suggest that promotion of entrepreneurship program is a vital tool in tacklingyouth unemployment. While reemphasizing that entrepreneurship education is not the cure foryouth unemployment problems alone. I therefore posit several recommendations that, if pursued,might help the program productively address some of its ongoing challenges.8.1 Creating Awareness through Entrepreneurship Development Centers:The need for youth entrepreneurship activity is evident in many communities in Nigeria. There islatent entrepreneurial talent, lack of information and access to capital, systematic corruption andan absence of small to medium size enterprise models (SME). There is an abundance of youngadults who have completed secondary school or even college/trade school but are unable to obtaingainful employment. In order to move young adults forward to gainful self employmentopportunities, where they have high readiness and high intention; a great deal of activity mustoccur. They must gain entrepreneurial education, be well informed on entrepreneurialopportunities, be introduced to role models, gain access to capital, and for many, learn to changetheir cultural mindset. While this is a daunting task, it is not only conceivable; it is believable thatthe solution for holistic youth entrepreneurship support may be found in the local communities.This responsibility is for everyone to be part of. Communities should set up entrepreneurshipcenters as well as Microfinance banks, churches and mosques should create awareness as well asopen up entrepreneurship centers and MFI. This would go a long way in bridging the gap.88
8.2 Partnership in Promoting Youth Entrepreneurship:Partnership approach should be encourage and supported in promoting youth entrepreneurshipbecause this would help in leveraging resources and sharing knowledge on best practices on howto deal with youth unemployment. This is very vital in the sense that if youth problems are notaddressed today, may result in much higher social costs of tomorrow. Each social agent has hisown stake in supporting entrepreneurial activities among youth. For the private sector, the mainreason of being involved is that its support for youth entrepreneurship and other youthprogrammes would bring a more secure future, but also healthier, more skilful and entrepreneuriallabour force. For Governments, the benefits of youth entrepreneurship programmes are:broadening of revenue base, reducing youth unemployment, cutting public expenditure on welfarebenefits and law enforcement, ensuring cooperative and constructive behavior patterns amongyouth, and etc. For many other civil groups, their involvement in youth affairs brings moralsatisfaction, but also a guarantee of a better and safer future. For the international community atlarge, promoting youth entrepreneurship and youth employment means mitigating risks ofconflict, which are often rooted in social marginality and the frustration of the marginalized.8.3 Microcredit Access:Financing is the key role of the MFI, as well as where the MFI adds value to the process ofsupporting Young Entrepreneurs. Whether or not an MFI chooses to provide entrepreneurialservices for youth, or outsource them, all will finance youth in the end. Lack of credit schemetargeting youth has been a major impediment facing youth in entrepreneurship in securing funds.MFI should design a product that understands the peculiarities of youth and try as much toremove all bottle necks attached with it such as collaterals, complex documentations, reduction inrequested loan size and other stringent conditions should be waived for youth who are qualified89
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Promoting Youth Entrepreneurshipin
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3.6 CNA Results: ..................
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List of TablesTable 1: Logical fram
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ACKNOWLEDGEMENTThis dissertation co
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1.0 PROBLEM STATEMENTThe impact of
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During the early years of independe
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The main purpose of this literature
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loans due to the high interest rate
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Gambia and Nigeria in West Africa,
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Two are highlighted here as the mos
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successfully launching a new enterp
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demand economic growth including ma
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skills training to young men and wo
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Treating youth as ‗clients‘ and
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students‘ personal environment (p
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children to go into businesses. The
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the experience to know all these re
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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
Page 62 and 63: 4.4.2 Implementation ReportThe proj
Page 64 and 65: 4.4.5 Group Formation:This activity
Page 66 and 67: Project Objective One: Improvements
Page 68 and 69: 5.0 Monitoring and Evaluation5.1 In
Page 70 and 71: 5.3 MonitoringThis project aimed at
Page 72 and 73: There was a reported percentage inc
Page 74 and 75: 5.4 Evaluation5.4.1 Conceptual Fram
Page 76 and 77: awareness on youth entrepreneurship
Page 78 and 79: processes, knowledge practices (i.e
Page 80 and 81: are efficient. We hypothesized that
Page 82 and 83: elationship with the income level.
Page 84 and 85: 6.0 Sustainability PlansThe sustain
Page 86 and 87: 7.0 Lesson Learnt7.1 RelevanceThis
Page 90 and 91: and are passionate to start busines
Page 92 and 93: 9.0 REFERENCES:Australia Government
Page 94 and 95: United Nations. (2007, December 18)
Page 96 and 97: MFI (Stakeholder)for the youthThey
Page 98 and 99: Appendix 10.3: Detailed BudgetS/N E
Page 100 and 101: Percentageincrease inincome levelof
Page 102 and 103: dataPercentageincrease inYouth-rune
Page 104 and 105: entServicesandCounselingyouthreceiv
Page 106 and 107: Appendix 10. 7: Community Needs Ass
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Page 110 and 111: 13. In your opinion, what measures
Page 112 and 113: 13.1 Other regulative barriers: The
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Page 116 and 117: to seek the challenge (to compete w
Page 118 and 119: 8. Workload:I am afraid of not bein
Page 120 and 121: What have been the major impediment
Page 122 and 123: Appendix 10. 8: Socio -Economic Sur
Page 124 and 125: Appendix 10. 9: Business Advisory a
Page 126 and 127: ___________________________________
Page 128 and 129: Description Strengths Weaknesses Im
Page 130 and 131: Appendix 10.0: Stakeholder Analysis
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