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

and are passionate to start businesses. Most commercial banks find it difficult dealing with youthespecially the start-ups. A special guarantee funds should be created specifically for youthentrepreneurs. Therefore, a tailor-made, holistic approach that responds to different economic,social and cultural situations as well as to particular entrepreneurial framework conditions isrequired.8.4 Learning Entrepreneurial Skills at School:Without doubt, most people venture into business or self employment when formal employmentopportunities fail to materialize. Research indicates that most of those who succeed inentrepreneurship are either trained on the kind of businesses they venture into or continuebusiness training as they progressIntroducing entrepreneurship in schools helps young people to start on time to make up their mindif entrepreneurship is a viable option for them or not. It will also help to discourage drop out as aresult of lack of support and choices. When young people are exposed and train inentrepreneurship, this helps to prepare their mindset and help to provide the needed foundation.Introducing entrepreneurship experiences will enable youth to develop the insight needed todiscover and create entrepreneurial opportunities; and the expertise to successfully start andmanage their own businesses to take advantage of these opportunities.8.5 Policies and Program:Over the last decade, policies and programmes promoting youth entrepreneurship have becomerather widespread. To some extent, this was a response to persistently high youth unemploymentin all the countries.. Effective youth entrepreneurship programs will require that local, state, and90