increasing rate of unemployment across states of most developing countries is gradually
becoming too much to handle for most of their government. It is however evidence
that if unemployment rate is allowed to continually grow, couple with mass retrenchment
or sack of staff and increasing the population, then the nation is heading towards
a shutdown. This study examines
entrepreneurship a Solution to unemployment
challenges in developing countries: a study of Nigeria. The study adopted descriptive
design in the conduction of this study among entrepreneurs spread across six states
within the southwestern geopolitical zone in Nigeria. Data were collected from primary sources through
the administration of questionnaire to 323 respondents selected using the Area Sampling
Technique; and they were analyzed using descriptive statistics. The result of the
study revealed that, Factors militating against
adoption of entrepreneurship in Nigeria include government policy, Availability and sources of fund, Inadequate knowledge of areas
to explore and Family background. Other findings revealed that; entrepreneurship
would influence unemployment challenges. Since it helps
to improve individual financial capacity, standard
of living of the people, faced out Unemployment, turn youths away from all forms
of violence and help reduce the poverty level in the country. More findings revealed
that, in other to make entrepreneurship attractive to young people, entrepreneurship studies in tertiary institutions should be
reviewed and should be practical oriented, government
at all level should organize entrepreneurship workshop and seminar in place of worship,
communities and other areas of concentration to include other youths, government
should endavour to make soft loan available for entrepreneurs to enable them improve
on their productivity, entrepreneurs should be
assisted financially (subsidizing cost) to attend international conferences to help
and all media platforms should be engage in the
campaign for adoption of entrepreneurship using every Nigeria languages.
Unemployment, Developing countries
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