Entrepreneurship Uptake A Solution to Unemployment Challenges in Developing Countries: A Study of Nigeria
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
P. and Minniti, M. (2003), “Women in Entrepreneurship”. The Entrepreneurial Advantage
of Nations: First Annual Global Entrepreneurship Symposium, United Nations Publications,
D. and R. Thurik (2004), A model of the entrepreneurial economy, International Journal of Entrepreneurship Education
A. (2013). Entrepreneurship as a Solution to Youth Unemployment in the Kingdom of
Saudi Arabia. American Journal of Scientific Research.
pp.120-134. Available at American Journal of Scientific Research.
C. (2000), “Entrepreneurial education Teaching Guide”, Kansas City. M O: Kauffman
Centre for Entrepreneurial Leadership Clearing House on Entrepreneurship Education.
K. (2013). Perceptions of Business Education
Students on the Relevance of Entrepreneurship Education at the Colleges of Education
in Edo State. Unpublished Project.
Journal of Business Administration and Education 46.
‘Policy Framework and Strategy for Entrepreneurship
Development for Nigerian Universities’. A Paper Presented at the
National Sensitization Workshop on Entrepreneurship
Development in Nigerian Universities Organized by National Universities
Commission, Abuja, 21 May.
T (2003). A Synopsis of Disciplines and Careers. Akure, Ondo State Nigeria. Orteeyz
O (2006). `Concept of Entrepreneurship. ` A Paper Presented at the Workshop on Entrepreneurship
and Innovation for 200 – Level students in University of Ibadan, Jan. 18.
MA (2000). Guidance and Counselling. Beginner’s Guide. Jos, Nigeria. Deka Enterprises