Entrepreneurship Development and Youth Employment in Nigeria: Perspectives on Selected Entrepreneurship Schemes

Abstract

The study examined the relationship between entrepreneurship development and youth employment in Nigeria. It focused on two empowerment schemes: Youth Entrepreneurship Development Programme (YEDP) and Youth Initiative for Sustainable Agriculture in Nigeria (YISA). The nation’s unemployment record, especially among youth, is alarming. A National Bureau of Statistics (NBS) report in 2018 shows that, out of the 85million labour force in Nigeria, 34million are unemployed and underemployed youths, with 25million largely uneducated. The YEDP and YISA schemes were designed to train and make youths entrepreneurs that would be self-employed and also employ others. Therefore, the main objective of this paper is to show that in spite of the conscious and frantic efforts by government and non-governmental organizations through the framework of YEDP and YISA to address the unemployment challenge in the country not so much has been achieved. The study revealed that the programmes have created a number of entrepreneurs and employment for young people across the country. Nonetheless, these efforts have not significantly yielded the desired outcomes of massive job creation for the youths and ensuring national food security. To achieve desired results, using the agricultural value chain, there is need to adopt scientific knowledge based agricultural production. Hence the paper concluded that for Nigeria to address the twin challenges of massive unemployment and national food insecurity agricultural activities should be scientific and greatly modernized. The study recommended, among other things, that integrated farming approach, involving large variety of activities per hectare should be adopted and there should be substantial investment in R&D to generate new ideas and high yielding seeds for the new entrepreneur-farmers.

Keywords: Entrepreneurship, Food Security, Uneducated., Unemployment, Value Chain, Youths


Article Review Status: Published

Pages: 62-72 (Download PDF)

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