Tackling Youth Unemployment through Entrepreneurship

Sunday L Owualah

31 citations0/0 files storedInternational Small Business Journal Researching Entrepreneurship

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Entrepreneurship Studies and Influences Vocational and Entrepreneurial Education Education and Labor Relations

Abstract

DR. SUNDAY I. OWUALAH IS A SENIOR lecturer in the Department of Finance, University of Lagos, Nigeria. This paper presents evidence that promoting entrepreneurship consciously among youths can be an effective way of tackling unemployment within this group. This conclusion is drawn from the analysis of survey data collected from a stratified sample of loan beneficiaries of the Smallscale Industries and Graduate Employment Programme in Nigeria. This programme is one of four programmes of the National Directorate of Employment (NDE) set up in Nigeria in 1987 to encourage and assist unemployed youths to establish and operate their own smallscale firms. The analysis shows that an average of four newjobs were created by each of the respondent firms in the first four years of the programme. It further reveals that the firms achieved an appreciable growth in their assets, while previous training, experience and personal inclinations of their owners largely influenced the choice of types of small-scale firms that were established.

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References

1990Small business formation by unemployed and employed workers 1996Growing firms and the credit constraint 1986Against All Odds: The Entrepreneurship of Women 1997The Relationship Between U.K. Banks and Their Small Business Customers 1997Small firms, borrowing constraints, and reputation 1997Reluctant Entrepreneurs and their Clients The Case of Selfemployed Freelance Workers in the British Book Publishing Industry 1983Small business management in Nigeria

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