Empirical Review of Entrepreneurial Youth Empowerment Initiatives in South-Western Nigeria
Journal Title: International Journal of Multidisciplinary Research and Analysis - Year 2022, Vol 5, Issue 12
Abstract
Youth empowerment prepares candidates for new venture initiation by transferring knowledge and developing relevant skills that improve the self-efficacy and effectiveness of the potential entrepreneur. Entrepreneurial opportunity recognition is a relevant vehicle for economic development contributing to youth employment worldwide. Over a 50-year period, the Federal, State Government and Private Institutions have established many initiatives with the aim of promoting entrepreneurship. Examples of these Federal youth empowerment initiatives are N-power, Youth Enterprise with Innovation in Nigeria (YouWin), Youth Empowering People (YEP), Graduate Internship Scheme (GIS), African Youth Empowerment Nigeria (AYEN), TraderMoni, Youth Initiative for Sustainable Agriculture in Nigeria (YISAN) and Presidential Youth Entrepreneurship Support (P-YES). The entrepreneurial components of the youth empowerment programmes of the state government are merely underplayed. Youth empowerment coordinators have not been able to engage empowerment beneficiaries to create and connect entrepreneurial components into an interactive and sustainable business start-up. The study adopts empirical study explored the entrepreneurial youth empowerment initiatives of youths to become self-employed after their initiatives from various empowerment schemes. Qualitative research is concerned with gaining an in-depth understanding of human issues. Findings show that business opportunity recognition influences business sustainability of small-scale businesses. This implies that impact of identifying business opportunities, entrepreneurial knowledge, spotting a particular business industry, transforming business ideas into reality and empowerment initiatives structures influence business sustainability of youth empowerment candidates. The study concludes that entrepreneurial empowerment initiatives have to prepare candidates for new venture opportunities by transferring knowledge and developing relevant skills. The study recommended that state government and private organizations (empowerment organizers) need to create an environment where youth empowerment beneficiaries can identify business opportunities. This will improve the performance by improving business sustainability.
Authors and Affiliations
Oladoke Sunday OLADEJI,Tolulope Olubukola OYEDIJI,Abimbola Oluwasogo ADENIKA,Funmi Zainab AYINLA (PhD) Esther Yemi OTAYOKHE,Wale Thomas AJIBOYE
Keywords
Related Articles
- EP ID EP712867
- DOI 10.47191/ijmra/v5-i12-04
- Views 45
- Downloads 0
Case Study of Repeat Offender with Jinn Possession
A case study on a male British Muslim repeat offender was presented. He had been involved in violent crimes since he was a teenager and had served several prison sentences. He had no recollection of committing the crimes...
Nonverbal Communication (NVC) Modes As Survival Antics For Informal Traders: A Case Study Of ‘Chitima’ (Train) Market Centre Of Masvingo Town.
This research investigates how the informal traders at the Dr Grace Mugabe Market Centre [formerly the Garikayi Market Centre] in Masvingo town, Zimbabwe, popularly known as ‘Chitima’ (Train) Market Centre, utilise non...
Comparison of Flow Field and A-Star Algorithm for Pathfinding in Tower Defense Game
Tower Defense is a game genre that uses a pathfinding algorithm. Pathfinding is a way to find a path from one point to another; pathfinding itself has many variants with different scenarios. One of these algorithms is th...
The Influence of Work Ability, Motivation, and Work Productivity on the Performance of Technical Skadron Personnel 024 Based of Indonesian Air Force Atang Sendjaja Bogor
The purpose of this study was to analyze the effect of work ability, motivation and work productivity on the performance of the 024 Technical Squadron Atang Sendjaja Air Force Base, either simultaneously or partially. Th...
Chinese blind Marriage (Muhallil) as an Effort to Legalize Marriage after three Divorces in Acehnese Society
Blind Chinese marriage is never regulated in the National Marriage Act, however, marriage between a man (muhallil) and a woman who has been rejected by her husband for the purpose of justifying the woman’s able to remarr...