- ISSN: 2155-7950
- Journal of Business and Economics
The Dynamics of Youth Entrepreneurial Inclinations in Fostering Sustainable Employment Generation in Nigeria
Nathaniel C. Ozigbo (Department of Business Administration, University of Abuja, Nigeria)
Abstract: This study examines the dynamics of youth entrepreneurship inclination in fostering employment in Nigeria. The study notes that building a society that is responsive to encouraging and favourable to youth entrepreneurship is the responsibility of every society as well as the government and that encouraging the youth to become entrepreneurs have a lot of advantages in terms of solving problems of unemployment as well as paving way for the innovation and growth of the country. The study noted that entrepreneurship is all about being a visionary self starter, one who is able to identify opportunities to offer solutions in the form of product, technology, process or service to fulfill a need and thereby gather and employ all necessary resources including manpower, finance, technology, infrastructure and others to build a successful enterprise in the chosen area of business. The youths interviewed had mixed emotions about entrepreneurship as a viable option for sustainable livelihood. Several practicing young entrepreneurs also expressed enthusiasm and confidence in the future of entrepreneurship. Data collected from the study was statistically analyzed using SPSS version 14.0. Data from the questionnaire was coded, investigated for integrity, analyzed and prevented in useful outputs. The analysis was used to draw conclusion and to make recommendations. The results of the test of hypotheses were supported, suggesting that the youths have higher inclinations towards entrepreneurship
Key words: youth entrepreneurial inclination; sustainable employment
JEL codes: M