Youth Entreprenuership and Unemployment Reduction in Anambra State, Nigeria

Asogwa Ogochukwu Sheila; Nzewi Hope Ngozi

doi:doi:10.11648/j.sjbm.20221004.11

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Youth Entreprenuership and Unemployment Reduction in Anambra State, Nigeria

Asogwa Ogochukwu Sheila, Nzewi Hope Ngozi

Published in Science Journal of Business and Management (Volume 10, Issue 4)

Received: 23 August 2022 Accepted: 14 September 2022 Published: 11 October 2022

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Abstract

Unemployment is the major challenges facing the youths in Nigeria, some are underemployed because they lack the necessary skills required in the environment they operate while some skills have been outdated by technological advancement. Youth Entrepreneurship tends to tackle the issue of unemployment within the society and also create marketable opportunities for them. Thus, the study assessed youth entrepreneurship and unemployment reduction in Anambra State, Nigeria. It specifically determined the extent of relationship between creativity and employment generation in Anambra State. The nature of relationship between opportunity discovery and business ownership was explored. Descriptive survey design was employed in order to elicit information from respondents. Pearson product moment correlation coefficient was used to test the formulated Hypothesis at 5% level of significance. Findings revealed that there is a statistically significant positive relationship existing between creative capacity and employment generation; and between opportunity discovery and business ownership. The study recommends that the Government of Anambra state needs to revitalize and sustain youth empowerment programmes financially, so as to reduce unemployment rate in the state. Moreover, government needs to reorient the youth on new business opportunities in order to enhance their opportunity discovery and business ownership.

Published in	Science Journal of Business and Management (Volume 10, Issue 4)
DOI	10.11648/j.sjbm.20221004.11
Page(s)	161-165
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2022. Published by Science Publishing Group

Keywords

Business Ownership, Creative Capacity, Employment Generation, Opportunity Discovery, Youth Entrepreneurship, Unemployment Reduction

References

[1]	Akande, T. (2014) “Youth unemployment in Nigeria: A situation Analysis”. Africa in focus. www.brookings.edu
[2]	Chappelow, J. (2021), Guide to unemployment Investopedia Chetty, S Karami, M & Oscar, M (2018) Opportunity discovery “Opportunity discovery and creation as duality: Evidence from small firms foreign market entries’’, journal of international marketing. https://doi.org/10.1509/jim.17.0005
[3]	Chetty, S Karami, M & Martin, O (2018) Opportunity discovery and creation as a duality: Evidence from small firms foreign market entries. vol 26, issue 3. www.journals.sagepub.com.
[4]	International Labor Organization data base (2022) ILOSTAT data base.
[5]	Jacobs. C, Ezeokafor, R & Ekwere, G (2021) “Effect of Entrepreneur Education on Unemployment reduction among students Nigeria. http.bmr.sciedupress.com. Vol. 10, No. 2. 2021”.
[6]	Kavita. C & Aggarwal. A (2017) “Youth Enterprenuership: The role and implication for indian economy. Amity journal of Entreprenuership 2 (2) (1-11).
[7]	Okafor C. A (2019) “Reducing Unemployment Rate in Nigeria through Entrepreneurship Development: Study of selected small businesses in Anambra state.” www.European Journal of research and Reflection in management sciences vol. 7, vol. 2019 ISN 2056-5992.
[8]	Okeke, M. N Ngige, C. D Onowu, A & Ugwu, I (2020) “Youth entrepreneurship and unemployment in delta state Nigeria” International Journal of management and entrepreneurship (IJEM) Vol. 2.
[9]	Okoye N. C, Iloanya, K & Udenze. U (2014) “Youth unemployment and entrepreneurship Development: challenges and prospects in Nigeria’’. Kuwait chapter of Arabian journal of Business and Management review, 4 (4s), 20-35.
[10]	Omeje. A, Mba. A & Ugwu. M (2020) “Youth Empowerment and Entreprenuership in Nigeria: Implication for economic diversification” www.sagepub.com. DOI 10.1177/2158244020982996 December 2020 1-12.
[11]	Pradeep. K. M (2022) “Youth Entreprenuership a catalyst for job creation” Tunji A (2014) Youth unemployment in Nigeria: A situation Analysis (Africa in focus).
[12]	Uakarn, C, Chaokromthong, K & Sintao N (2021) “sample size estimation using Yamane and Cochran and Krejcie and morgan and Green formulas and cohen statistical power Analysis by G*power and comparisons. Apheit international journal (2021) vol 10 no 2 pg. 76”.
[13]	Valeska. H (2015) “Youth, Revolt, Recognition” on the concept of youth-some reflection on theory. MIB edited volume Berlin, 2015 Ybi/The prince’s Youth Business International (2013) www.Youth business.Org.
[14]	Zwane, Radebe, Mlambo (2021) “is youth Entrepreneurship key to addressing Unemployment? Interrogating South Africa’s Youth Unemployment Dilemima” JSOC sci, 69 (1-3): 18-25 (2021) DOI: 10.31901/24566756.2021/69.1-3.2284.

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APA Style

Asogwa Ogochukwu Sheila, Nzewi Hope Ngozi. (2022). Youth Entreprenuership and Unemployment Reduction in Anambra State, Nigeria. Science Journal of Business and Management, 10(4), 161-165. https://doi.org/10.11648/j.sjbm.20221004.11

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ACS Style

Asogwa Ogochukwu Sheila; Nzewi Hope Ngozi. Youth Entreprenuership and Unemployment Reduction in Anambra State, Nigeria. Sci. J. Bus. Manag. 2022, 10(4), 161-165. doi: 10.11648/j.sjbm.20221004.11

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AMA Style

Asogwa Ogochukwu Sheila, Nzewi Hope Ngozi. Youth Entreprenuership and Unemployment Reduction in Anambra State, Nigeria. Sci J Bus Manag. 2022;10(4):161-165. doi: 10.11648/j.sjbm.20221004.11

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@article{10.11648/j.sjbm.20221004.11,
  author = {Asogwa Ogochukwu Sheila and Nzewi Hope Ngozi},
  title = {Youth Entreprenuership and Unemployment Reduction in Anambra State, Nigeria},
  journal = {Science Journal of Business and Management},
  volume = {10},
  number = {4},
  pages = {161-165},
  doi = {10.11648/j.sjbm.20221004.11},
  url = {https://doi.org/10.11648/j.sjbm.20221004.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjbm.20221004.11},
  abstract = {Unemployment is the major challenges facing the youths in Nigeria, some are underemployed because they lack the necessary skills required in the environment they operate while some skills have been outdated by technological advancement. Youth Entrepreneurship tends to tackle the issue of unemployment within the society and also create marketable opportunities for them. Thus, the study assessed youth entrepreneurship and unemployment reduction in Anambra State, Nigeria. It specifically determined the extent of relationship between creativity and employment generation in Anambra State. The nature of relationship between opportunity discovery and business ownership was explored. Descriptive survey design was employed in order to elicit information from respondents. Pearson product moment correlation coefficient was used to test the formulated Hypothesis at 5% level of significance. Findings revealed that there is a statistically significant positive relationship existing between creative capacity and employment generation; and between opportunity discovery and business ownership. The study recommends that the Government of Anambra state needs to revitalize and sustain youth empowerment programmes financially, so as to reduce unemployment rate in the state. Moreover, government needs to reorient the youth on new business opportunities in order to enhance their opportunity discovery and business ownership.},
 year = {2022}
}

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TY - JOUR
T1 - Youth Entreprenuership and Unemployment Reduction in Anambra State, Nigeria
AU - Asogwa Ogochukwu Sheila
AU - Nzewi Hope Ngozi
Y1 - 2022/10/11
PY - 2022
N1 - https://doi.org/10.11648/j.sjbm.20221004.11
DO - 10.11648/j.sjbm.20221004.11
T2 - Science Journal of Business and Management
JF - Science Journal of Business and Management
JO - Science Journal of Business and Management
SP - 161
EP - 165
PB - Science Publishing Group
SN - 2331-0634
UR - https://doi.org/10.11648/j.sjbm.20221004.11
AB - Unemployment is the major challenges facing the youths in Nigeria, some are underemployed because they lack the necessary skills required in the environment they operate while some skills have been outdated by technological advancement. Youth Entrepreneurship tends to tackle the issue of unemployment within the society and also create marketable opportunities for them. Thus, the study assessed youth entrepreneurship and unemployment reduction in Anambra State, Nigeria. It specifically determined the extent of relationship between creativity and employment generation in Anambra State. The nature of relationship between opportunity discovery and business ownership was explored. Descriptive survey design was employed in order to elicit information from respondents. Pearson product moment correlation coefficient was used to test the formulated Hypothesis at 5% level of significance. Findings revealed that there is a statistically significant positive relationship existing between creative capacity and employment generation; and between opportunity discovery and business ownership. The study recommends that the Government of Anambra state needs to revitalize and sustain youth empowerment programmes financially, so as to reduce unemployment rate in the state. Moreover, government needs to reorient the youth on new business opportunities in order to enhance their opportunity discovery and business ownership.
VL - 10
IS - 4
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Author Information

Asogwa Ogochukwu Sheila

Department of Business Administration, Nnamdi Azikiwe University Awka, Awka, Nigeria
Nzewi Hope Ngozi

Department of Business Administration, Nnamdi Azikiwe University Awka, Awka, Nigeria

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APA Style

Asogwa Ogochukwu Sheila, Nzewi Hope Ngozi. (2022). Youth Entreprenuership and Unemployment Reduction in Anambra State, Nigeria. Science Journal of Business and Management, 10(4), 161-165. https://doi.org/10.11648/j.sjbm.20221004.11

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ACS Style

Asogwa Ogochukwu Sheila; Nzewi Hope Ngozi. Youth Entreprenuership and Unemployment Reduction in Anambra State, Nigeria. Sci. J. Bus. Manag. 2022, 10(4), 161-165. doi: 10.11648/j.sjbm.20221004.11

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AMA Style

Asogwa Ogochukwu Sheila, Nzewi Hope Ngozi. Youth Entreprenuership and Unemployment Reduction in Anambra State, Nigeria. Sci J Bus Manag. 2022;10(4):161-165. doi: 10.11648/j.sjbm.20221004.11

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@article{10.11648/j.sjbm.20221004.11,
  author = {Asogwa Ogochukwu Sheila and Nzewi Hope Ngozi},
  title = {Youth Entreprenuership and Unemployment Reduction in Anambra State, Nigeria},
  journal = {Science Journal of Business and Management},
  volume = {10},
  number = {4},
  pages = {161-165},
  doi = {10.11648/j.sjbm.20221004.11},
  url = {https://doi.org/10.11648/j.sjbm.20221004.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjbm.20221004.11},
  abstract = {Unemployment is the major challenges facing the youths in Nigeria, some are underemployed because they lack the necessary skills required in the environment they operate while some skills have been outdated by technological advancement. Youth Entrepreneurship tends to tackle the issue of unemployment within the society and also create marketable opportunities for them. Thus, the study assessed youth entrepreneurship and unemployment reduction in Anambra State, Nigeria. It specifically determined the extent of relationship between creativity and employment generation in Anambra State. The nature of relationship between opportunity discovery and business ownership was explored. Descriptive survey design was employed in order to elicit information from respondents. Pearson product moment correlation coefficient was used to test the formulated Hypothesis at 5% level of significance. Findings revealed that there is a statistically significant positive relationship existing between creative capacity and employment generation; and between opportunity discovery and business ownership. The study recommends that the Government of Anambra state needs to revitalize and sustain youth empowerment programmes financially, so as to reduce unemployment rate in the state. Moreover, government needs to reorient the youth on new business opportunities in order to enhance their opportunity discovery and business ownership.},
 year = {2022}
}

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