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ENTREPRENEURSHIP AS A PANACEA TO UNEMPLOYMENT AND UNDERDEVELOPMENT IN NIGERIA



E.M. Asonibare on 06/01/2017

The main purpose of this paper is to make it known to all and sundry that entrepreneurship is the only solution to unemployment and underdevelopment in Nigeria. It examines the concept, significance, correct practice and challenges of entrepreneurship. The paper also highlighted how to develop entrepreneurial interest in the youth as a means of empowering them. There were discussions on how business planning and development can be carried out and how to become a successful entrepreneur. Some of the numerous challenges that entrepreneurs in Nigeria encounters and what can be done to combat them were mentioned. The paper concluded by emphasizing that acquisition of entrepreneurial skills by youth in all discipline is a passport and ticket for employment in the global workplace and more importantly in becoming self-employed. Recommendations were made based on information gathered through literature review.

Keywords: Art and Practice of Entrepreneurship, Entrepreneurial Qualities, Business

Planning Strategies, Entrepreneurial Challenges