JAN and Momoh say entrepreneurship education is needed to curb unemployment.
In 2020, the National Bureau of Statistics (NBS) recorded the rate of unemployment at 33.3 percent. The unemployment rate in Nigeria rose to 35 percent in 2021, according to Agusto & Co., a credit rating agency. In light of this, the Executive Director of Junior Achievement of Nigeria (JAN), Foluso Gbadamosi, and the Chairman of Channels Media Group, Dr John Momoh, have advised that enhanced entrepreneurship studies among the youth is needed to curb unemployment in the country.
The duo said this during the stakeholders’ virtual Engagement Session, which was organized by JAN with the theme: “Building thriving communities for young people.” Gbadamosi said, “The engagement session was borne out of the socio-economic exigency to further equip young people with requisite skills to enable them to function as members of society. The theme was carefully selected to bring to the fore issues that affect young people, particularly how to reduce youth unemployment through entrepreneurship education for sustainable economic development and how we can build thriving communities for young people because we believe that young people have the mindset and skills to build thriving communities as we remain committed to the UN SDGs 1, 4, 5, 8, and 17.”
Nigerian youth see building skills as solution to unemployment.
The United Nations Sustainable Development Goals (UN SDGs) are 17. SDG-1 aims to eradicate poverty; SDG-4&5 promotes quality education for all and gender equality; SDG-8&17 seek economic growth and partnership. This is why many youths that are taking courses for various skill sets see this as a solution to the problem of unemployment in Nigeria. Many have taken to learning programming and other tech-related skills such as front-end web development, backend development, cloud computing, data science and analysis, UI/UX design, and many more. Gbadamosi revealed that JAN had embarked on life transformational programme centered on three core pillars of entrepreneurship, work readiness, financial literacy, and digital literacy. She added that the programs were aimed at inspiring and empowering young people to succeed and become conscientious business leaders in a global economy.
She enumerates what they have done this year so far. “The year started on a very high note as our students from Secondary School Etoi, Akwa Ibom State represented Nigeria at the Africa Company of the Year Competition; they came home with the Citi Foundation Client Focus Award and the CEO Rising Award. We also partnered with Prince’s Trust International to implement the first-ever Enterprise Challenge Program in Nigeria, that builds the entrepreneurship spirit of senior secondary school students. We also celebrated the annual Global Money Week as well as the Financial Literacy Day in partnership with the Bankers’ Committee of the Central Bank of Nigeria.”
JAN also partnered with Mixta Africa to implement different programme.
Gbadamosi said, “In partnership with Mixta Africa, we implemented a webinar against bullying and bystander. We also commenced the second phase of the implementation of the Google career Certificate Program in partnership with Google Inc. where young people were equipped with skills in project management, UI/UX, Data Analytics, and IT Support.” These programs and skills are where majority of Nigerian youth are making headway in the current economy of the country. As the unemployment rate continue to skyrocket, the demand for these skills especially abroad is also increasing.
“On a global outlook, Junior Achievement Worldwide was nominated for the Nobel Peace prize,” Gbadamosi said. “This is a testament to the amazing works we are doing not only in Nigeria but also in other parts of the world. It was therefore not surprising that Junior Achievement Worldwide remained one of the top 10 NGOs in the world for the fourth consecutive year.” She praised partners and donors for their support and sustained partnership in repositioning and empowering young people to succeed in a global economy.
Dr. John Momoh commended the organization’s initiative.
Chairman of Channels Media Group, Dr. John Momoh, commended the organization’s initiative while delivering his keynote speech at the virtual event. He said it would serve as a great way to help stimulate thoughts and generate ideas that could enhance youth’s capacity for growth. “The youth are not just the future of a nation but an embodiment of a nation’s hope. They are the catalyst for change. Youth unemployment in Nigeria is as high as 70 per cent, and that means serious social, economic and political implications for the country. Ignoring these potential problems amounts to threatening the very survival of Nigeria as a nation – as can be seen in the violence that has become a daily occurrence in our country.”
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Technically, no doubt. Entrepreneurship skills is needed to combat unemployment. However, regardless of unemployment, everyone still needs to learn a skills. Diversification of income is really important. This initiative would go a long way.
The youths need to be enlightened and educated when it comes to entrepreneurship. Although not every one will be a business man or woman, but through the process some will also become intrapreneurs. So to curb the unemployment rate, people should be encouraged to start up businesses and there should be a welcoming environment for them. The government must make the environment conducive for people to start up businesses
Enlightening people an educate them about entrepreneurship is a good move and will also help to curb unemployment rate. There are some people that as business plan in mind but did not know hw to implement it but if they are educate about it they will just go into business, some people start business without knowing about it and it make them not to progress but if they are taught and educate about it, it will make their business grow well. And this days people prefer to start business of their own
It is necessary to increase studies of entrepreneurship among young people in order to reduce youth unemployment in the country.
Through the implementation of an entrepreneurial skills programme, the government can foster the growth of thriving communities for young people. This will be of great assistance to them.
This is brilliant advice by Momoh because, with the rate at which this ASUU strike is going, many students will be jobless and need skills to do other creative entrepreneurial jobs for themselves.
Skills acquisition is so important now with the rate of employment at its highest so far,having a skill that can set you aside among peers is Paramount,kudos to various NGO’s,United Nations with various initiative to sustain youth and help their growth,our government also needs to buckle up on their path.
It a great advice if Nigeria unemployment rate has increased then people need to be educated on entrepreneurship that what said by jan,momoh and also they are lot of things we don’t know on the internet like researching and learning new things that we benefit from
Is good to acquire skills and entrepreneur education. But above all this….
Capital is needed to establish. Government should be able to give out loan of no or very small interest to empower people who are willing to make something great for theirselves
The government needs to do everything it can to take advantage of the fact that some young people have the knowledge and abilities to create thriving communities.
Since nothing can currently be done to the rate of unemployment, the next solution will be entrepreneurship. Entrepreneurship will help create opportunities for the youth and with that they will be able to feed themselves and their family.
As a potential solution to the issue of youth unemployment in Nigeria, a significant number of the country’s young people should enrol in training programmes for a variety of skill sets.
Perfectly, JAN is setting up this kind of program that will enlighten the youths about the world of entrepreneurship because it will help them greatly.
We, the young people, ought to owe a debt of gratitude to the partners and funders for their assistance in repositioning and equipping us to flourish in a global economy, which they have provided through a relationship that has been maintained.
JAN should not just advise youths on entrepreneurship education, they should also provide means by which this education will be available to them at an affordable rate.
The rate of unemployment in the country is very alarming and if cogent action did not put in place it will lead to many social vises.But with introduction of tech education to the youth,it will reduce the employment and will make many youths to be independent on their own.
Entrepreneurship will always be a good option. Remember an idle hand is the devil workshop, if these youths have things that they are learning or working on there will be tendency for criminal activities to reduce in this country
These entrepreneurial skills that the youths are being advised to learn will help them a lot and can be effective for the lm in any part of the world that they find themselves.
The government may encourage the development of vibrant communities for young people by putting in place an entrepreneurial skills program. They will benefit much from this.
Truly what we are experiencing in labour market situation is very tight as job are not available and cones with conditions. But with the skill of entrepreneur youths will be able to excel on there own.
Learning entrepreneurship skills and other various tech skills will help reduce the rate of unemployment in the country as there is no much job available in the country.
Entrepreneurship will always be a good option on my own view. It will help create opportunities for the youth and with that they will be able to earn a good living with would also have impact on the society. It should be encouraged.
Youth unemployment is among the downfall of this country. We are a nation blessed with over 40-50 millions youths and over 75% of them are jobless and or uneducated as well. This government has failed in every level concerning employment, security, healthcare system and other social amenities for Nigerians. This government should pack and go.
No doubt entrepreneur skill is essential in life.
It will serve as a means of income even when someone doesn’t have full-time work.
Youth really need to embrace this opportunity as it will go a long way.
This training on entrepreneurship will help many of our youth to be self employed, maximize their skill to achieve effective productivity along side building the economy of our country.
Yearly, the rate of unemployment in Nigeria and we having large numbers of youth with not enough companies to absorb them. The entrepreneurial program is a welcomed initiative that will make our youth to be self employed and reduce the rate of unemployment in our country.