ADDRESSING UNEMPLOYMENT THROUGH ENTREPRENEURSHIP DEVELOPMENT IN NIGERIA

Abstract

Youth empowerment through entrepreneurship development has emerged as a critical strategy for addressing unemployment and fostering economic growth in Nigeria. With over half of the country’s population under the age of 30, there is an urgent need to equip young people with entrepreneurial skills to enhance their capacity for self-reliance and economic contribution. This paper explores the role of entrepreneurship in empowering Nigerian youth by providing them with the tools, knowledge, and opportunities necessary to start and sustain their own businesses. It highlights key government initiatives, private sector involvement, and international partnerships aimed at promoting entrepreneurship and funding for young entrepreneurs. Despite these efforts, challenges such as inadequate infrastructure, limited access to finance, and insufficient policy implementation persist. The paper argues that by addressing these barriers and creating an enabling environment for youth-led enterprises, Nigeria can harness the full potential of its young population, reducing unemployment and contributing to national development. The study recommends a comprehensive approach to entrepreneurship development that includes mentorship, improved access to credit, and enhanced technical education tailored to the needs of real sector.