Youth Empowerment Leveraging on Entrepreneurship
Author | : Raheem Shefiu |
Publisher | : |
Total Pages | : 16 |
Release | : 2020 |
Genre | : |
ISBN | : |
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This paper examines youth entrepreneurship as a tool that could be employed and also deployed for economic empowerment in order to arrest the growing rate of insecurity occasioned by poverty and unemployment. A thriving economy would require a greater number of young people who are willing and able to become entrepreneurs; who can launch and successfully develop their own commercial or social ventures, and who will become innovators in the wider organizations in which they work. Entrepreneurship can unleash the economic potential of young people and be a source of new jobs and growth, while improving their economic independence. Young people can no longer expect to find 'job-for-life' careers but rather 'portfolio careers' (contract employment, freelancing, periods of self-employment, etc.). Entrepreneurial experience and/or education help youth develop new skills that can be applied to other challenges in life. Utilizing the leisure time of the youth and harnessing their exuberance and raw energy for creative activities is essential. Simultaneously, but more substantially there is need to provide opportunities for vocational skill development of the youth and inculcate self-entrepreneurship in them so as to motivate them towards self-reliance. This becomes all the more important in the context of shrinking job opportunities in the existing infrastructure and the need for promoting entrepreneurship which serves the triple objective of self-sustainability, creating new jobs and thereby supporting economic growth.