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INNOVATION AND ENTREPRENEURSHIP: CATALYSTS FOR REDUCING YOUTH UNEMPLOYMENT IN NIGERIA

Matthew, Oluwatoyin and OTEKHILE, O. Cathy-Austin INNOVATION AND ENTREPRENEURSHIP: CATALYSTS FOR REDUCING YOUTH UNEMPLOYMENT IN NIGERIA. In: International Academic Conference on Management, Economics and Marketing, November 13 – 14, 2015, Vienna, Austria.

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Abstract

This study examined how innovation and entrepreneurship can serve as catalysts for the reduction of youth unemployment in Nigeria. The main objective of the study is to evaluate how innovation and entrepreneurship can help reduce youth unemployment. The study used primary data generated from five hundred questionnaires administered to self-employed youths that manage their private businesses in Ota, a small town in Ogun State, Nigeria using the purposive sampling technique. The data was analysed using frequency tables and multiple regression analysis. The results reveal that there is a significant relationship between innovation and entrepreneurship and youth unemployment. Therefore, the study recommends that the Federal Government of Nigeria should establish training centres and the necessary equipment where youths can acquire entrepreneurial skills; as well as provide funds in form of loans that youths can easily access to set up businesses.

Item Type: Conference or Workshop Item (Paper)
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Hannah Akinwumi
Date Deposited: 30 Aug 2017 08:54
Last Modified: 30 Aug 2017 08:54
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/8986

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