Entrepreneurship, labor productivity and youth unemployment in Nigeria:The missing link

Adenike T.egunjobi and Oluwakemi M.ademisola
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Adenike T.egunjobi: University of Lagos,Akoka,Nigeria
Oluwakemi M.ademisola: University of Lagos,Akoka,Nigeria

Romanian Journal of Economics, 2023, vol. 56, issue 1(65), 88-108

Abstract: Embracing entrepreneurship is a strategy of creating employment opportunities.However, some entrepreneurship businesses cannot survive in the long run due to a misfit in the skills acquired by the entrepreneurs and their passion/ talent.This work examined the level of misfit amongst technical/vocational skills and how it has affected the rate of unemployment and labor productivity in two geopolitical zones in Nigeria having higher rates of unemployment.Descriptive and inferential statistics was employed in analyzing data retrieved from questionnaires administered. Results showed that the relationship between entrepreneur skill and youth unemployment and also between entrepreneur skill and labor productivity were positive in Nigeria.Study recommended entrepreneurship education and training and provision of resources to train students in their area of interest/passion and not based on the resources available in the institutions.

Keywords: entrepreneurship; labor productivity; youth unemployment (search for similar items in EconPapers)
JEL-codes: E24 L26 O47 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:ine:journl:v:56:y:2023:i:65:p:88-108

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