Entrepreneurship and Job Creation. A Panacea for Socioeconomic Development of Nigeria


Research Paper (postgraduate), 2022

13 Pages, Grade: A


Abstract or Introduction

This paper explores the effectiveness of entrepreneurship in job creation, hence, underlining the importance of the MSMEs sub-sector in the socioeconomic development of the Nigerian economy. Nowadays, the burden of job creation is not solely placed on the shoulders of the government alone but, has become a joint-venture effort between the public and private sectors. On this premise, the paper seeks an enduring answer to this prevalent phenomenon in entrepreneurship development. So, the paper is divided into subheadings, covering the introduction, conceptual explications, theoretical discourse on MSMEs as the driving force of socioeconomic development, and the role of entrepreneurship in the socioeconomic development of Nigeria.

The paper concludes by noting that, the transformation of Nigeria's education system into entrepreneurial-based is a way of empowering the young generations with practical skills that could help them become self-reliant (self-employed), thus reducing the increasing social vices and consequences of unemployment. Among others, it was recommended to incorporate entrepreneurship in our school curriculum where vocational subjects would become compulsory right from Upper Basic Education level through tertiary education level to train, prepare, and develop the economic mindset of the younger generations and decrease the high level of unemployment.

Details

Title
Entrepreneurship and Job Creation. A Panacea for Socioeconomic Development of Nigeria
College
University of Calabar  (Faculty of Arts & Social Science Education)
Course
The Structure and Organization of Social Studies and New Education Initiatives
Grade
A
Authors
Year
2022
Pages
13
Catalog Number
V1440861
ISBN (eBook)
9783964873668
ISBN (Book)
9783964873675
Language
English
Keywords
Entrepreneurship, Job creation, Socioeconomic, Development, MSMEs
Quote paper
Christopher Ohanyere (Author)Sunday Adie (Author), 2022, Entrepreneurship and Job Creation. A Panacea for Socioeconomic Development of Nigeria, Munich, GRIN Verlag, https://www.grin.com/document/1440861

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