2022•International Journal of Entrepreneurship and Business InnovationOpen access

Entrepreneurship: A Panacea to Youth Unemployment Challenge

Terungwa Paul Jato

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Abstract

As the problem of youth unemployment persists, especially among developing economies like Nigeria, the need for a workable solution to this problem is continually being sought. Among possible alternative solutions to the problem is entrepreneurship. This paper, espousing entrepreneurship as a key to tackling youth unemployment, presented supporting views to this line of thought. Using descriptive approach, the paper highlighted the situation of youth unemployment in Nigeria, the challenges of the business environment, reliance on entrepreneurship and the way out.

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What this paper is about

As the problem of youth unemployment persists, especially among developing economies like Nigeria, the need for a workable solution to this problem is continually being sought. Among possible alternative solutions to the problem is entrepreneurship. This paper, espousing entrepreneurship as a key to tackling youth unemployment, presented supporting views to this line of thought. Using descriptive approach, the paper highlighted the situation of youth unemployment in Nigeria, the challenges of the business environment, reliance on entrepreneurship and the way out.

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Available abstract

As the problem of youth unemployment persists, especially among developing economies like Nigeria, the need for a workable solution to this problem is continually being sought. Among possible alternative solutions to the problem is entrepreneurship. This paper, espousing entrepreneurship as a key to tackling youth unemployment, presented supporting views to this line of thought. Using descriptive approach, the paper highlighted the situation of youth unemployment in Nigeria, the challenges of the business environment, reliance on entrepreneurship and the way out.

Key concepts: Panacea (medicine), Entrepreneurship, Unemployment, Youth unemployment, Key (lock), Economic growth, Labour economics, Economics

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