A LECTURE PRESENTED BY PRINCE ENIOLA OJAJUNI; GOVERNORSHIP CANDIDATE ONDO2020 ON 30TH OCT, 2019 AT LAGOS STATE UNIVERSITY
Youths is the Future of every nation & inheritors of the earth tomorrow. This statement stands true in every sense. When a country has a healthy youth population, you will find the country making headway in terms of overall development and progress. A country with high aging population and lower youth population has a lot of problems to content with that can slow its growth.
The world today has transited into a ‘Technology Era’. Technology has enabled progress in all fields and all societies. Technological revolution has changed the face of lives of people bringing healthcare, information and connectivity to even the most remote areas that were hereto isolated.
Globalisation has brought countries together and created entire world market. We are seeing a lot of changes in the international political map of the world. Countries are beginning to show determination to move from the old age monarchies and dictatorial regimes towards democracy.
Progress and challenges go hand in hand. One of the major challenges faced by Nigeria today is to do with Youth unemployment.
The overall unemployment rate is growing at an alarming speed. Amongst the unemployed, the unemployment of youth seems to be alarming. The current global youth population is estimated to be at 1.5 billion of which 620 million are employable and ninety percent of this population live in developing countries. Countries like India and China have a fast increasing youth population and the rate of unemployment too is rising rapidly. As per ILO’s prediction approximately 660 million youth will be seeking employment by 2023. The youth unemployment is higher measuring up to 50-60% in Asia.
The above figures stand to reveal the fact that Global youth unemployment could boomerang to become a global crises causing social and economical impact on all countries besides pushing the economies and progress backward. Though every government as well as World Organisations do frame policies and promote schemes as well as funds to promote youth employment programs, the quantum of such effort is negligible when compared to the huge numbers.
Governments are focussed on looking at framework and strategies to creating new jobs and increasing employment rates. However there is an urgent need for the policy makers to look specifically at the Youth unemployment and related issues. In some of the countries youth entrepreneurship is being recognised as a promising alternative and is being actively promoted by various agencies . If promoted actively, Youth entrepreneurship can help sustain growing economies; integrate youth into the workforce besides leading to overall development of society.
Entrepreneurship in any society is a sign of progress. The IT business in US has been the bedrock for youth entrepreneurship and created stars and multi-millionaires in Bill Gates, Steve Jobs to Google’s Sergy Brin and Larry Page and many more. There are similar such stories in other countries too. However, the need of the day is to create many more stars and make available the opportunities for every youth to dream big and try their hands at entrepreneurship.
Youth entrepreneurship has an impact on social as well as cultural and economic progress of the society . Building an environment that promotes creatively and provides opportunities for entrepreneurship calls for multi pronged strategies implementation and involvement at all levels including Government, industry, political, social as well as educational sectors.
Working towards Youth Entrepreneurship programs can help solve as well as avoid a lot of problems that are currently staring at the countries and pave way for a better future and progressive societies world over.
ENTREPRENEURSHIP AND YOUTH DEVELOPMENT
The need to create value in the lives of our Youths has given rise to various calls for inculcating entrepreneurship skills amongst them.
The youths in discuss span through the secondary schools, tertiary, the unemployed and the under employed categories be they graduates or not.
Since entrepreneurship involves wealth creation leading to gainful employment and advancing society,
the need therefore to strengthen entrepreneurship programmes. We are aware that if the youths are mobilized to embrace entrepreneurship it would go a long way to reduce societal crimes like armed robbery, kidnapping, drug abuse, immoral behaviours etc.
Our Youths presently live in an environment predominant with the influences of parents, schools, peer groups, government policies, social values and the wave of internet related issues. All these work to shape the thinking and direction of our youths positively or negatively.
In the positive sense, the mind and thought of these youths become properly and positively directed to face the issues of life, while the reverse becomes the opposite.
Let’s critically examine some of the key fact that will help in enhance the zeal for entrepreneurship among students and youths;
Fundamental Base: Any youth desirous of embarking on entrepreneurship must identify with some foundational issues amongst which are
Determination: This is a key factor in the pursuit of any enterprise. Any youth therefore in any chosen field of endevour must persevere to succeed.
Mentorship: The Youths in question must have an eye to identify and study how people succeeded in life, and adopt them as role model.
Focus: Entrepreneurial youths must remain focus and have direction, and not to wallow in ignorance. Remaining focus will enable the youth to realize his ability and talents.
Education: Reading makes a man (says Francis Bacon, French great author). Entrepreneurial youths must attach self to studying issues bordering on entrepreneurship and applying same accordingly. The person could as well attach himself to entrepreneurial institutions for training; teaching the young people to go all out to start a business, which at the end creates sense of responsibility and self esteem.
Therefore entrepreneurship amongst our young ones will equip them with the tools to become successful and to create prosperity for themselves and nation.
These youths must have the mind of achievers. Achievers remain focused towards their planned action. They see delays and difficulties as opportunity to plan better. To them the end result is more important than the challenges on their way.
To them they believe that hard work employed in their enterprise would reward them accordingly, and that such accomplishment would impact on the society, thereby growing the nation.
S.A ON MEDIA : Hon.st Akinduro