BARRIERS TO EFFECTIVE YOUTH ENTREPRENEURSHIP DEVELOPMENT IN NASARAWA STATE
Abstract
The study examined a range of key barriers that impede young people (youth) in Nasarawa, Nigeria, from starting and running a business. Two research questions guided the study. A population of 45 youth entrepreneurs was studied without sampling and the instrument for data collection was a 20 item structured questionnaire validated by experts. Data in respect of the research questions were analysed using arithmetic mean. Results reported that finance is the most pressing de-motivator to start-up business – lack of savings, securities and credibility and experience are the key start-up financing constraints. The prime educative barriers are the lack of adequate curricula and programs, wrong
teaching methods among others. Based on the findings, the researchers concluded that lack of job opportunities and barriers to self-employment for the youth can have potentially serious consequences on a country’s sustainability and therefore recommended among others that all facilities to launder effective and functional youth entrepreneurship need to be supported by the government as well as private organisations/individuals.
KEY WORDS: Development, Entrepreneurship, Youth, Unemployment, youth entrepreneurship, entrepreneurship barriers
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