Impact of Government Entrepreneurial Programmes on Youth SMES Participation in Nigeria
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Date
2015-08-03
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Abstract
Globally, the youth have been considered as prime mover of Small and Medium Enterprises (SMEs) due to their creative ability, energy and the drive to achieve. However, weak entrepreneurial climate has been a major constraint militating against the drive for self-reliance and economic autonomy and has resulted to increasing rate of unemployment, vandalism and other social vices among the youth. This study attempts to examine the relationship between government entrepreneurial programmes on youth SMEs participation in Nigeria. A survey of 250 questionnaires was undertaking through an online platform across the beneficiaries of federal governmental SMEs financial intervention schemes – Youth Enterprise with Innovation in Nigeria (YouWiN). The data collected were analyzed utilizing correlation and multiple regression statistical tools. The study concludes that government intervention programmes such as financial, infrastructural and capacity building is paramount to new venture creation among the youth. The findings further reveal a significant positive correlation between availability of fund and new venture creation. The study recommends conscious youth entrepreneurial orientation and capacity development programmes through the outlets of Small and Medium Enterprise Development Agency of Nigeria (SMEDAN). Furthermore, more financial intervention schemes such as grants and soft/special loans should be provided to young entrepreneurs as this will alleviate a major constraint to new venture creation which is poor access to finance.
Description
Globally, the youth have been considered as prime mover of Small and Medium Enterprises (SMEs) due to their creative ability, energy and the drive to achieve. However, weak entrepreneurial climate has been a major constraint militating against the drive for self-reliance and economic autonomy and has resulted to increasing rate of unemployment, vandalism and other social vices among the youth. This study attempts to examine the relationship between government entrepreneurial programmes on youth SMEs participation in Nigeria. A survey of 250 questionnaires was undertaking through an online platform across the beneficiaries of federal governmental SMEs financial intervention schemes – Youth Enterprise with Innovation in Nigeria (YouWiN). The data collected were analyzed utilizing correlation and multiple regression statistical tools. The study concludes that government intervention programmes such as financial, infrastructural and capacity building is paramount to new venture creation among the youth. The findings further reveal a significant positive correlation between availability of fund and new venture creation. The study recommends conscious youth entrepreneurial orientation and capacity development programmes through the outlets of Small and Medium Enterprise Development Agency of Nigeria (SMEDAN). Furthermore, more financial intervention schemes such as grants and soft/special loans should be provided to young entrepreneurs as this will alleviate a major constraint to new venture creation which is poor access to finance.
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Adebayo, P. O. (2015). Impact of Government Entrepreneurial Program on Youth SMEs Participation in Nigeria. Journal of Business and African Economy, 1(4), pp. 065-079. https://iiardpub.org/get/IJEBM/VOL%201/65-79.pdf