Abstract:
Nigeria is a country universally known to be blessed with both human and material resources, though harnessing them has been a major challenge for successive governments. Contemporary, unemployment is one of the developmental problems bedevilling the world although the up-surge is more pronounced in the developing nations like Nigeria. Unemployment among youths in Nigeria is a very daunting challenge and constitutes a serious threat to national development, hence this study. This paper examined skill acquisition and entrepreneurship development programmes and reduction in youth unemployment in Nigeria. The study concludes that despite the avalanche of programmes being initiated and introduced by government and even the private sector in Nigeria in terms of skill acquisition and entrepreneurship among youths in particular that youth unemployment rate continues to soar. The efficacy of skill acquisition and entrepreneurship to tackle this menace has been constrained by factors such as neglect of rural areas in skill acquisition programmes, poor funding by government, inadequacy of training infrastructures, epileptic power supply, unfavourable fiscal policies, difficulty in accessing of funds, and quality of skill acquisition training and importantly the attitude of participants. All these needs redress.
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