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| Addressing the Menace of Rising Unemployment through Entrepreneurship Development in Anambra State, Nigeria
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Ezeigwe Francisca O. and Martin C. Muo, Ph.D.
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Abstract:
Creating enough employment opportunities for Nigeria's massive population has been a big concern for the country's leadership. Many would-be business owners have thus found themselves in a worse position than before they embarked on their entrepreneurial journey. The study's goal is to find ways to encourage entrepreneurship in Nigeria so that it may accomplish its manifest destiny of helping to alleviate poverty by creating new employment and growing current ones. The research population included 160,756 people, and 400 were selected at random using the Taro Yamani method. Primary data were gathered via a designed survey and used to write this paper. The findings from the study revealed that in Anambra State, a strong correlation exist between fostering entrepreneurship and increasing employment opportunities. The study's author concluded, therefore, that encouraging entrepreneurship helps the local economy by creating more jobs. New company value creation and job creation were also shown to have a high correlation in Anambra State, as did the development of relevant skills. The research concluded that jobless youth in Anambra State should be encouraged to take on entrepreneurial attitudes and actions that promote the state's economic growth and development via the promotion of industry and entrepreneurship.
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