Youth unemployment has been a problem in Nigeria for decades. This is why policymakers are increasingly turning to entrepreneurship education as a solution. It is hoped that entrepreneurship will reduce reliance on formal jobs and create more opportunities for self-employment.
The unemployment rate stood at 5.3% in the first quarter of 2024, representing a third consecutive increase since the second quarter of 2023. This is close to the 2023 global unemployment rate of 5.1%.
Researchers and policymakers globally view entrepreneurship education as a key solution to youth unemployment.
