International Journal in Management and Social Science
  • Year: 2018
  • Volume: 6
  • Issue: 01

Promoting Youth Entreprenuership in the South East, Nigeria Through Co-Operatives

  • Author:
  • Agatha N. Aniodoh1
  • Total Page Count: 16
  • Published Online: Jan 1, 2018
  • Page Number: 148 to 163

1Department of Cooperative Economics and Management, Institute of Management and Technology, Enugu, Nigeria

Abstract

This research is on the promotion of youth entrepreneurship in the South East Nigeria through co-operatives. The objectives of the research are to explain the concept of youth entrepreneurship, discuss the importance of co-operatives as a promotional tool youth entrepreneurship and determine the implication of co-operatives to youth entrepreneurship. It was highlighted in the work that entrepreneurs make things happen by transforming hazy ideas into reality. Entrepreneurs are key player in national development as they have in many instances led and will continue to lead the economic revolution that has proved repeatedly to improve the standard of living for people everywhere. These notwithstanding, entrepreneurship development in south east and in other parts of Nigeria still face some challenges such as lack of management know-how resulting in inability to apply appropriate managerial concepts and principles in running the affairs of the business, the dire shortage and inadequacy of infrastructure facilities etc. This research in conclusion asserts that cooperatives are autonomous association of people united voluntarily to meet their common economic, social and cultural needs and aspirations through jointly owned and democratically controlled businesses and that identifying with the co-operatives could bridge the gap which has served as a hindrance to youth entrepreneurship in the South East Nigeria. The researcher among other things recommended that Youth entrepreneurs should identify and join cooperatives that are in line and can be of benefit to their entrepreneurial aspiration as this will enhance their chances of raising start-up capital for their businesses and that co-operatives should create more awareness to educate the youth on the availability of co-operatives for them to join and the benefits they stand to gain by becoming member of such co-operatives.

Keywords

Promoting, Youth, Entrepreneurship, Co-operatives