Global Entrepreneurship Week 2018

 

Every year during the month of November, thousands of events and competitions are held in 170 countries. These events inspire millions to engage in entrepreneurial activity while connecting them to potential collaborators, mentors and even investors.

This initiative is powered by the Kauffman Foundation, and supported by dozens of world leaders and a network of more than 15,000 partner organizations. GEW is held November 12-18, 2018.

Entrepreneurship is critical if the world is to break the bark of poverty and hunger. Nations and individuals need the development of entrepreneurial spirit to realize their full potentials.

Why Entreprenuership in Nigeria?

The high prmium placed on paper qualification in Nigeria to the detriment of skilled and knowledge based activity is perhaps the worse dysfunction within the education sector in Nigeria.

The Fitch International evaluation report on economic performance in 2016 put the productivity index of Nigeria at an all-time high of 72% from 60% in 2015. The report also states that more than 55% of the youths are either unemployed or underemployed. About 67 million youths in Nigeria are unemployed, representing 42 per cent of the population. Our universities and schools have become dignified roads to poverty and starvation.

In order that Nigeria may overcome the high rate of youth unemployment, increased rate of enterprise failure and abject poverty, especially among Nigerian graduates, academic education must be complemented with skill acquisition, entrepreneurship and vocational education.

Entrepreneurship is therefore one of the solutions to reducing poverty as it is a medium to create employment, to improve the quality of life for individuals, families and communities and also sustain a healthy economy and environment.

To promote entrepreneurship among not just marginalized women and youth but also among rural poor, SAID Nigeria focuses its entrepreneurship intervention on financial literacy, establishment and management of enterprises (social enterprise inclusive) as well as micro credits aimed at financial inclusion. It includes inspiring entreprenuership mindset in teens and giving them tools to master money and become smart with money.

SAID Nigeria has built Magdalena Women and Youth Entrepreneurship Center, Obowo which will soon start activities for this purpose.

Our aim is to produce financially literate individuals who will apply the knowledge learnt so as to improve their livelihoods and reduce unemployment/poverty ratio through job creation.

If you care about Nigeria and the issues that affect you and millions of other Nigerians, then join us to promote entrepreneurship among the teeming millions of unemployed Nigerians as well as in our secondary schools and universities.

Davis Ugo

SAID Nigeria

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