PAPER TITLE :PROFITABILITY OF ENTERPRISES AMONG YOUTH ON ENTREPRENEURIAL DEVELOPMENT IN SOUTH-WEST NIGERIA

JOURNAL Of SUSTAINABLE TECHNOLOGY | VOLUME 11 NUMBER 1 2021

Paper Details

  • Author(s) : Ojo, S.O.1; Afolabi, J.A. 1; Ehinmowo, O.O. 2 and Simon-Oke, O.O. 3
  • Abstract:

The study examined the profitability of enterprises among youth in entrepreneurial
development in south-west, Nigeria (Ekiti, Ondo, and Osun States). It specifically examined the
demographic characteristics of the youth and the profitability of the ten selected enterprises the youth
were engaged in. A multistage sampling procedure was employed in selecting 1,800 respondents and
data collected were analyzed using descriptive statistics and budgeting analysis. Results revealed that
the youth were between 30 to 40 years old, well-educated with over 70% of youth sampled in each
enterprise having completed secondary school and above. The average household size was between four
and five members. They were well experienced in their chosen enterprises with average years of
experience above nine years. The enterprises were very profitable and also the capital requirements
to start most of the enterprises were not much. It is recommended that findings from this study should
be disseminated to the appropriate organs of the three tiers of governments saddled with the
responsibility of planning for youth empowerment and employment and the Nigerian Universities for
incorporation into their entrepreneurship courses curricula. They should key into the use of the
opportunity of these available entrepreneurial opportunities to address the problem of youth
unemployment and empowerment in Nigeria by providing training programmes, funds and conducive
business environments for this category of Nigerians to eke out a living for themselves in the absence
of government white-collar jobs.


Keywords: Empowerment, Enterprises Entrepreneur, Demographic characteristics, Profitability