Only two per cent of senior high school (SHS) students in the country are willing to venture into self-built enterprises after school, the Minister of Business Development, Dr Ibrahim Mohammed Awal, has disclosed.
He said while 120,000 students who graduated from the various universities in the country annually were interested in public sector jobs, the government could employ only 10,000 out of that number, a situation which he said required students to start developing entrepreneurial skills.
Speaking at the launch of the GRAPHIC BUSINESS Tertiary Business Sense Challenge, Dr Awal said the trend was worrying, as it was in sharp contrast with what pertained in developed countries such as the United States and the United Kingdom where majority of the youth ventured into self-built enterprises after school.
“Only last year the ministry launched the Student Entrepreneurship Initiative (SEI) in second-cycle institutions across the country and we conducted a research to find out how entrepreneurial our young people were. But we realised that only two per cent of young people in SHSs wanted to do business, while 68 per cent wanted to work for the government,” he said.
“This contrasts sharply with what pertains elsewhere. In the US, 72 per cent of young people in colleges want to be business people, while in the UK it is over 58 per cent,” he added.
Credit: Graphic Online