Entrepreneurship: A Post COVID-19 Intervention Strategy for Reintegration into the Labour Market in Nigeria
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Date
2021-01-05
Authors
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Publisher
Benin Journal of Social Work and Community Development
Abstract
A recent surveys by the Nigeria Federal Bureau of Statistics (FBS) on labour instability in the country showed that 42% of Nigerians in labour market have lost their jobs as an aftermath of the lockdown declared by the Federal government to prevent further spreading of the pandemic called COVID-19 otherwise known as corona-virus among her populace. The rate at which industries, factories and enterprises are been grounded and the subsequent growth of the endemic poverty in Nigeria calls for serious concern by all stakeholders. On this backdrop; this paper examines entrepreneurship as a necessary tool and intervention strategy for reintegration of labour into the employment market in Nigeria in post COVID-19 period. The paper reviews the conceptualization of entrepreneurship, influence and the alliance between entrepreneurship and economic growth; sources of fund available to entrepreneurs in Nigeria and the issues of COVID-19 pandemic. The method is basically an examination of and reports on job loss by Nigerians through information collated from the Federal Bureau of Statistics (FBS), United Nations World Food Programme, International Labour Organisation (ILO) and the Nigeria dailies. Subsequently, skills, acquisition and ingenuity are various means of eke out of the dangerous post COVID-19 effects.
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Keywords
Alliance, COVID-19, Endemic, Employment, Entrepreneurship