Women Entrepreneurial Training In Akwa Ibom

Women Entrepreneurial Training In Akwa Ibom

Women Entrepreneurial Training In Akwa Ibom

By / Skill Acquisition / Wednesday, 06 May 2020 06:27

Introduction

Empowering women in the Niger Delta to become self-sufficient through entrepreneurship is important because gender discrimination often preclude women in Africa from finding jobs. In addition, these women are still subject to ostracism and stigma by villagers and virtually ignored by their governments.   As a result, empowering women entrepreneurs may be the only lifeline they have to any quality of life. Research is critical to foster investment in a manner that will directly benefit the workers/entrepreneurs by creating a supportive environment to learn life skills necessary for women to become independent as entrepreneurs.

Job creation has emerged as the single most critical economic challenge facing the world today. Anxiety over employment problems and pessimism over the prospects for resolving them prevail in many parts of the world. According to Hansenne (1995), the task of creating sufficient new jobs to overcome unemployment, underemployment and problems of low pay ranks as the primary challenge for economist and other social scientist in developed and developing countries at all levels of development across the globe. In Nigeria, like in other developing countries, there is growing concern over the slow pace of employment generation and its associated problems overtime. The reasons for this may be attributed to the prevailing policy inconsistencies and institutional weaknesses in the nation. The incalculable social cost of the potentially explosive and rising incidence of “educated unemployed and underemployed graduates” has generated considerable social policy concerns in Nigeria in recent time.

The root causes of the employment problem in Nigeria are structural and policy determined. The most prominent structural factor is the unstable economic development trajectory and the dramatic reversals in economic performance culminating in the deep economic crisis that has gripped the economy since the 1980s. The second factor concerns structural imbalances in the labour market induced mainly by inefficient wage and policy interventions. The policy failure component of the causal factors in the slow growth of employment relates to policy-induced distortions and poor technological innovation.

This training was developed under the NDDC’s Women Entrepreneurial Training Programme to summarize the evidence for what works in women entrepreneurship training and support interventions. The report is intended to help NDDC staff and implementing partners understand outcomes that can reasonably be expected from entrepreneurship  training programs and apply this understanding to designing and implementing future programming.

In the face of large-scale unemployment worldwide, especially women, entrepreneurship has grown in popularity as an intervention, particularly where few wage jobs exist. Entrepreneurship traditionally refers to starting or expanding a growth-oriented business that creates value. Entrepreneurs identify an unmet market opportunity and marshal the financial, organizational, and other resources to exploit it, usually assuming a degree of risk.

In practice, however, entrepreneurship programming has been extended by the national development community to support a wide variety of women business and self-employment efforts, many of which are focused on enhancing livelihoods of both mainstream and disadvantaged populations. This programming is directly or indirectly relevant to workforce development, livelihoods, and economic strengthening; economic growth; rural development; economic empowerment of women and girls; and outcomes for other at-risk and vulnerable populations as well as other areas of interest to NDDC.

While evidence on the effectiveness of training interventions for women entrepreneurs is mixed and under increasing scrutiny, the majority of rigorously evaluated women-focused efforts are entrepreneurship education and training (EE&T) initiatives. Most of these also provide complementary services such as access to finance, coaching and mentoring, networking, or business services.

In addition to the skills and services typically provided in EE&T programming, entrepreneurial success is also influenced by the supporting entrepreneurial ecosystem (or enabling environment) in which women form businesses. Ecosystem quality varies widely, particularly in low- and middle-income countries. This ecosystem comprises the political and social context in which business formation and growth occurs and includes both “hard” factors—the legal and regulatory framework and availability of finance capital and services—and “soft” factors—a supportive, entrepreneur-friendly culture, growth-mentality of businesses, and attitudes toward risk.

The training supported general design recommendations for entrepreneurship programming and specific recommendations for tailoring programming to women entrepreneurs who are of potential interest to NDDC and implementing partners. The raining report also highlights where further raining and experimentation is needed to clarify the impact and improve the efficacy of training-centric and other entrepreneurship programs. Click here to read the full report.

Author

CIEPD Admin

CIEPD Admin

Community Initiative for Enhanced Peace and Development (CIEPD)

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