ENTREPRENUERSHIP EDUCATION AS A THERAPY IN A DISTRESSED ECONOMY.

        ENTREPRENUERSHIP EDUCATION AS A THERAPY IN A DISTRESSED ECONOMY.

                                                               BY

                                                        Raheem Shefiu

                                        Email: bestraheems@yahoo.com.

                        CENTRE FOR ENTREPRENUERSHIP DEVELOPMENT, CED,

                       YABA COLLEGE OF TECHNOLOGY, YABA, LAGOS, NIGERIA.

                                                               ABSTRACT.

Nigeria’s economy is sick. It urgently needs an entrepreneurial therapeutic healing. This can only be achieved through entrepreneurship education. Most of what you hear about entrepreneurship is all wrong. It’s not magic; it’s not mysterious; and it has nothing to do with genes. It’s a discipline and, like any discipline, it can be learned.Preparing today’s students for success and eventual leadership in the new global marketplace is the most important responsibility in education today… Entrepreneurship education is an important tool to achieving these objectives [and]…should be universally available to provide all students with opportunities to explore and fulfill their potential.

Entrepreneurship education is critical for developing entrepreneurial skills, attitudes and behaviours that are the basis for economic growth. It can be a societal change agent, a great enabler in all sectors.of the nation’s economy.

The Global objectives of entrepreneurship education include among others:

1) To highlight and raise awareness of the importance of entrepreneurship education in   spurring economic growth and achieving the Millennium Development Goals

2)  To consolidate existing knowledge and good practices in entrepreneurship education around the world to enable the development of innovative new tools, approaches and delivery methods

.  Entrepreneurship education provides a mix of experiential learning, skill building and, most importantly, mindset shift. Certainly, the earlier and more widespread the exposure to entrepreneurship and innovation, the more likely students will become entrepreneurial, in one form or another, at some stage in their lives..

Evidently, Nigeria is lagging behind in preparing her workforce for the challenges of the rapidly changing global economy. It is concluded that improved and sustainable global economy development depends on a strong entrepreneurship education.

This paper examines entrepreneurship education as a tool that could be employed and deployed in proffering solution(s) the country’s economic, social and political problems.

KEYWORDS: ENTREPRENUERSHIP; ENTREPRENUERSHIP EDUCATION; YOUTH EMPOWERMENT;JOB CREATION AND ECONOMIC DEVELOPMENT.

              

INTRAPRENEURSHIP AS A LAUNCH PAD FOR ORGANIZATIONAL RE ENGINEERING.

   INTRAPRENEURSHIP AS A LAUNCH PAD FOR ORGANIZATIONAL RE ENGINEERING.

                                                        BY

                                            RAHEEM SHEFIU

                                            ABSTRACT

Intrapreneurship refers to employee initiatives in organizations to undertake something new, without being asked to do so. It is a process by which individuals-either on their own or inside organizations-pursue opportunities without regard to the resources they currently control .Major activities related to intrapreneurship include opportunity perception, idea generation, designing a new product or another recombination of resources, internal coalition building, persuading the management, resource acquisition, planning and organizing. Key behavioural aspects of intrapreneurship are personal initiative, active information search, out of the box thinking, voicing, championing, taking charge, finding a way, and some degree of risk taking.   It discusses the similarities and differences between intrapreneurship and independent entrepreneurship.   Organisations employing intrapreneurial strategies have a competitive edge, which also boosts economic development.   Clear reward systems and strategies must be in place to ensure that the intrapreneur is adequately compensated for their innovation   

Keywords: - Intrapreneurship, History of Intrapreneurship, Scope of intrapreneurship, Commandment of Intrapreneurship  

NIGERIA’S ENERGY SECTOR’S LEVERAGE FOR EONOMIC DEVELOPMENT.

NIGERIA’S ENERGY SECTOR’S LEVERAGE FOR EONOMIC DEVELOPMENT.                                             

BY

RAHEEM SHEFIU

                                                        bestraheems@yahoo.com

                  CENTRE FOR ENTREPRENEURSHIP DEVELOPMENT,CED,

                 YABA COLLEGE OF TECHNOLOGY, YABA, LAGOS, NIGERIA.

                                                           ABSTRACT

Energy is the oxygen that the Nigeria’s economy needs for greatness. The energy sector plays a major role in economic transformation of a country, a driven force behind a sustainable economy. The projected growth of an economy depends heavily on the performance and growth of the power sector. 

Various policies that promote a secure, competitive, and reasonably priced energy supply will help attract, retain, and expand the growth of an economy.  Access to clean modern energy services is an enormous challenge facing the African continent because energy is fundamental for socioeconomic development and poverty eradication. Today, 60% to 70% of the Nigerian population does not have access to electricity. There is no doubt that the present power crisis afflicting Nigeria will persist unless the government diversifies the energy sources in domestic, commercial, and industrial sectors and adopts new available technologies to reduce energy wastages and to save cost. Nigeria. Energy efficiency leads to important social benefits, such as reducing the energy bills for poor households.

In other to sustain this economic development, additional energy resources, including electricity generation and infrastructure improvements, must be effectively utilized. Energy is one sector with great impact in the economy; the energy sector can influence the economic development mainly in two ways, Capacity for large investments and price of energy, the investments in the energy sector can stimulate national enterprises and the industrial capacity, while the price of energy is pervasive to all sectors and influences the competitiveness of the country.

Energy is an essential ingredient for economic development. As both agricultural and industrial activities increase, the demand for energy similarly increases. In the developing world provision of a greater access to energy has been suggested by some that will help grow their economies and improve the lives of the poor. The energy supply mix must thus be diversified through installing an appropriate infrastructure and creating full awareness to promote and develop the abundant renewable energy resources present in the country as well as to enhance the security of supply .The Petroleum Industry Bill(PIB) when it becomes a law will also bring about to a great extent the desired revolution needed in the Nigeria.s energy sector which will engender a prosperous nation.

Keywords:  Energy sector,   Energy sources, Energy reforms, Economic growth

Social Entreprenuership’s Economic Empowerment Strategy

Social Entreprenuership’s Economic Empowerment Strategy 
Raheem ,S; Cole, B.M    and    Adebayo, M.S Centre for Entreprenuership Development, Ced, Yaba College of Technology, Yaba, Lagos. Email: bestraheems@yahoo.com. 
Abstract.

 This paper examines social entrepreneurship as a powerful mantra for economic empowerment with emphasis on the youths of Nigeria. Social entrepreneurship signals the imperative to drive social change, and it is that potential payoff, with its lasting, transformational benefit to society, that sets the field and its practitioners apart.  Social entrepreneurs are setting trends and sparking movements that are spreading across the world. These could have far-reaching effects in different locations and future scenarios. What is most important about social entrepreneurs, wherever they operate, is that they challenge   existing rules and institutions and create innovative vehicles to achieve their social goals. These may end up directly provoking markets through competition or providing alternatives, or they may indirectly put pressure on industries by creating awareness and stimulating behavioral and attitude change. The paper discuses, social entrepreneurship schools of practice    the ecosystem of social entrepreneurship , principles of social entrepreneurship, models of social entrepreneurship and the  assumptions of social entrepreneurship among others. Youth social entrepreneurship should grow out of young people’s own interests, motivations and ideas. It entails young people being actively involved by initiating their own activities rather than just being told what to do. Yet it also requires resources and supportive and experienced adults who can mentor/guide young people without being controlling. The key now is to focus on how social enterprise can sustain growth and generate more impact. The role of public policy is to stimulate and orchestrate this process of collective innovation. Politicians, policy-makers and civic leaders can make a unique contribution by changing the way society frames its challenges and mobilizes public, private and voluntary resources to meet them.  Demand for social enterprise solutions will not lessen because  they attack fundamental issues of how to create public goods and solutions to social problems in an open market economy.  Keywords: Social entrepreneurship; Youth empowerment; Volunteerism and Economic Development.

YOUTH EMPOWERMENT LEVERAGING ON ENTREPRENEURSHIP

YOUTH EMPOWERMENT LEVERAGING ON ENTREPRENEURSHIP

BY

                                            RAHEEM SHEFIU

                                         bestraheems@gmail.com: 2348038509401.

                  CENTRE FOR ENTREPRENEURSHIP DEVELOPMENT,CED,

      YABA COLLEGE OF TECHNOLOGY, PMB 2011, YABA, LAGOS, NIGERIA.

                                               ABSTRACT

This paper examines youth entrepreneurship as a tool that could be employed and also deployed for economic empowerment in order to arrest the growing rate of insecurity occasioned by poverty and unemployment.

A thriving economy would require a greater number of young people who are willing and able to become entrepreneurs; who can launch and successfully develop their own commercial or social ventures, and who will become innovators in the wider organizations in which they work. 

Entrepreneurship can unleash the economic potential of young people and be a source of new jobs and growth, while improving their economic independence. Young people can no longer expect to find ‘job-for-life’ careers but rather ‘portfolio careers’ (contract employment, freelancing, periods of self-employment, etc.). Entrepreneurial experience and/or education help youth develop new skills that can be applied to other challenges in life.

Utilizing the leisure time of the youth and harnessing their exuberance and raw energy for creative activities is essential. Simultaneously, but more substantially there is need to provide opportunities for vocational skill development of the youth and inculcate self-entrepreneurship in them so as to motivate them towards self-reliance. This becomes all the more important in the context of shrinking job opportunities in the existing infrastructure and the need for promoting entrepreneurship which serves the triple objective of self sustainability, creating new jobs and thereby supporting economic growth.

 Keywords:  Entrepreneurship, Youth Empowerment, Job Creation

                     And Self-reliance