Social entrepreneurship and future employment in Nigeria
Background To cater for the growing global population, the future of employment has been policy discourse. This is mainly because, as the population increases, the demand for employment increases. The danger of a looming crisis may be inevitable if considerable employment opportunities are not creat...
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| Veröffentlicht in: | International social science journal 2023-12, Vol.73 (250), p.927-937 |
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| creator | Osabohien, Romanus Worgwu, Haoma Adediran, Oluwasogo Soomro, Jahangeer Ahmed |
| description | Background
To cater for the growing global population, the future of employment has been policy discourse. This is mainly because, as the population increases, the demand for employment increases. The danger of a looming crisis may be inevitable if considerable employment opportunities are not created to match population growth. In order to curtail uncertainty in the labour market and secure future employment, increased emphasise is laid on entrepreneurship – the skills to match new ideas to market and societal needs.
Aim and Data
This study examines the extent of social entrepreneurship and its impact on future employment in Nigeria by testing the hypothesis stated in a null from as “social entrepreneurship has no significant impact on future employment in Nigeria”. The study utilises data sourced from youth entrepreneurship with innovation (YouWiN) (2019) conducted by the World Bank in conjunction with the National Bureau of Statistics (NBS) of Nigeria.
Method
The study engaged descriptive statistics to estimate logit regression and propensity score matching (PSM) to achieve its objective.
Result
The descriptive statistics show that only 3.15 per cent of entrepreneurship in Nigeria is a social enterprise. In addition, the mean age of business owners is about 31 years, with 83.14 per cent being male. The result from the logit regression shows that ICT utilisation, access to loans, level of education, and gender of business owners are other significant and positive determinants of future employment. The result from the PSM shows that social entrepreneurship is a significant and positive driver of future employment. It shows that social entrepreneurship will contribute not less than 21 per cent to employment in Nigeria in the next five years.
Conclusion
From the analysis, it was revealed that only 3.15 per cent of Nigerian enterprises are social enterprises, which is a possible reason for their little current contribution to present and future employment. More involvement in this sector is capable of improving future employment. In addition, to attain a boost in future employment creation in Nigeria, there has to be a significant contribution in this sector by the youth. In addition, access to ICT by business owners should be enhanced to improve business performance towards contributing to future employment. The government should adopt measures to aid business owners in securing loans to finance business activities and improve their performance. |
| doi_str_mv | 10.1111/issj.12360 |
| format | Article |
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To cater for the growing global population, the future of employment has been policy discourse. This is mainly because, as the population increases, the demand for employment increases. The danger of a looming crisis may be inevitable if considerable employment opportunities are not created to match population growth. In order to curtail uncertainty in the labour market and secure future employment, increased emphasise is laid on entrepreneurship – the skills to match new ideas to market and societal needs.
Aim and Data
This study examines the extent of social entrepreneurship and its impact on future employment in Nigeria by testing the hypothesis stated in a null from as “social entrepreneurship has no significant impact on future employment in Nigeria”. The study utilises data sourced from youth entrepreneurship with innovation (YouWiN) (2019) conducted by the World Bank in conjunction with the National Bureau of Statistics (NBS) of Nigeria.
Method
The study engaged descriptive statistics to estimate logit regression and propensity score matching (PSM) to achieve its objective.
Result
The descriptive statistics show that only 3.15 per cent of entrepreneurship in Nigeria is a social enterprise. In addition, the mean age of business owners is about 31 years, with 83.14 per cent being male. The result from the logit regression shows that ICT utilisation, access to loans, level of education, and gender of business owners are other significant and positive determinants of future employment. The result from the PSM shows that social entrepreneurship is a significant and positive driver of future employment. It shows that social entrepreneurship will contribute not less than 21 per cent to employment in Nigeria in the next five years.
Conclusion
From the analysis, it was revealed that only 3.15 per cent of Nigerian enterprises are social enterprises, which is a possible reason for their little current contribution to present and future employment. More involvement in this sector is capable of improving future employment. In addition, to attain a boost in future employment creation in Nigeria, there has to be a significant contribution in this sector by the youth. In addition, access to ICT by business owners should be enhanced to improve business performance towards contributing to future employment. The government should adopt measures to aid business owners in securing loans to finance business activities and improve their performance.</description><edition>English edition</edition><identifier>ISSN: 0020-8701</identifier><identifier>EISSN: 1468-2451</identifier><identifier>DOI: 10.1111/issj.12360</identifier><language>eng</language><publisher>Paris: Blackwell Publishing Ltd</publisher><subject>Academic achievement ; Access ; Addition ; Banking ; Business ; Communications technology ; Companies ; Demographic change ; Educational attainment ; Employment ; Employment opportunities ; Entrepreneurship ; Finance ; Future ; Information technology ; Innovations ; Job opportunities ; Labor market ; Loans ; Organizational effectiveness ; Owners ; Population growth ; Population policy ; Propensity ; Public finance ; Social entrepreneurship ; Statistics ; Telecommunications ; Uncertainty ; Youth employment</subject><ispartof>International social science journal, 2023-12, Vol.73 (250), p.927-937</ispartof><rights>2022 John Wiley & Sons Ltd.</rights><rights>2023 John Wiley & Sons Ltd.</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c2160-e875e518cbb80270fa8aacd842f947dae1fc34cfc5d395ec43f6a11982079ca03</citedby><cites>FETCH-LOGICAL-c2160-e875e518cbb80270fa8aacd842f947dae1fc34cfc5d395ec43f6a11982079ca03</cites><orcidid>0000-0002-9483-1395</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://onlinelibrary.wiley.com/doi/pdf/10.1111%2Fissj.12360$$EPDF$$P50$$Gwiley$$H</linktopdf><linktohtml>$$Uhttps://onlinelibrary.wiley.com/doi/full/10.1111%2Fissj.12360$$EHTML$$P50$$Gwiley$$H</linktohtml><link.rule.ids>314,780,784,1417,27924,27925,33774,45574,45575</link.rule.ids></links><search><creatorcontrib>Osabohien, Romanus</creatorcontrib><creatorcontrib>Worgwu, Haoma</creatorcontrib><creatorcontrib>Adediran, Oluwasogo</creatorcontrib><creatorcontrib>Soomro, Jahangeer Ahmed</creatorcontrib><title>Social entrepreneurship and future employment in Nigeria</title><title>International social science journal</title><description>Background
To cater for the growing global population, the future of employment has been policy discourse. This is mainly because, as the population increases, the demand for employment increases. The danger of a looming crisis may be inevitable if considerable employment opportunities are not created to match population growth. In order to curtail uncertainty in the labour market and secure future employment, increased emphasise is laid on entrepreneurship – the skills to match new ideas to market and societal needs.
Aim and Data
This study examines the extent of social entrepreneurship and its impact on future employment in Nigeria by testing the hypothesis stated in a null from as “social entrepreneurship has no significant impact on future employment in Nigeria”. The study utilises data sourced from youth entrepreneurship with innovation (YouWiN) (2019) conducted by the World Bank in conjunction with the National Bureau of Statistics (NBS) of Nigeria.
Method
The study engaged descriptive statistics to estimate logit regression and propensity score matching (PSM) to achieve its objective.
Result
The descriptive statistics show that only 3.15 per cent of entrepreneurship in Nigeria is a social enterprise. In addition, the mean age of business owners is about 31 years, with 83.14 per cent being male. The result from the logit regression shows that ICT utilisation, access to loans, level of education, and gender of business owners are other significant and positive determinants of future employment. The result from the PSM shows that social entrepreneurship is a significant and positive driver of future employment. It shows that social entrepreneurship will contribute not less than 21 per cent to employment in Nigeria in the next five years.
Conclusion
From the analysis, it was revealed that only 3.15 per cent of Nigerian enterprises are social enterprises, which is a possible reason for their little current contribution to present and future employment. More involvement in this sector is capable of improving future employment. In addition, to attain a boost in future employment creation in Nigeria, there has to be a significant contribution in this sector by the youth. In addition, access to ICT by business owners should be enhanced to improve business performance towards contributing to future employment. The government should adopt measures to aid business owners in securing loans to finance business activities and improve their performance.</description><subject>Academic achievement</subject><subject>Access</subject><subject>Addition</subject><subject>Banking</subject><subject>Business</subject><subject>Communications technology</subject><subject>Companies</subject><subject>Demographic change</subject><subject>Educational attainment</subject><subject>Employment</subject><subject>Employment opportunities</subject><subject>Entrepreneurship</subject><subject>Finance</subject><subject>Future</subject><subject>Information technology</subject><subject>Innovations</subject><subject>Job opportunities</subject><subject>Labor market</subject><subject>Loans</subject><subject>Organizational effectiveness</subject><subject>Owners</subject><subject>Population growth</subject><subject>Population policy</subject><subject>Propensity</subject><subject>Public finance</subject><subject>Social entrepreneurship</subject><subject>Statistics</subject><subject>Telecommunications</subject><subject>Uncertainty</subject><subject>Youth employment</subject><issn>0020-8701</issn><issn>1468-2451</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2023</creationdate><recordtype>article</recordtype><sourceid>7UB</sourceid><sourceid>BHHNA</sourceid><recordid>eNp90LFOwzAQBmALgUQpLDxBJDaklDvbSZwRVVCKKhgKs-U6Z3CVJsFuhPr2pISZW275_jvpZ-waYYbD3PkYtzPkIocTNkGZq5TLDE_ZBIBDqgrAc3YxGAAQKhcTptat9aZOqNkH6gI11If46bvENFXi-n0fKKFdV7eH3UAS3yQv_oOCN5fszJk60tXfnrL3x4e3-VO6el0s5_er1HLMISVVZJShspuNAl6AM8oYWynJXSmLyhA6K6R1NqtEmZGVwuUGsVQcitIaEFN2M97tQvvVU9zrbduHZnipeQkoeV6CGNTtqGxoYwzkdBf8zoSDRtDHZvSxGf3bzIBxxN--psM_Ui_X6-cx8wNG-2YD</recordid><startdate>202312</startdate><enddate>202312</enddate><creator>Osabohien, Romanus</creator><creator>Worgwu, Haoma</creator><creator>Adediran, Oluwasogo</creator><creator>Soomro, Jahangeer Ahmed</creator><general>Blackwell Publishing Ltd</general><scope>AAYXX</scope><scope>CITATION</scope><scope>7U4</scope><scope>7UB</scope><scope>8BJ</scope><scope>BHHNA</scope><scope>DWI</scope><scope>FQK</scope><scope>JBE</scope><scope>WZK</scope><orcidid>https://orcid.org/0000-0002-9483-1395</orcidid></search><sort><creationdate>202312</creationdate><title>Social entrepreneurship and future employment in Nigeria</title><author>Osabohien, Romanus ; Worgwu, Haoma ; Adediran, Oluwasogo ; Soomro, Jahangeer Ahmed</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c2160-e875e518cbb80270fa8aacd842f947dae1fc34cfc5d395ec43f6a11982079ca03</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2023</creationdate><topic>Academic achievement</topic><topic>Access</topic><topic>Addition</topic><topic>Banking</topic><topic>Business</topic><topic>Communications technology</topic><topic>Companies</topic><topic>Demographic change</topic><topic>Educational attainment</topic><topic>Employment</topic><topic>Employment opportunities</topic><topic>Entrepreneurship</topic><topic>Finance</topic><topic>Future</topic><topic>Information technology</topic><topic>Innovations</topic><topic>Job opportunities</topic><topic>Labor market</topic><topic>Loans</topic><topic>Organizational effectiveness</topic><topic>Owners</topic><topic>Population growth</topic><topic>Population policy</topic><topic>Propensity</topic><topic>Public finance</topic><topic>Social entrepreneurship</topic><topic>Statistics</topic><topic>Telecommunications</topic><topic>Uncertainty</topic><topic>Youth employment</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Osabohien, Romanus</creatorcontrib><creatorcontrib>Worgwu, Haoma</creatorcontrib><creatorcontrib>Adediran, Oluwasogo</creatorcontrib><creatorcontrib>Soomro, Jahangeer Ahmed</creatorcontrib><collection>CrossRef</collection><collection>Sociological Abstracts (pre-2017)</collection><collection>Worldwide Political Science Abstracts</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>Sociological Abstracts</collection><collection>Sociological Abstracts</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><collection>Sociological Abstracts (Ovid)</collection><jtitle>International social science journal</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Osabohien, Romanus</au><au>Worgwu, Haoma</au><au>Adediran, Oluwasogo</au><au>Soomro, Jahangeer Ahmed</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Social entrepreneurship and future employment in Nigeria</atitle><jtitle>International social science journal</jtitle><date>2023-12</date><risdate>2023</risdate><volume>73</volume><issue>250</issue><spage>927</spage><epage>937</epage><pages>927-937</pages><issn>0020-8701</issn><eissn>1468-2451</eissn><abstract>Background
To cater for the growing global population, the future of employment has been policy discourse. This is mainly because, as the population increases, the demand for employment increases. The danger of a looming crisis may be inevitable if considerable employment opportunities are not created to match population growth. In order to curtail uncertainty in the labour market and secure future employment, increased emphasise is laid on entrepreneurship – the skills to match new ideas to market and societal needs.
Aim and Data
This study examines the extent of social entrepreneurship and its impact on future employment in Nigeria by testing the hypothesis stated in a null from as “social entrepreneurship has no significant impact on future employment in Nigeria”. The study utilises data sourced from youth entrepreneurship with innovation (YouWiN) (2019) conducted by the World Bank in conjunction with the National Bureau of Statistics (NBS) of Nigeria.
Method
The study engaged descriptive statistics to estimate logit regression and propensity score matching (PSM) to achieve its objective.
Result
The descriptive statistics show that only 3.15 per cent of entrepreneurship in Nigeria is a social enterprise. In addition, the mean age of business owners is about 31 years, with 83.14 per cent being male. The result from the logit regression shows that ICT utilisation, access to loans, level of education, and gender of business owners are other significant and positive determinants of future employment. The result from the PSM shows that social entrepreneurship is a significant and positive driver of future employment. It shows that social entrepreneurship will contribute not less than 21 per cent to employment in Nigeria in the next five years.
Conclusion
From the analysis, it was revealed that only 3.15 per cent of Nigerian enterprises are social enterprises, which is a possible reason for their little current contribution to present and future employment. More involvement in this sector is capable of improving future employment. In addition, to attain a boost in future employment creation in Nigeria, there has to be a significant contribution in this sector by the youth. In addition, access to ICT by business owners should be enhanced to improve business performance towards contributing to future employment. The government should adopt measures to aid business owners in securing loans to finance business activities and improve their performance.</abstract><cop>Paris</cop><pub>Blackwell Publishing Ltd</pub><doi>10.1111/issj.12360</doi><tpages>11</tpages><edition>English edition</edition><orcidid>https://orcid.org/0000-0002-9483-1395</orcidid></addata></record> |
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| ispartof | International social science journal, 2023-12, Vol.73 (250), p.927-937 |
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| language | eng |
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| source | Worldwide Political Science Abstracts; Sociological Abstracts; Access via Wiley Online Library |
| subjects | Academic achievement Access Addition Banking Business Communications technology Companies Demographic change Educational attainment Employment Employment opportunities Entrepreneurship Finance Future Information technology Innovations Job opportunities Labor market Loans Organizational effectiveness Owners Population growth Population policy Propensity Public finance Social entrepreneurship Statistics Telecommunications Uncertainty Youth employment |
| title | Social entrepreneurship and future employment in Nigeria |
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