Graduate Unemployment in Nigeria: Entrepreneurship and Venture Capital Nexus

Abstract

It is observed that the rate of unemployment in Nigeria is alarming and intolerable, moreso, graduate unemployment. However, government alone cannot provide all the required jobs. We therefore advocate establishment of venture capital bank managed by men of proven integrity to provide loans to unemployed graduates with promising ideas. We also solicit that government should provide conducive environment that enables private sector to strive while universities should finetune their curricula to reflect the needs of the employers and university students should study to acquire necessary knowledge that makes them employable.

Keywords: Graduate unemployment, entrepreneurship, venture capital infrastructure, loan monitoring.