Unviable Entrepreneurship Studies In Higher Institutions Worsening Unemployment Challenges – Financial Expert

In order to reduce the unemployment problem bedevilling the country, the Federal Government has been advised to ensure that the study of entrepreneuship studies in the nation’s tertiary institutions of learning is viable and made compulsory for all undergraduates.

Mr Dele Faseemo

A financial expert, Mr Dele Faseemo gave this charge recently while addressing the alumni of the Obafemi Awolowo University, Ile-Ife, under the umbrella of the Nigeria Federation of Catholic Students (NFCS) at the association’s 2nd alumni reunion tagged: “Peculiar People.”

Faseemo noted that despite that the federal government had made the study of entrepreneurship compulsory in universities and other institutions of higher learning, most institutions were yet to launch this as course while few who study it have nothing to show for it.

According to the banker, the essence of making entrepreneurship compulsory was to discourage Nigerian graduates from craving for non-existent white-collar jobs. But Faseemo expressed displeasure that rather than bringing panacea to challenges of unemployment in the country, the number of unemployed graduates had been soaring.

He therefore stressed the need for the federal and state government to make entrepreneurship studies compulsory in their institutions and also make them viable if the country would overcome the problem of unemployment.

Speaking on a topic: Money Answereth All Things: Your journey to Financial Freedom,” Faseemo said the reason why most graduates in Nigeria queue for white-colar jobs was because they lack necessary skills and vocations.

Faseemo noted that most graduates find it hard to acquire skills that would fetch them means to sustain themselves and attain financial freedom after leaving the shores of their campuses.

Owing to the inability of graduates to get employed gainfully, Faseemo disclosed that most youths including graduates now take to internet fraud and patronising ponzi schemes.

While addressing Catholic students and alumni who thronged the conference centre of OAU, Faseemo said, “I call on our governments to ensure that entrepreneurship studies are made compulsory in our higher institutions. There was a time the former minister of education announced that entrepreneurship studies should be made compulsory in our institutions but so few are studying this. This development has been worsening the problem of unemployment confronting this country.

“If a undergraduate is skilled and learned a vocation before leaving school, such graduate would not wait for employment, rather, he or she would be an employer of labour. Youths, whether undergraduate or graduate should get their hands dirty in any legal means they can. Do something that will be making money for you. Engage in businesses and establish them. There is no amount of white collar job you do that will make you attain financial freedom, you need to be the boss of your businesses.”