Mixed-methods assessment reveals mentorship reduces startup failure and boosts job creation in youth entrepreneurs.
Youth entrepreneurship in Lagos, Nigeria faces significant challenges related to access to resources and support networks. The study employed a mixed-methods approach combining qualitative interviews with quantitative data analysis of YESN activities and outcomes. A notable theme emerged regarding the impact of mentorship programmes, particularly on reducing startup failure rates by 40% compared to non-participants. YESNs significantly enhance job creation among young entrepreneurs in Lagos, with a particular emphasis on mentoring as an effective strategy. Policy makers should prioritise investment in mentorship and capacity-building programmes within YESNs to further boost their impact.
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Okoli et al. (2010) studied this question.
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