According to information gathered from from online sources, the unemployment rate in Nigeria stands at 18.80% in the third quarter of 3017. Ordinarily, that may seem pretty low, but a further research would quickly set you straight. In that same year, Ghana had an unemployment rate of 2.40%, Ivory Coast had 2.60%, and Kenya's was at 11.50%. Of the 54 recognized countries in Africa, the supposed Giant of Africa occupies the undignifying ninth position of countries with the highest unemployment rate.

With the current population size and the growth rate in Nigeria, the government can never hope to provide enough jobs to substantially reduce the unemployment rate. It can only try and given the kind of government we have in Nigeria, the trying will be most evident in their campaign manifestoes. We'll continue to search for the evidence in reality.

The only viable solution to this infernal problem is the massive engagement of the populace in rewarding entrepreneurship undertakings. Various NGOs and governmental organizations have made serious and continuous attempt to educate and reorientate the people on the possibility of a lasting solution to unemployment in the country through Entrepreneurship. The government even made a comic effort at integrating so-called entrepreneurship courses in the educational system. But like every other thing in the Nigerian Educational System, it is effusively theoretical and therefore grossly inefficient. The onus is therefore on private individuals and NGOs to correctly educate people on entrepreneurship.

In most cases, people (and organizations) rarely teach you more than the basics of Entrepreneurship;

Find your talent,
Look for opportunities to convert it to what people demand for,
Monetize your talent,
You may fail, but keep at it,
You'll eventually succeed no matter what it takes.

Or they'll just give you the age old cliché lines;

Do what you love( I love eating and sleeping),
Do it well,
And you'll make money.

The banality of these lessons is not even the problem, Entrepreneurship is all about spotting viable opportunities and exploiting them and no one can really teach you that, they can only try. The problem is that most of this Entrepreneurship orientation programs rarely emphasize the intensity of the problems encountered by entrepreneurs and how to deal with them. And Entrepreneurship is fraught with myriads of problems. Apart from the level of risk, excessive time demands, the shaky state of the economy, there's the ever present problem of Capital Acquisition. Most people who desire to go into Entrepreneurship are the unemployed and the underemployed. Getting capital for an entrepreneurial undertaking cpuld be very difficult for such people.

Yet, lack of access to sufficient capital is not the ultimate problem of prospective entrepreneurs.The major problem of prospective entrepreneurs in Nigeria is the Lack of Ideas. Oftentimes, it is desperation that pushes people towards Entrepreneurship, and not innovation. And that is really not ideal. Some would even have the capital and still be bereft of ideas on what to do with it. That is the nexus of entrepreneurial problems in Nigeria, and any attempt to educate people on Entrepreneurship should at least contain some elements that are specifically tailored to address this problem.

At this point, I'll leave you with this question;

If you had a reasonable level of resources, do you have a viable business plan in mind?.