Youths in Business Forum

Report
Of

One Day Youth in Business Forum for Youths of Itaogbolu and Iju Communities
Of
Akure North LGA, Ondo State

Organized by
Youngstars Foundation, Lagos
And
Facilitated by
Olusola Bamidele George
African Citizen’s Empowerment Foundation, Akure, Ondo State

August 12th, 2011
Report of Youth in Business Forum held at Assemblies of God Church, Itaogbolu on August 12h, 2011

Background
Youngstars Foundation a not-for-profit and pro-active organizations in Nigeria initiated the Youths in Business National Survey and summit 2011. The purpose of the youth in Business is to enable youths organize and unite to push for sound economic policies and programs that are more pro youth especially in relation to the needs and potentials of young people in business.
The facilitator of the Youths in Business (Olusola Bamidele George) with technical and financial support from Youngstars Foundation organized one day Youths in Business Forum for youths from two selected communities of Itaogbolu and Iju in Akure- North local government area of Ondo State
A. OFFICIAL WELCOME AND OPENING REMARK

The Youths in Business forum started with an opening prayer by Jonah Origa at about 9.00a.m, after which the facilitator welcomes the participants to the forum.
The purpose of the Youths in Business forum which was to “ unite youths across Nigeria to push for sound economic policies and programs that are more pro youth linked to the needs and potentials of young people in business.
The facilitator further advices the participants not to betray the confidence imposed in them by their communities; and they should be ready to participates effectively in all the sessions of the forum
In response, the participants assure the organizer and facilitator of the forum of their co-operation and active participation in the forum sessions.
B. INTRODUCTION AND ICEBREAKERS
Each participant was asked to mention his/her name, their community and kind of business they do
C. TESTIMONIES
The testimonies on how youths in business are faring was a very interesting, informative and educative aspect of the forum. A total of four (4) youths volunteered and shared their experience,
Olabisi Ayeni poultry farmer worked with his sister who was into poultry farming for a year to gain experience and skills in poultry farming. The experience gained helped him to start a small poultry farm with N5, 000 which was used to buy drinkers, feeders, drugs, chicken feeds and 200 day old chicken, the business has grown big with 3 staff and different type of chickens such as layers, cockerels and broilers
Adesola Kayode a barber served as an apprentice for 3 months with her former boss, and encourages other youths to develop interest in what ever business they are doing, as this is the only thing that can keep them moving and succeed in their business venture. He started his barbing saloon with N20, 000 using a small space provided by his parent at the front their house.
Olawunmi Ajewole advised youths to go into shoe selling business because it is easy to start and started her own business with as little as N600 in the year 2008, and her business has grown into a capital of N40, 000 which now enable her to take her wares to neighboring markets for sales
Jonah Origa a welder by profession started his business with N120, 000and linked his success in business to determination and being focused. The business has grown with 5 apprentices, capital equipments and a good customer base
D. PRESENTATION
The presentation was an eye opener to many of the participants as the contributions of small and medium enterprises in nation building and youth development were highlighted and discussed.
Some of the contributions of SME on nation building and youth development mentioned and discussed are;
1. The growth of national income
2. Generation of employment opportunities for school leavers
3. Production of high quality locally manufactured goods and services thereby reducing demands for imported goods and services
4. To increase youth involvement in business and nation building
5. The establishment of a pool of technical expert with skills in the management of business
Overview of Small and medium scale enterprises
The need to educate the participants to recognize the services and impacts of agencies established to support small and medium enterprises in Nigeria was imperative. Small and Medium enterprises development association of Nigeria (SMEDAN) was one of the agency discussed during the forum. The purpose and benefits of establishing SMEDAN were discussed in detail
The various sources of information on business and entrepreneur opportunities, and type of information needed by youths that operates small and medium enterprises were also discussed. The type of information discussed with the participants are ;
1. Information on capital equipments needed to start a business
2. Information on manpower
3. Information on legal requirement
4. Lenders requirement
5. Information on competitors etc

• D2. ENERGIZER
To ensure that participants are alert and refresh, energizers such as exercises was used during the forum
E. Group Discussion and Outcomes
There were a total of 32 youths in business from the two communities and 1 facilitator, list of the participants are attached to the report but only 25 participants participate in the group discussion
GROUP DISCUSSION GUIDELINES
 Have good understanding of group assignment
 Documents outcome of group discussion for presentation to the plenary
 Ensure active participation of all members in the group
 During presentation in plenary listen carefully to establish validity and completeness of group outcomes.

Group 5 Outcomes
Question 1. What are the three key challenges youths face in starting their businesses
The challenges mentioned by participants of this group are;
1. Capital
2. Poor management skills
3. Inconsistence and non-dedication to the business
4. What and how to produce
Question 2. What do you think the present government can do to support young people business to grow and expand
The following were the suggestion made by the group;
1. Government should provide loan and subsidize materials or equipments used in production of goods and services
2. Government should organize youth empowerment programmes
3. Provide training
4. Dissemination of information
Question 3; What can young people themselves do to facilitate the growth and development of youths in business in the Country
The group responses are;
1. Young people should organize business orientation for other young people
2. Youth should have full interest in what they do
3. Determination is part of those criteria a youth needed for the growth and development of other youths
4. Respect for the customer are also needed from the youth to fast track their business
Group 4
Question 1. What are the three key challenges youths face in starting their businesses
The participate sof group 4 mentioned the following;
1. Lack of experience in the business
2. Lack of interest in the business
3. Lack of focus on the business
4. Lack of knowledge and skills
Question 2. What do you think the present government can do to support young people business to grow and expand
The following were the suggestion made by group 4 participants;
1. Government should provide loan facilities
2 Provide training
Question 3; What can young people themselves do to facilitate the growth and development of youths in business in the Country
The group responses are;
1. Organize workshop for Young people to educate them
2. Organize advocate visits to government for support for youth in business
3. Exploring new methods to improve youths in business
Group 3
Question 1. What are the three key challenges youths face in starting their businesses
The challenges mentioned by participants of this group are;
1. Money
2. Lack of experience
3. Change of government and government policies
4. Changing of environment
Question 2. What do you think the present government can do to support young people business to grow and expand
The following were the suggestion made by the group;
1. Loan facilities
2. Reduction of tax and other levies
3. Sales of capital equipments at reduce price
Question 3; What can young people themselves do to facilitate the growth and development of youths in business in the Country
The group responses are;
1. Advice other Young people to start small business
2. Provide moral support to Youths
3. Establish a network of youth in business
Group 2
Question 1. What are the three key challenges youths face in starting their businesses
Responses of group 2 are;
1 Lack of knowledge and understanding about the business
2 Lack of Capital
3 No preparation of feasibility study before starting a business
Question 2. What do you think the present government can do to support young people business to grow and expand
The following were the suggestion made by group 2;
1. Government should provide training on starting and managing a business
2. Provision of loan facilities
3. Government should establish a arm that will provide mentoring support for youth in business
Question 3; What can young people themselves do to facilitate the growth and development of youths in business in the Country
The group responses are;
1. Young people should educate each other
Group 1
Question 1. What are the three key challenges youths face in starting their businesses
The challenges mentioned are;
1. Capital
2. The problem of land and location of the business
3. Lack of working equipments
Question 2. What do you think the present government can do to support young people business to grow and expand
The following were the suggestion s made by the group;
1. Government should provide loan facilities
2. Government should organize training programmes
3. Provision of equipment sfor youths in business
4. Government should help those that are ready to go into business with grants or loan
Question 3; What can young people themselves do to facilitate the growth and development of youths in business in the Country
The group responses are;
1. Young people should be focus and be determine to work together as a group
2. To provide technical supports to other youths
3. Link up with agencies that provide entrepreneur training and services

F. CLOSING FORMALITIES
At the close of the forum, the facilitator thanked all the participants for coming to the forum. The participants in return through Jonah Origa expressed their sincere appreciation to the gracious hospitality and excellent forum arrangements made possible by the organizer (Young stars Foundation)

The closing prayers was said by Olawunmi Ajewole at about 1.01p.m and a group photograph was taken to round up the forum

Youths in Business Forum

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