House of Representatives Approve New Entrepreneurship University in Lagos. The House of Representatives has taken a significant step toward addressing the skills gap in Nigeria by moving a bill to establish an Entrepreneur University in Ibile, Ikorodu, Lagos.
This initiative aims to boost entrepreneurship, create jobs, and support youth skills development across the country.
Overview of the Bill
The bill, sponsored by Babajimi Benson and Paul Kalejaiye, who represent the Ikorodu and Ajeromi/Ifelodun Federal Constituencies, respectively, was first read on June 30, 2024. The proposal is designed to provide young people with specialized education in entrepreneurship, helping to stimulate the economy, reduce unemployment, and foster job creation.
Importance of Entrepreneurial Education
During discussions at the National Assembly Complex, Benson highlighted the vast potential of Nigeria’s youth population for driving economic growth. He underscored the necessity for specialized institutions that equip young people with the entrepreneurial skills needed for success.
The Entrepreneur University aims to:
- Foster creativity, business acumen, and innovation.
- Create an environment that nurtures entrepreneurial talent.
- Offer both practical and theoretical programs in entrepreneurship and business management.
- Promote a culture of innovation while supporting the growth of small and medium-sized enterprises (SMEs) through mentorship and incubation support for new ventures.
Benson emphasized that equipping students with the skills to launch and sustain their businesses would be crucial in reducing unemployment and fostering economic growth.
Addressing the Need for Specialized Education
Kalejaiye echoed these sentiments, noting that traditional universities often fail to meet the practical skills demands of the modern Nigerian workforce. Many graduates lack the necessary hands-on skills for employment. He argued that the Ibile Entrepreneurial University would focus on training students in relevant skills from their first year to graduation, including:
- Skill acquisition in commerce and industry.
- Practical training to help students establish their own businesses.
Kalejaiye also pointed out the importance of reducing dependence on unskilled workers, particularly in technical fields like car repair. A specialized university would ensure that graduates are adequately trained and equipped to contribute positively to society.
Next Steps for the Bill
The House of Representatives is set to conduct a public hearing on the bill, providing an opportunity for stakeholders to share their insights before it returns for a third and final reading. This engagement will be crucial in shaping the future of the proposed Entrepreneur University and ensuring that it meets the needs of Nigeria’s youth and economy.
The establishment of the Entrepreneur University represents a promising initiative to enhance entrepreneurship education in Nigeria, supporting the development of a skilled workforce capable of driving economic progress.
