THE United Kingdom, UK, is a nation of small businesses. In the UK, there are more than 12.5 million small businesses employing half the workforce and accounting for half the turn over. The Federal Government should take a cue from the UK by paying serious attention to small and medium enterprises. Nigeria, the Giant of Africa, has a population of about 220 million people with more than 250 ethnic groups.
At this juncture, let me pose a question: why is it that our economy is in a comatose state? To answer this question, let us take a trip down memory lane. Recall that between 1950 and 1969, the country was divided into four regions namely: The Western Region, the Midwestern Region which was carved out from the old Western Region, the Eastern Region and the Northern Region. Agriculture was the backbone of our economy then.
There is a universally accepted format for developing a policy. It consists of five stages namely: policy formulation stage, planning stage, implementation stage, monitoring stage and evaluation stage. When the government wants to solve a particular problem, it will initiate a policy. For instance, there is the problem of youth unemployment. This is considered to be a serious problem in the sense that the youths constitute nearly 65% of the nation’s population.
In carrying out the Needs Assessment the following questions must be asked: who is a youth? What categories of youths are we supposed to train? Which areas are they supposed to be trained? Who is going to handle the training? Is the training going to be done locally or overseas? What will be the duration? Who will be responsible for the cost? How are the trainees going to be empowered financially? It is also important that the objectives of the policy be clearly stated and well spelt out.
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