1. ENTREPRENEURSHIP INITIATIVE FOR
AFRICAN YOUTH
PRESENTS
PARTNERSHIP ACTION FOR YOUTH ENTERPRISE DEVELOPMENT
PROJECT P.A.Y.E.D.
TM
Entrepreneurship Initiative for African Youth
Building Young Entrepreneurs…Transforming Africa’s Economy
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2. YOUTH DEMOGRAPHY
AFRICA
Recent survey indicates that young Africans aged between 15 and 25 represent more
than 60 per cent of the continent’s total population and account for 45 per cent of the
total labour force. Unlike other developing regions, sub-Saharan Africa’s population is
becoming more youthful, with youth as a proportion of the total population projected
at over 75 per cent by 2015, due to the high fertility rate underlying the demographic
momentum. It is expected that this increase in the number of young people will not
decline before 20 years or more.
The United Nations (UN, 2010) estimates that Sub-Saharan Africa’s population of
currently 820 million will more than double to almost 1.7 billion by 2050 increasing
from its current share of 12% of the world population to 19% in 2050.
As a consequence of the ongoing strong population growth, Africa has an extremely
young population and a population pyramid that still deserves the name.
In addition to its youth, Africa’s population is increasingly urban
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3. NIGERIA
According to the calculations of the Next Generation Report 2010 by British
Council Nigeria, Nigeria needs to create 15 million new jobs over the next ten
years just to keep employment at current levels. If Nigeria aims to halve
unemployment, it will need to create 24 million new jobs, expanding the
labour market by almost 50%. If unemployment is to be brought to 7% by
2030, the labour market needs to nearly double in size, creating almost 50
million jobs.
young Nigerians are increasingly frustrated by their lack of opportunities, and
there are signs of new movements emerging to campaign for change. The
next generation can make a huge contribution to Nigeria's future, but if its
potential is not harnessed, it will become an increasingly disruptive force.
Many young people have little or no skills, lack of access to finance and
networking opportunities; and are therefore largely excluded from productive
economic and social life.
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4. NIGERIA
If Nigeria fails to collect its demographic dividend, the
seriousness of the country's predicament should not be
underestimated. Its prospects will be bleak and could be
catastrophic.
In the worst case, Nigeria will see: growing numbers of
restless young people frustrated by lack of opportunity;
increased competition for jobs, land, natural resources,
and political patronage; cities that are increasingly unable
to cope with the pressures placed on them; ethnic and
religious conflict and radicalisation; and a political system
discredited by its failure to improve lives.
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5. BEYOND THE HOMOPHOBIA
All over the world, entrepreneurship has
been recognized as a key to addressing
youth unemployment.
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6. BEYOND THE HOMOPHOBIA
AFRICA
We must start from the simple premise that
Africa’s future is up to Africans. (Barrack Obama
in Ghana 2009)
According to Ghanaian economist George Ayittey
Africa is emerging into a new generation, for
which is coined the term ‘Cheetah generation’, is
emerging among urban educated youths. They
are entrepreneurial, vocal and dislike corruption.
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7. BEYOND THE HOMOPHOBIA
NIGERIA
Nigeria urgently needs to develop a thorough action plan
for its next generation. At present, policymakers are faced
with a dearth of robust data on the country's future
challenges. Better evidence is needed to inform more
farsighted policies. (Next Generation Report 2010)
Without remedial action, the crisis in the job market will
worsen rapidly as growing numbers of young Nigerians
enter the workforce. Nigeria needs to create almost 25
million jobs over the next ten years if it is to offer work to
new entrants, and halve current unemployment. 7

8. PROJECT P.A.Y.E.D.
TM
MEANS
“RIGHT SOLUTION @ THE
RIGHT TIME”
More young people means more opportunity !!!
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9. FIVE PILLARS OF PROJECT
P.A.Y.E.D.
TM
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10. IMPACT OF PROJECT P.A.YE.D.
TM
AFRICA
 At least 200,000 inspired young entrepreneurs
will be birthed and/or empowered annually
across Africa through practical entrepreneurship
training (21st century skills) and access to capital
for their businesses
 At least one million jobs will be created for young
Africans annually
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11. NIGERIA
 Empower 18,500 young entrepreneurs
annually in Nigeria through practical
Entrepreneurship Education & training
 11,100 young entrepreneurs access capital to
start and/or grow their businesses annually
in Nigeria
 At least 92,500 jobs will be created for
youths annually in Nigeria
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12. About EIFAY
VISION:
Is to raise twenty first century young entrepreneurs that will
transform African economy
MISSION:
To explore strategic partnerships and other innovative
approaches towards addressing youth unemployment in
Africa through providing unique opportunities for the youth
to actively participate in economic transformation of Africa
CORE VALUES:
□Teamwork □Research driven □Innovation □Partnership
□Passion =TRIPP
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13. EIFAY PROGRAMMES
 Partnership Action for Youth Enterprise Development
(Project PAYED)TM
 African Network of Young Entrepreneurs
 Young Entrepreneurs Learning Platform
 Girls in Risk Learning & Studies (Project Girls Africa)
 Youth Entrepreneurship Summits/ Conferences (Zonal,
national, regional and continental)
 Resource mobilization, expanded business
opportunities etc for young African entrepreneurs
TM
 Students Entrepreneurship Program (STEP)
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14. FINAL WORD
To realise the dream of an African Renaissance, the
entrepreneurial energies of young Africans, should be
harnessed to contribute towards economic development,
job creation and the alleviation of poverty
Barack Obama in Ghana (2009): “The 21st century will be
shaped by what happens not just in Rome or Moscow or
Washington, but by what happens in Accra, as well.”
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15. HAPPY PARTNERSHIP WITH
PROJECT “P.A.Y.E.D.” !!!
TM
THANK YOU
Emmanuel Acha
Executive Director,
Entrepreneurship Initiative for African Youth
wwww.youthenterpriseafrica.org
info@youthenterpriseafrica.org
+234 803 375 1328
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