House of Representatives Approve New Entrepreneurship University in Lagos

The House of Representatives has taken steps to tackle the shortage of skilled workers in the country.

This follows the passage of a bill for the establishment of Entrepreneur University in Ibile, Ikorodu, Lagos.

The bill aims to enhance entrepreneurial education and harness the creativity of Nigeria’s youth.

Bill to Establish Entrepreneur University in Lagos

The bill, sponsored by Babajimi Benson and Paul Kalejaiye, representatives of Ikorodu and Ajeromi/Ifelodun Federal Constituencies respectively, was first read on June 30, 2024.

The proposal seeks to create opportunities for young people to receive education focused on entrepreneurship.

This university is intended to help boost the economy, reduce unemployment, and create job providers across Nigeria.

Addressing the Need for Entrepreneurial Skills

Speaking at the National Assembly Complex, Benson explained that Nigeria’s vast young population holds great potential for economic growth.

He emphasised the need for specialised institutions that will provide young people with the skills to become successful entrepreneurs.

The Entrepreneur University aims to foster creativity, business acumen, and innovation.

Benson stated that the main goal is to build an environment that develops entrepreneurial talent.

The institution will offer both practical and theoretical programmes in entrepreneurship and business management.

It will also promote a culture of creativity and innovation while supporting the growth of small and medium-sized enterprises.

The university will achieve this through mentorship programmes and incubation support for new ventures.

Benson believes the university will equip students with the skills needed to start and maintain their businesses.

This will help in reducing unemployment and boosting economic growth.

The Need for Specialised Education

Paul Kalejaiye, also supporting the bill, pointed out that conventional universities have not effectively met the skills needs of modern Nigeria.

He noted that many graduates lack the practical skills needed to be employable.

Kalejaiye stressed the importance of moving away from reliance on “white-collar” jobs, which are no longer as available as they used to be.

He argued that the Ibile Entrepreneurial University would focus on training students in skills they need from their first year to their final year.

This would include skill acquisition in commerce, industry, and other areas to help students set up businesses and become employers themselves.

Kalejaiye also mentioned that such an institution would address the problem of relying on unskilled workers, especially in technical fields like car repair.

A specialised university would produce individuals with proper training and skills, making them useful to both society and themselves.

Next Steps for the Entrepreneur University Bill

The House of Representatives plans to hold a public hearing on the bill.

This will allow stakeholders to provide input before the bill returns for a third and final reading.