Circular economy and entrepreneurship development in nigeria

The transition from linear to circular economy and its associated opportunities for entrepreneurship development and job creation have not been adequately embraced in Nigeria. The concept (circular economy) has not been sufficiently researched and in effect, opportunity potent for jobs in the industry has not been adequately exploited. The aim of the study was to examine the technical skill in circular economy as a strategy for entrepreneurship development towards job creation in Nigeria. To achieve the objectives, survey research design was adopted.Proportionate random sampling technique on purposive approach was employed to select 300 respondents from three different sectors of the recycling industry (i.e. informal sector, formal sector, and government agencies) in Lagos State, Nigeria. A questionnaire tagged (Circular Skill and Job Creation) was used as instrument for data collection. The Psychometric Properties (Validity and Reliability) of the instruments was tested with Factor Analysis and Cronbach Alpha respectively. Data collected were analysed with regression analysis at 5% level of significance. The result revealed that there is significant positive relationship between technical skills in recycling activities and job creation for Nigerian youths with correlation coefficient of O.97 (P-value = 0.00< 0.05. It was therefore concluded that technical skill in circular industrial activities will facilitate empowerment of youths towards job creation and economic sustenance. The study recommended that government should partner with NGOs and private agencies to promote activities in the recycling industry.