Background of study
In many African countries, government has played a significant role in determine the course of national development since 1960 the Nigeria national development plans have laid great emphasis on public sector control of the economy Ezeife (1998) this trend has generally distinguished the government as a major investor in business which other wise should have been left to private investors the general was that the fastest route to development is government playing a leadership role in entrepreneurship development.
In Nigeria, until recently government has participated extensively in business activities making every one look unto it as the provider of employment and welfare UJAM (2001) many Nigerians as an alternative to government employment. However the economic down turn of the economy changed. This situation as unemployment heightened in the mid -1980s graduates and school leaves have now realized that the government is no longer ready to offer them employment hence the current gust for entrepreneurship development Ugbaja (2003) short of them selves into various entrepreneurial ventures.
The government has shown much concern about the unemployment situation and has set up many institutions to assist in creating favorable climate for entrepreneurship development in the country Aluko (2002) the Nation is now on the right part to entrepreneurship development in the 21st century with the ongoing privatization programmed. The new emphasis on self determination is in the line with current policy of promoting private sector dominance Nwatu (2003) to this and the government international agencies and non government organizations and the world bank are now showing concern for, and commitment to entrepreneurship development in Nigeria.
It is against this background that this study is set to examine the strategies’ for the impact of entrepreneurship skill in reducing youth unemployment as a panacea for unemployment reduction in Nigeria with a particular emphasis or Imo State.