NETPRENEURSHIP AND SOCIO-ECONOMIC SECURITY OF YOUTH IN NIGERIA

Abstract

The study examined e-information service and socio-economic security of youths in Rivers State, Nigeria.  The study adopted Schumpeter’s discovery and opportunity theory of entrepreneurship (equilibrium destruction theory). The explanatory survey research design was adopted. The target population of this study was three thousand and five hundred (3,500) registered entrepreneurs engaged in e-information services across the twenty-three (23) Local Government Area in Rivers State, Nigeria. The sample size comprised of three hundred and forty-six (346) respondents. This was obtainable using the Krejcie and Morgan Sample Size Determination of 1970. Spearman Rank Order Correlation Coefficient was used for bivariate analyses. The findings revealed that netpreneurship positively influence social security of youths in Rivers State; The study concluded Rivers State youths who are e-information services providers (big data analysis service, plagiarism test services & cybercafé services ), tends to promote socio-economic security in terms of social security (reduction in rape, kidnapping, restiveness & drug abuse), financial security (steady income generation, income multiplicity, ample saving culture &sufficient emergency fund balance) and job security (self employment, provision of job for others, youth engagement & reduction of youth street idling). The research therefore, recommended that government should encourage youths who are e-information service provider by supplying them with steady power supply.