How To Survive in Today’s Challenging Economy As a Student

How To Survive in Today's Challenging Economy

Nigeria’s economy and Africa’s economy presents numerous challenges, but it also offers opportunities for innovation and growth. As a student in secondary school, tertiary institution, or serving in the National Youth Service Corps (NYSC), it’s essential to remain hopeful and proactive. Here’s how you can blend education with entrepreneurship training to build a promising future:

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1. Stay Hopeful and Avoid Negative Temptations

In the face of economic difficulties, it’s easy to feel overwhelmed and tempted to engage in vices. (A good name is better than silver or gold).  However, resilience and a positive mindset are crucial. Remember, there’s always a way out, and turning to negative behaviors will only hinder your progress. Here are some tips to stay motivated:

  • Set Clear Goals: Define what you want to achieve both academically and entrepreneurially.
  • Seek Support: Surround yourself with like-minded individuals and mentors who can provide guidance and encouragement.
  • Stay Informed: Keep up with trends and opportunities in various industries.

2. Study Functioning Industries and Pursue Apprenticeships

Gaining practical experience through apprenticeships in thriving industries can provide invaluable skills and insights. Here are some key sectors to consider:

  • Healthcare: This sector is essential and always in demand. Look for opportunities in hospitals, clinics, and health tech companies.
  • Law: Understanding the legal landscape can be beneficial for any entrepreneur. Consider internships at law firms or corporate legal departments.
  • Food Distribution and Sales: This industry is vital and offers numerous entrepreneurial opportunities. Get hands-on experience in supply chain management, retail, and sales.
  • Retail Stores and POS Centers: Combining retail with financial services can be a lucrative venture. Learn the ropes by working in established stores.
  • Digital Literacy and Coding: In today’s digital age, tech skills are indispensable. Enroll in coding bootcamps or work with tech startups.
  • Entrepreneurship Training: Seek programs and workshops that focus on business planning, financial management, and marketing.
  • Public Speaking and Communication: Effective communication is key to any business. Join clubs like Toastmasters or take public speaking courses.

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Practical Steps for Combining Education and Entrepreneurship

  • Identify Your Interests: Determine which industry aligns with your passion and career goals.
  • Seek Apprenticeships and Internships: Approach companies in your chosen industry for apprenticeship opportunities. Use platforms like LinkedIn and Jobberman to find openings.
  • Leverage School Resources: Utilize your school’s career center, join relevant clubs, and participate in entrepreneurship programs.
  • Develop a Business Plan: Even as a student, start drafting ideas for potential businesses. Use resources from entrepreneurship courses to guide you.
  • Network Actively: Attend industry conferences, seminars, and workshops. Networking can open doors to mentorship and investment opportunities.
  • Stay Resilient and Adaptable: Economic challenges may require you to pivot and adapt your plans. Stay flexible and open to new opportunities.


foundation for their future. Despite the economic challenges, there are thriving industries and numerous opportunities to gain practical experience and develop entrepreneurial skills. Stay hopeful, avoid negative temptations, and actively seek out opportunities for growth and learning. With determination and the right approach, you can carve out a successful path in any economic climate.

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