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Economic Empowerment and the Socio-Economic Challenges Facing Women Entrepreneurs in the South-West Nigeria an Empirical Study

Moses, Chinonye, Love (2011) Economic Empowerment and the Socio-Economic Challenges Facing Women Entrepreneurs in the South-West Nigeria an Empirical Study. The Abuja Management Review, 6 (2). pp. 66-76. ISSN 1596-6666

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Abstract

The impact of women entrepreneurs on economic development of both developed and developing economies have been viewed as significant. However, their contributions have been retarded due to some socio-economic challenges they face in their businesses. Different agencies both local and international have made commendable efforts towards alleviating these challenges through different instruments. Among others, the researcher sees empowerment as an important tool for solving the challenges facing women entrepreneurs. This study therefore focuses on the place of empowerment on solving the socio-economic challenges women entrepreneurs face in business using South- West Nigeria as a case study. Primary data were obtained through questionnaire. A sample size of 4 7 4 women entrepreneurs were randomly selected for the administration of the questionnaires in the South- West Nigeria. Regression model as a statistical tool was used in analyzing the hypothesis. The results revealed that women entrepreneurs' major constraints are mainly lack of access to finance, information and capacity building. Among other things, the study recommended that the government should enhance women entrepreneurs' access to micro credit and establish agency that will specialize in organizing regular training and workshop programmes for women entrepreneurs. This will help to create awareness on the need to have more women actively involved in entrepreneurial development and also equip active women entrepreneurs with financial and managerial skills required for their effective business operation

Item Type: Article
Uncontrolled Keywords: Entrepreneurship, Women Entrepreneurs, Socio-economic Challenges and Empowerment
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HF Commerce
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Depositing User: Mr Solomon Bayoko
Date Deposited: 07 May 2014 16:10
Last Modified: 19 Feb 2016 08:32
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/2551

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