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Indigeneous Financing; an Effective Strategy for Achieving the Entrepreneurial Objectives of SSEs

Moses, Chinonye, Love and Akinbode, Mosunmola and Obigbemi, Imoleayo F (2015) Indigeneous Financing; an Effective Strategy for Achieving the Entrepreneurial Objectives of SSEs. Journal of Entrepreneurship: Research & Practice.

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Abstract

This paper examines the effectiveness of Esusu scheme as a strategy for achieving the entrepreneurial objectives of SSEs using selected entrepreneurs in Ado-Odo Otta, Ogun State, Nigeria as a case study. The paper adopted an exploratory method of research design and empirical analysis. It reviews extensively literature on the subject and the results of the data analysis help us to draw conclusions and make recommendation. Structured questionnaire was used to collect data from sampled Small Scale Entrepreneurs who have been beneficiaries of the Esusu Scheme. The results reviewed that although most of the SSEs under our study are unorganized and not formally registered with the Nigerian Corporate Affairs Commission (CAC), the Esusu scheme has helped many of them to achieve their personal and business objectives. The study also identifies that lack of government involvement in the regulation of the scheme is a major challenge that affect the effectiveness of the scheme in Nigeria. Among others, the paper recommends the need for SSEs operators to be more organized, which will help create a platform to attract governmentintervention in terms of funding and regulation of the Esusu scheme in Nigeria.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Depositing User: Mr Adewole Adewumi
Date Deposited: 08 Jan 2016 17:12
Last Modified: 08 Jan 2016 17:12
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/5794

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