Women Entrepreneurship and Poverty Alleviation: A Critical Assessment of SMEs Sustainability in Anambra State, Nigeria

Author

Dike, Goodfaith Nnenna (Ph.D)

Chukwuemeka Odumegwu Ojukwu University, Igbariam Campus

[email protected]

08066522776

Full-text

Abstract

Research Objectives: The study investigated women entrepreneurship and poverty alleviation: a critical assessment of SMEs sustainability in Anambra state, Nigeria. Two specific objectives were formulated which were to determine the effect of, access to funding and networking opportunities on poverty alleviation. 

Methodology: Relevant literature on women entrepreneurship and poverty alleviation were reviewed under the conceptual review, theoretical framework, theoretical exposition and empirical review. The research was anchored on socio-economic theory. Survey research design was adopted. The population of the study was 1326 employees. The statistical formula devised by Borg and Gall (1973) was employed to arrive at a sample size of 255. Pearson product moment correlation coefficient formula was used to test the hypotheses. 

Findings: The result of the hypotheses shows access to funding opportunities has a significant positive effect on SMEs sustainability in Anambra state, Nigeria with tcal= 3.053 > ttab=2.35. Networking opportunities has a significant positive effect on SMEs sustainability in Anambra state, Nigeria with tcal= 3.36 > ttab=2.35. 

Conclusion: The study concluded that women entrepreneurship development plays a critical role in poverty alleviation. 

Recommendation: The study recommended that government, non-profits organizations and private and corporate organizations should provide several grants programs aimed at empowering women entrepreneurs, providing them the necessary resources to start and grow their businesses.

Key words: Women Entrepreneurship, Poverty alleviation, Access to funding, Networking opportunities.

References

Agbionu, C.U., Olulana B.S. and Agbodike, F. (2018).Women Entrepreneurship and Poverty Alleviation in Nigeria.  www.wwjmrd.com. International Journal Peer Reviewed Journal Refereed Journal Indexed Journal Impact Factor MJIF: 4.25 E-ISSN: 2454-6615

Ahmad, H.M. and Naimat, S. (2011). Networking and women entrepreneurs: Beyond patriarchal traditions. African Journal of Business Management Vol. 5(14), pp. 5784-5791, 18 July, 2011 Available online at http://www.academicjournals.org/AJBM DOI: 10.5897/AJBM11.227 ISSN 1993-8233 ©2011 Academic Journals.

Akande O.O, James, Mutiat Temitayo. (2022). Women Entrepreneurship Development and Poverty Alleviation: Experience from Nigeria Small and Medium Enterprises.  African Multidisciplinary Journal of Development (Amjd) Vol.11, Issue 3, 2022.

Akpor-Robaro, M.O.  and Afolabi, T.S. (2024). Women Entrepreneurship and Poverty Alleviation among Low income Families in Developing Societies: An Empirical Evidence from Nigeria.  International Journal of Religion 2024 Volume: 5| Number 10 | pp. 2409 – 2427 ISSN: 2633-352X (Print) | ISSN: 2633-3538 (Online) ijor.co.uk.  DOI: https://doi.org/10.61707/earp0159.

Besher, F. (2022).Challenges and Prospects of Women Entrepreneurship in Micro and Small Enterprises the Case of Debark Town. International Journal of Inspiration, Resilience & Youth Economy (IJIRYE).

Brixiová, Zuzana; Kangoye, Thierry (2019): Networks, Start-up Capital and Women’s Entrepreneurial Performance in Africa: Evidence from Eswatini, GLO Discussion Paper, No. 431, Global Labor Organization (GLO), Essen.

Cooper, S, Hampton, A & McGowan, P. (2009). ‘Female Entrepreneurial Networks and Networking Activity in Technology-based Ventures: An Exploratory Study’, International Small Business Journal, vol. 27, no. 2, pp. 193-214. https://doi.org/10.1177/0266242608100490

Egwu, J.U. and Ugwuala, U. (2019). Women Entrepreneurs and Economic Development in Nigeria. International Digital Organization for Scientific Research ISSN: 2550-7974 IDOSR Journal of Arts And Management 4(2): 116-130, 2019 

Hossain, A., Siddique, Z.R. and Al Jamil, A. (2018).  Factors Affecting Women Involvement as Entrepreneur in SMEs Sector, Economic Development and Its Impact on Poverty Reduction in Bangladesh.  Business, Management and Economics Research ISSN(e): 2412-1770, ISSN(p): 2413-855X Vol. 4, Issue. 5, pp: 51-65, 2018 URL: http://arpgweb.com/?ic=journal&journal=8&info=aims

Idigo, F.C. (2021).  Female Entrepreneurship, Credit Access and Firm’s Performance In Nigeria. Master’s thesis is presented as the final work requirement for completing the master program in business within the specialization in innovation and entrepreneurship at Nord University, Bodø.

Igwebuike, J. and Barnabas, E. (2018). Effect of Women Entrepreneurship on Poverty Reduction in Awka, Anambra State. Bingham Journal of Economics and Allied Studies (Bjeas) Vol. 1 No. 1 June, 2018

Jali, S., Tengeh, R.K., & Makoza, F. (2023). Developing women entrepreneurs through guided and funded business start-ups in South Africa. Journal of Economic Development, Environment and People, 8(2). doi: 10.26458/jedep.v12i3.809.

Kolawole, R. & Fakokunde, T.O. (2021). The Role of Female Entrepreneurship Skills Development in the Eradication of Household Poverty in Nigeria.  LWATI: A Journal of Contemporary Research, 18(2), 147 -165, 2021 ISSN: 1813-222.

Latif, A., Nazar, M., Shah, N. and Shaikh, M. (2011). Women Entrepreneur in Small Medium Enterprises (SMEs) and their Contribution on Sustainable Economic Development in Sindh. www.ccsenet.org/jsd Journal of Sustainable Development Vol. 4, No. 4

 Ndaghu, J.T., Augustine, M.V., Wajiga, H. & Yole, D.M. (2022).  Women Entrepreneurs and Sustainable Economic Development: A Systematic Review Approach. International Journal of Advanced Academic Research | ISSN: 2488-9849 Vol. 8, Issue 1 (January, 2022) | www.ijaar.org.

Okafor, I. D. & Muogbo, U.S. (2023). Women Entrepreneurship and Poverty Reduction amongst Women Basket Weaving in Ihiala Local Government Area. Academia Networks International Journal of Management Studies, 8(4): 174-191 ISSN: 6722-219X. July, 2023, DOI: 26044295521848. 

Oladejo, L.G. (2016).Women Entrepreneurship as a Panacea to Poverty Alleviation in Dutsin-Ma Local Government Area, Katsina State, Nigeria. International journal of advanced studies in business strategies and management.

Oluwatoyin, M. (2020). Nigerian Women Entrepreneurs’ Strategies for Financial Inclusion: A Generic Qualitative Inquiry. Walden Dissertations and Doctoral Studies Collection.

Olusanya, S.O., Sufian, J.B., Adegoriola, A.E., Gaddafi, I.M. Ibrahim, K.K., and Ifegwu, I.J. (2023). Impact of Women Entrepreneurs on National Development in Nigeria: A Case Study of Women Entrepreneurs In Lagos State. Journal of Economics, Management & Social Science Volume 9 No.1 March

Oke, D.F. (2013).The Effect of Social Network on women Entrepreneurs in Nigeria: A case study of Ado- Ekiti Small scale Enterprise. International Journal of Education and Research Vol. 1 No.11.

Onoshakpor, C., Cunningham, J. And Gammie, E. (2021). Critical analysis of female entrepreneurship and access to finance in Nigeria. Presented at 2021 Institute for Small Business and Entrepreneurship (ISBE): bridging enterprise, policy and practice: creating social and public value, 28-29 October 2021, Cardiff, UK.

Sule M., Ibrahim M., Abdullahi I. A. (2024), Impact of Small and Medium-Scale Enterprises on Women’s Empowerment in Nigeria. British Journal of Management and Marketing Studies 7(2), 83-98. DOI: 10.52589/BJMMS-YUD5Z0I0

Tijjani, S.T., Pulka, B.M. and Muazu, m.h. (2020). FEMALE ENTREPRENEURS AND SOURCES OF FINANCE FOR BUSINESS START-UP AND GROWTH IN NIGERIA. Journal of Resources & Economic Development (Vol.3, No.1 2020), University of Maiduguri 

Umar, L. (2020).  Female Entrepreneurs and Financial Capital In Developing Economies: The Case Of Nigeria. International Journal of Economics, Business and Management Research Vol. 4, No. 09; 2020 ISSN: 2456-7760.

Welsh, D.H.B., Kaciak, E., Koladkiewicz, I., Memili, E., Iyer, L., & Ramadani, V. (2021). The impact of networks on value co-creation for women-owned businesses. European Journal of International Management, 16(3), 473-498. DOI: 10.1504/EJIM.2020.10017390