Effect of Small and Medium Scale Financing on Entrepreneurial Development in Delta State (Published)
The main objective of this study is to examine the effect of small and medium scale financing on entrepreneurial development in Delta State. Three objectives to ascertain the effect of household income on entrepreneurial development; to examine the impact of thrift savings on entrepreneurial development and to determine the effect of loans on entrepreneurial development guided the study. The cross sectional survey research design method was employed. The geographical area for this study was the south-south region in Nigeria. The participants of the study were 215 entrepreneurs in south-south region in Nigeria. The non-probability sampling method was used because the population was large and not easily accessible and the researcher had no control over it. The research instrument was a 16-item validated structured questionnaire, the item measures were based on a five-point likert scale. Primary data were used since data were collected directly from entrepreneurs in south-south region. Data obtained were analyzed using correlation and regression. Findings from multiple regression analysis revealed that household income has significant positive effect on entrepreneurial development (β = .158, P<0.01). The findings also revealed that user thrift savings has significant positive relationship with entrepreneurial development (β = .123, P <0.01).Thus Government should come out with a clear policy on SMEs. There should be a firm choice between state sponsorship without control, autonomy of SMEs without assistance and state sponsorship with control. SMEs are still in their infancy in Nigeria and must therefore be sponsored without government control.
This study investigates the relationship between Entrepreneurship Development and employment reduction in Anambra State, Nigeria. The research focused on youths of five selected Local Government Council of Anambra state, Nigeria. Data were collected using questionnaire from an infinite population of the selected Local Government Council. Samples of 30 youths were drawn from the population of each Local Government through a convenience sampling technique. A total of 150 youths were sample for the study. However, four hypotheses were tested; the first, second and third hypotheses were designed to investigate the relationship between Entrepreneurship training and unemployment reduction; the relationship between Entrepreneurship traits and unemployment reduction; and the relationship between Entrepreneurship empowerment and unemployment reduction respectively. The fourth hypothesis was on the examination of entrepreneurship challenges affecting unemployment reduction. The test conducted shows that the variables in Ho1, Ho2 and Ho3 were significantly and positively related and Ho4 was also significant. The study recommended that Government should strive to reduce the cost of doing business in Nigeria. Unemployed youths in Anambra State should also be strengthened to embrace entrepreneurship devoid the imitation and vocational inclinations.