Poverty Reduction in Awka Metropolis: The Role of Entrepreneurship Productivity
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Abstract
The study examined the contribution of entrepreneurship productivity towards poverty reduction using trading SMEs in Awka South as cases of reference. Specifically, the study determined the extent to which entrepreneurial education, entrepreneurial skill acquisition and entrepreneurial innovation affect poverty reduction. Descriptive survey research design was deployed in the study. Primary data were collected using a structured questionnaire administered on a sample size of ninety-nine (99). The reliability of the questionnaire was established using Cronbach alpha statistic. Hypotheses testing was conducted with the aid of Spearman Ranked Order Correlation Coefficient at 5% level of significance. The results of the analysis revealed that: entrepreneurial education significantly contributes to poverty reduction among selected SMEs in Awka South (rho = 0.589, p-value = 0.000); entrepreneurial skill acquisition significantly influences poverty reduction among selected SMEs in Awka South (rho = 0.733, p-value = 0.000); and entrepreneurial innovation significantly helps in poverty reduction in Awka South (rho = 0.591, p-value = 0.000). Among others, it was recommended that the Anambra state government should invest more in massive entrepreneurial skill acquisition in order to help the citizens to learn various aptitudes that will enable them to be self-reliant.
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Meshack, A., Marcus Garvey Orji, & Nworie Gilbert Ogechukwu. (2022). Poverty Reduction in Awka Metropolis: The Role of Entrepreneurship Productivity. Economit Journal: Scientific Journal of Accountancy, Management and Finance, 2(4), 244-262. https://doi.org/10.33258/economit.v2i3.794
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References
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Shehu, B. (2021). Analysis of entrepreneurship development and employment generation in Nigeria: a study of national directorate of employment generation. Journal of Entrepreneurship & Organization Management, 10(6), 1-7.
Shettima, M., Sharma, N. & Banerji, P. (2020). Impact of small and medium enterprises on employment generation in Kaduna State Nigeria. Indian Journal of Science and Technology, 13(22), 2229-2236.
Steven, S., Ahlstrom, D., Jiang, W. & John, C. (2020). Business, entrepreneurship and innovation toward poverty reduction. International Journal of Entrepreneurship & Regional Development, 32(1-2), 1-20.
Sukkar, A. & Menna El-Hady (2021). Importance of small and Medium Enterprises sector in developing countries. American International Journal of Business Management, 4(8), 111-118.
Tavis, D.J (2016). Mature regionalism and the genesis of functional projects: educational regionalism in small and micro states. Journal of Globalization, Societies and Education 15(1), 1-17.
Umaru, H. & Ibrahim, A. N. (2019). Entrepreneurship as a viable tool for poverty reduction in Nigeria. International Journal of Commerce and Management Research, 5(1), 5-12.
Yamane, T. (1967). Statistics: An Introductory Analysis, 2nd Edition, New York: Harper and Row.
Zikmund, W.G (2013). Business Research Methods, Orlando: Dryden Publications.
Abd, A. M., Mahrani, S. W., Hajar, I. & Zainuddin, S. (2016). Effect of entrepreneurship on poverty reduction. Proceedings of 82nd The IIER International Conference, Bandar Seri Begawan, Brunei, 15th-16th December 2016.
Abubakar, S. G. (2012). Entrepreneurship, public policy and poverty reduction in Nigeria. International Journal of Business and Social Research, 2(2), 158-169.
Abul, B. B., Hussain, M. D. & Rosni, B. (2014). Entrepreneurship development and poverty alleviation: an empirical review. Journal of Asian Scientific Research, 4(10), 558-573.
Adenuga, O., Kowo, S. & Sabitu, O. (2019). The role of SMEs development on poverty alleviation in Nigeria. Insights into Regional Development, 1(3), 214-226.
Agri, E. M., Dalut, A. N. & Odey, F. A. (2017). Promoting entrepreneurship for poverty reduction and sustainable development in Nigeria. Journal of Business Management and Economics, 8(1), 38-46.
Anekwe, R. I. & Ndubuisi-Okolo, P. (2018). Effect of entrepreneurship development on poverty alleviation in Nigeria. Journal of Business and Management, 20(2), 80-87.
Bužavaitė, M., Ščeulovs, D. & Korsakienė, R. (2019). Theoretical approach to the internationalization of SMEs: future research prospects based on bibliometric analysis. Entrepreneurship and Sustainability Issues 6(3), 1297-1311.
Dialoke, I., Onyi, A. J. & Edeh, F. O. (2017). Entrepreneurship and poverty reduction in nigeria: empirical analysis of Industrial Layout Coal Camp, Enugu-State, Nigeria. Journal of Educational Policy and Entrepreneurial Research, 4(3), 115-130.
Emerole, G. A., Ibeh, G. O. & Sampson, C. J. (2016). Effect of human capital development programmes in optimizing employees performance: a study of Abia State House of Assembly, Nigeria. Singaporean Journal of Business Economics and Management Studies, 5(4), 1-12.
Eneji, M. A., Dom, O. Y. & Odey, F. A. (2019). Entrepreneurship, inclusive growth and poverty reduction in Nigeria. International Journal of Economics and Management Studies, 6(8), 162-173.
Ezeanyeji, C. I., Imoagwu, C. P. & Ejefobihi, U. F. (2019). Entrepreneurship development and poverty reduction in Nigeria: the Synergy. International Journal of Economics, Commerce and Management, 7(4), 584-599.
Halim, M., Abul, B., Jamaliah, S. & Hussain, A. (2017). Entrepreneurship education is the key contrivance of poverty alleviation: an empirical review. Journal of Business and Management, 1(1), 32-41.
Ibitoye, O., Atoyebi, K. O. & Sufian, J. B. (2015). Entrepreneurship and poverty reduction in Nigeria: an empirical analysis. Journal of Business and Management, 17(3), 16-19.
John-Akamelu, C. R. & Muogbo, U. S. (2018). Role of small & medium enterprises in poverty eradication in Nigeria. European Journal of Research and Reflection in Management Sciences, 6(2), 33-49.
Lame, S. M. & Wan, F. W. (2015). Poverty reduction in Nigeria: the role of entrepreneurship education. Journal of Education and Literature, 3(2), 63-71.
Mohammed, U. D. & Ndulue, I. T. (2017). Impact of social entrepreneurship on poverty reduction in Nigeria: a Study of Wecyclers Social Entrepreneurship Ltd. International Journal of Development Strategies in Humanities, Management and Social Sciences, 7(3), 63-73.
Oba, U. O. & Onuoha, B. C. (2013). The role of small and medium scale enterprises in poverty reduction in Nigeria: 2001 – 2011. International Multidisciplinary Journal, 7(4), 1-25.
Odhong, A. E., Were, A., & Omolo, J. (2014). Effect of human capital management drivers on organizational performance in Kenya. A case of investment and mortgages bank ltd. European Journal of Business Management, 2(1), 341-356.
Odhong, E. A., & Were, S. (2013). Human Capital Management as a tool for value creation, in proceedings of First SHRD Annual Research Conference, 12th and 13th September, Nairobi, Jomo Kenyatta University of Agriculture and Technology main campus.
Ogunjimi, J. A. (2021). Role of SMEs in tackling unemployment in Nigeria. Journal of Economics and Sustainable Growth, 4(1), 74-93.
Okoye, P. V. C. & Ezejiofor, R. A. (2013). Effect of human resources development on organizational productivity: a study of ministry of finance and economic development, Awka. International Journal of Academic Research in Business and Social Sciences, 3(10), 250-268.
Olaore, O., Adejare, O. & Udofia, E. (2020). The gains and pains of small and medium-scale enterprises (SMEs): the way forward for entrepreneurship development in Nigeria. Rajagiri Management Journal, 15(1), 53-58.
Oluremi, J.O. (2021) Impact of entrepreneurship development on employment generation in Nigeria. Journal of Global Economics and Business, 2(5), 131-149.
Ozobu, O.R., Sofoluwe, K.B. & Omole, J.J. (2011). Possession of marketable skill by students in institutions of learning in Nigeria School: a step towards national sustainable development. Proceeding of international Conference on science Culture and sustainable Development.
Shehu, B. (2021). Analysis of entrepreneurship development and employment generation in Nigeria: a study of national directorate of employment generation. Journal of Entrepreneurship & Organization Management, 10(6), 1-7.
Shettima, M., Sharma, N. & Banerji, P. (2020). Impact of small and medium enterprises on employment generation in Kaduna State Nigeria. Indian Journal of Science and Technology, 13(22), 2229-2236.
Steven, S., Ahlstrom, D., Jiang, W. & John, C. (2020). Business, entrepreneurship and innovation toward poverty reduction. International Journal of Entrepreneurship & Regional Development, 32(1-2), 1-20.
Sukkar, A. & Menna El-Hady (2021). Importance of small and Medium Enterprises sector in developing countries. American International Journal of Business Management, 4(8), 111-118.
Tavis, D.J (2016). Mature regionalism and the genesis of functional projects: educational regionalism in small and micro states. Journal of Globalization, Societies and Education 15(1), 1-17.
Umaru, H. & Ibrahim, A. N. (2019). Entrepreneurship as a viable tool for poverty reduction in Nigeria. International Journal of Commerce and Management Research, 5(1), 5-12.
Yamane, T. (1967). Statistics: An Introductory Analysis, 2nd Edition, New York: Harper and Row.
Zikmund, W.G (2013). Business Research Methods, Orlando: Dryden Publications.