WOMEN ENTREPRENEURS AND SOCIO-ECONOMIC GROWTH IN NIGERIA

ATTENTION:

BEFORE YOU READ THE ABSTRACT OR CHAPTER ONE OF THE PROJECT TOPIC BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!

INFORMATION:

YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COSTS N5,000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR YOU CAN CALL: 08068231953, 08168759420

WHATSAPP US ON 08137701720

WOMEN ENTREPRENEURS AND SOCIO-ECONOMIC GROWTH IN NIGERIA

CHAPTER ONE

INTRODUCTION

1.1 Background to the study

Increasing the number of women entrepreneurs involved in starting new businesses is critical for a country’s long-term economic growth (GEM 2000). In addition to their economic and income-generating activities, women assume multi-faceted roles in society, i.e. as unpaid family workers, service providers in the communities and mother/care-taker of the family In spite of their important contributions to socio-economic development; women suffer from various constraints, which inhibit them from fully realizing their potential for development (UNIDO 2003).

Africa has enormous unexploited potential, especially the potential of women. Specifically, it pointed out that women comprise one of Africa’s hidden growth reserves, providing most of the region’s labor, but their productivity is hampered by widespread inequality in education as well as unequal access to land and productive inputs (World Bank report 2000). African women entrepreneurs follow a path that is in most cases different from entrepreneurial activities in the developed countries of the West in an attempt to find an African answer to the applicability of models and theories developed in other parts of the world. In Africa, Many women tend to be in small sector microenterprises, mainly in the informal sector. It is inappropriate and undesirable for Africa to import entrepreneurial techniques wholesale from developed countries (SAMEN 2005).

Women in traditional African economy form the primary producers especially in agriculture, food processing including both the preservation and the storage of products and that of marketing and trading surpluses of other vital household items. “Women are also involved in other activities such as weaving, spinning and several handicrafts, while the predominant role of men in the corresponding period was hunting” (Kpelai, 2009:145). This roles played by women were more entrepreneurial oriented. However, the advent of modern development has relegated the role of women in entrepreneurship to the background while portraying their male counterpart to lime light.Women, according to Jeminiwa (1995), are at the heart of development and economic growth as they control most of the non-monetary economy (subsistence agriculture, bearing children, domestic labour, and so on) and play an important role in the monetary economy as well (trading, wage, labour, employment among others). As Nigeria yearns for economic growth, emphasis must be laid on entrepreneurship. Some entrepreneurial programs already embarked upon by the Federal Government of Nigeria include: Family Economic Advancement Program (FEAP), Peoples Bank of Nigeria, National Economic Empowerment and Development Strategy (NEEDS), Small and Medium Enterprises Development Agency (SMEDAN), Small and Medium Industries Equity Investment Scheme (SMIEIS) and so on are all targeted towards promoting a vibrant entrepreneurial class that will actively articulate the economic development process. However, women are not specially targeted; but it was presumed that the extension of these services to the rural areas where women dominate in economic activities will empower them. In spite of these entrepreneurial programmes aimed at developing Nigerians entrepreneurial skills, women are still vulnerable and suffer a lot of constraints and inhibitions which militate against their personal as well as national development. Rural women according to Jeminniwa (1995), are getting poorer and further marginalized both in the utilization of available resources and access to factors of production. The Abuja Declaration on Participatory Development holds that: “Sustainable development can only be achieved with the full participation of women who constitutes approximately 50% of the population” (Iheduru, 2002). Since women form a great percentage of the Nigeria population,(FGN Census, 2006) they are expected to contribute their quota to the growth of the nation. The neglect of women in the development process constitutes a waste of human resources. Therefore for any meaningful economic growth to take place, the role of women entrepreneurs must be constructively engaged. While the status of women in the developed and developing parts of the world has greatly risen, women remain the most economically and socially marginalized group of the undeveloped world.

1.2 Statement of Problem

In the global economy women are an emerging force that policy makers cannot afford to ignore. What are the implications of this for businesswomen throughout the world, How can women business associations best channel this potential and maximize it to improve the status of women in the world economy? (Susanne E. Jalbert 2000). Increasing entrepreneurship among women and providing needed capital to women entrepreneurs are decisive components in Africa’s long-term struggle for prosperity. These are deserving of the attention and widespread support of world leaders, the development institutions whose actions they influence, and the private sector (World Bank report 2000).

Topic of women in entrepreneurship has been largely neglected both in society in general and in the social sciences Brush (2002) In-depth information on the share of women as owners of micro, small and medium enterprises, the area of concentration, challenges, and opportunities and strengths and weaknesses of their economic associations and networking is limited.

Given the achievement and increase role of Nigeria women entrepreneurs in the development of Nigeria there are still problems and achievements that need to be investigated and this study attempts to identify achievement and problems within women entrepreneurs in Nigeria, despite all these constraints, women in Nigeria are key players in economic and social development.

1.3 Objective of the Study

The objectives of the study were categorized as general and specific objectives as shown below:

General objective

This main objective of the study is on the Effect of women entrepreneur development on economy development in Nigeria.

Specific objectives are:

To identify impact of women entrepreneurs development on Nigeria economic development.
To determine the challenges faced by women entrepreneurs and how they are addressed.
To investigate the contribution of women entrepreneurs to economic development of Nigeria society.
To propose and give recommendations for the promotion of women entrepreneurship development in Nigeria.

1.4 Research Questions

The following research questions were formulated to guide the study:

What are the impacts of women entrepreneurs’ development on Nigeria economic development?
What ate the challenges faced by women entrepreneurs and how they are addressed?
What are the contributions of women entrepreneurs to economic development of Nigeria society?
What are the recommendations for the promotion of women entrepreneurship development in Nigeria?

1.5 Research hypothesis

The following alternate and null research hypotheses were formulated to guide this study.

H₀: There is no significant impact of women entrepreneur development on the economic development of Nigeria.

H₁: There is a significant impact of women entrepreneur development on the economic development of Nigeria.

1.6 Significance of the Study

The lack of gender statistics in various areas makes evidence-based planning and Resource allocation difficulty (NISR; 2010). According to OECD (2004), while without a doubt the economic impact of women is substantial, we still lack a reliable picture, describing in detail that specific impact.

The study will give detail information for people interested in improving their knowledge about women’s performance in Nigerian economy on characteristics of women entrepreneurs in Nigeria (age, marital status, income, Number of children, Education,..) that will enlighten the Nigerian society more about the role of women in socio-economic development and it will alert planners on the current situation of women entrepreneurs in Nigeria by providing update information and analysis from the state of women entrepreneurship in expo 2017.

After investigating the problems of women entrepreneurs in Expo 2017 organized by Nigeria private sector federation, the study will give recommendations and solutions to some problems hindering the development of women entrepreneurship.

1.8 Scope of the Study

This study covered An Analysis of Effect of women entrepreneur development on economy development in Nigeria. The study aimed at discovering all information related to the impact of women entrepreneurs on the economic development of Nigeria by using questionnaire on a sample of 60 women entrepreneurs in Nigeria.

The research findings will be generalized in the country situation so that to give suggestion and recommendation relating to the development women entrepreneurs development.

1.9 Organization of the study

The study is composed of five main chapters

Chapter one is the General introduction of the study, with a brief description of the background to the study followed by the statement of the problem, Research objectives, Research Questions, Research hypothesis, significance of the study, scope of the study and finally the organization of the research.

Chapter two is the literature review it provides the background and context for the research problem. It should establish the need for the research and indicate that the writer is knowledgeable about the area.

Chapter three is the methodology adopted in the study. It contains area and scope of the study, study population, sample, sample size and selection of respondents, sources of data, data collection and entry methods.

Chapter four analyses and interpretation of the findings this chapter will deal with research findings and interpretations of results.

Chapter five conclusion and recommendations.

HOW TO RECEIVE PROJECT MATERIAL(S)

After paying the appropriate amount (#5,000) into our bank Account below, send the following information to

08068231953 or 08168759420

(1) Your project topics

(2) Email Address

(3) Payment Name

(4) Teller Number

We will send your material(s) after we receive bank alert

BANK ACCOUNTS

Account Name: AMUTAH DANIEL CHUKWUDI