EFFECTIVENESS OF SMALL SCALE BUSINESSES AS A TOOL OF ECONOMIC EMPOWERMENT IN ADAMAWA STATE, NIGERIA
Abstract
This study was aimed at assessing the effectiveness of the small-scale businesses as a tool of economic empowerment in Adamawa State. The study had three specific objectives, three research questions meant to answer the problem of the study and one hypothesis to be tested at 0.05 level of significance. Descriptive survey design was adopted. The population of the study is 1080 registered small-scale businesses which were drawn from 21 Local Government Area across the three senatorial zones in Adamawa State. A stratified proportional random sampling procedure was used to determine the sample of 285 for the study. A structured questionnaire and interview with 35 items was used and the data collected were analyzed using simple percentage and means, while the hypotheses were tested using regression analysis. The major findings of the study included the following: the Small-scale businesses have influence on economic empowerment in Adamawa State. The hypothesis was not retained. It was concluded that the small-scale businesses economically empowered people in both rural and urban communities and contribute to the overall development of Adamawa State. The major recommendations included the following; the loans given to small-scale business by either the government or private financial service providers do not reach to, or are inadequate for economic empowerment. Therefore, as a matter of policy, adequate loans with free interest should be given to them.
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