Impact of Small and Medium Scale Enterprises on Poverty Alleviation in Kwara State, Nigeria

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dc.contributor.authorOsemene, O. F
dc.contributor.authorSalman, R. T
dc.contributor.authorKolawole, K. D
dc.date.accessioned2018-03-16T07:26:18Z
dc.date.available2018-03-16T07:26:18Z
dc.date.issued2017-05
dc.description.abstractSmall and medium scale enterprises (SMEs) are the mechanism propelling economic growth and development mitigating poverty in many countries of the world. Despite accounting for more than 95% of productive activities, SMEs contribution to the Nigeria’s gross domestic product (GDP) is below 10%. The rates of poverty and unemployment remain very high in the country. In view of this, this study examines how SMEs contribute to poverty alleviation and reduction in Kwara State. The study employed primary data through the administration of questionnaire from a sample of 100 small and medium scale enterprises. A probit regression was used to shed light on the impact of income generated by owners of SMEs on poverty alleviation in Nigeria. The results of the regression analysis revealed that income generated by owners of SMEs impacts strongly on poverty alleviation in Kwara State. The study therefore, recommends that small and medium scale enterprises owners should seek and maintain sufficient funds at a lower interest rate for the smooth operation of their businesses.en_US
dc.identifier.citationOsemene, O.F., Salman, R. T., & Kolawole, K. D. (2017). Impact of Small and Medium Scale Enterprises on Poverty Alleviation in Kwara State, Nigeria. The Pacific Journal of Science and Technology, 18(1), 174-182.en_US
dc.identifier.urihttp://hdl.handle.net/123456789/117
dc.language.isoenen_US
dc.publisherAkamai University, USAen_US
dc.relation.ispartofseries18;1
dc.subjectSMEsen_US
dc.subjectsmall-scale enterprisesen_US
dc.subjectmid-scale enterprisesen_US
dc.subjectpovertyen_US
dc.subjectunemploymenten_US
dc.subjectincomeen_US
dc.subjectKwara Stateen_US
dc.subjectNigeriaen_US
dc.titleImpact of Small and Medium Scale Enterprises on Poverty Alleviation in Kwara State, Nigeriaen_US
dc.typeArticleen_US

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