Authors :
Sherifat Omolabake Ahmed; Sule Magaji; Abdullahi Idris Ahmad; Amina Abdullahi Yunusa
Volume/Issue :
Volume 9 - 2024, Issue 3 - March
Google Scholar :
https://tinyurl.com/3ue3v924
Scribd :
https://tinyurl.com/y39ppxht
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24MAR1610
Abstract :
The study evaluated the influence of small and
medium-scale firms on the empowerment of women in
Oyo state. Based on the findings, the average age of the
women in the sample for this study is 40 years. They
qualified NCE/OND and were sole proprietors involved in
agriculture, with an average of 10 years of operation.
Furthermore, most respondents agreed that their
involvement in SMEs has positively impacted their
personal savings or financial stability. They also believe
that government policies and support systems will
effectively promote their savings through SMEs in the
study area. The respondents concluded that SMEs
contribute to the improvement of financial literacy.
Additionally, because of their involvement in SMEs,
women utilise their savings for specific purposes, such as
education, healthcare, or investments. They also agreed
that participating in SMEs has economically and socially
empowered them. Furthermore, it was observed that the
respondents had experienced economic challenges and a
decline in their financial situation. Furthermore, it is
disclosed that a significant proportion of the participants
generate their money from salaries and wages and have
witnessed an enhancement in their living conditions. The
study highlights the crucial significance of small and
medium-sized enterprises (SMEs) in advancing women's
empowerment in Oyo State. To fully acknowledge the
diverse advantages obtained from SME involvement, it is
crucial to provide further assistance and cultivate a
conducive atmosphere for these businesses. This
encompasses granting financial resources, implementing
specialised training programmes, improving connections
to the market, and developing regulations that promote
the expansion and long-term viability of small and
medium-sized enterprises (SMEs). As a result, this will
enhance the positive influence of SMEs on women's
empowerment in the region.
Keywords :
SMEs, Empowerment, Women Empowerment, Economic Empowerment, Asset, Savings, Binary Logit.
The study evaluated the influence of small and
medium-scale firms on the empowerment of women in
Oyo state. Based on the findings, the average age of the
women in the sample for this study is 40 years. They
qualified NCE/OND and were sole proprietors involved in
agriculture, with an average of 10 years of operation.
Furthermore, most respondents agreed that their
involvement in SMEs has positively impacted their
personal savings or financial stability. They also believe
that government policies and support systems will
effectively promote their savings through SMEs in the
study area. The respondents concluded that SMEs
contribute to the improvement of financial literacy.
Additionally, because of their involvement in SMEs,
women utilise their savings for specific purposes, such as
education, healthcare, or investments. They also agreed
that participating in SMEs has economically and socially
empowered them. Furthermore, it was observed that the
respondents had experienced economic challenges and a
decline in their financial situation. Furthermore, it is
disclosed that a significant proportion of the participants
generate their money from salaries and wages and have
witnessed an enhancement in their living conditions. The
study highlights the crucial significance of small and
medium-sized enterprises (SMEs) in advancing women's
empowerment in Oyo State. To fully acknowledge the
diverse advantages obtained from SME involvement, it is
crucial to provide further assistance and cultivate a
conducive atmosphere for these businesses. This
encompasses granting financial resources, implementing
specialised training programmes, improving connections
to the market, and developing regulations that promote
the expansion and long-term viability of small and
medium-sized enterprises (SMEs). As a result, this will
enhance the positive influence of SMEs on women's
empowerment in the region.
Keywords :
SMEs, Empowerment, Women Empowerment, Economic Empowerment, Asset, Savings, Binary Logit.
