Women Entrepreneurs in Small And Medium Enterprises (SMEs) And Sustainable Development: Evidence From Southwest Of Nigeria
Keywords:Sustainable Economic Development, Poverty Reduction, SMEs, Female Entrepreneurs
This study examines the role of women entrepreneurs in sustainable economic development. This study employs descriptive survey design while judgmental sampling technique was used to select five hundred and fifty (550) women entrepreneurs from three thousand eight hundred (3,800) women entrepreneurs that registered with Small and Medium Enterprises Development Agency of Nigeria in South-Western Nigeria. Mean, frequency, simple percentage, and Chi-Square were used to analyze data. Results indicate that the positive attitude of women towards entrepreneurship has improved the family standard of living, and the rate of poverty has reduced tremendously, while women's entrepreneurial activities have assisted in creating employment for youths. Therefore, the study recommends that the government should establish a financial institution that will provide interest-free loans to active, energetic women entrepreneurs rather than engaging in the "Trader-Moni scheme" by given interest-free loans to the selected market women across the country. Also, the government should put a policy in place that will ease cultural influence on women entrepreneurs and encouraging more women to start businesses in industries with greater growth potential.
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