The objective of this study was to assess the role of Micro, Small and Medium Enterprise as an instrument of human capital development and poverty reduction in the Bwari Area Council of Nigeria. The study was a survey research sampling the opinion of 184entrrepreneurs in the Area Council. Their opinion was collected using a structured questionnaire. The data obtained was analysed by tabulation and percentages, and the formulated hypotheses tested using Kendal coefficient of concordance method. The findings revealed that MSMEs contributes to human capital developments and is a strategy for eradication of poverty, because it creates jobs for people, and improves their standard of living; and MSMEs contributes to increase in income level of people in the area. The study concluded that MSMEs functions as a nursery for developing entrepreneur talent, and therefore recommended among others that, Government procurement policy that supports locally produced goods and services especially of small and medium size enterprises must be implemented, to help improve the activities of MSME in Bwari Area Council, so as to reduce poverty among the populace. Also more infrastructures should be provided by Bwari Area Council Administration. When basic infrastructures are provided, the entrepreneurs and MSMEs will be motivated to take advantage of such amenities, expand their operations, employ more hands, and reduce unemployment and poverty.
The objective of this study was to assess the role of Micro, Small and Medium Enterprise as an instrument of human capital development and poverty reduction in the Bwari Area Council of Nigeria. The study was a survey research sampling the opinion of 184entrrepreneurs in the Area Council. Their opinion was collected using a structured questionnaire. The data obtained was analysed by tabulation and percentages, and the formulated hypotheses tested using Kendal coefficient of concordance method. The findings revealed that MSMEs contributes to human capital developments and is a strategy for eradication of poverty, because it creates jobs for people, and improves their standard of living; and MSMEs contributes to increase in income level of people in the area. The study concluded that MSMEs functions as a nursery for developing entrepreneur talent, and therefore recommended among others that, Government procurement policy that supports locally produced goods and services especially of small and medium size enterprises must be implemented, to help improve the activities of MSME in Bwari Area Council, so as to reduce poverty among the populace. Also more infrastructures should be provided by Bwari Area Council Administration. When basic infrastructures are provided, the entrepreneurs and MSMEs will be motivated to take advantage of such amenities, expand their operations, employ more hands, and reduce unemployment and poverty.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.