Impact of small and medium enterprises on employment generation in Kaduna State Nigeria

Abstract

Aim/objectives: To examine the impact small and medium enterprises have on employment generation in Kaduna state, Nigeria and devise new ways in boosting employment generation by enterprises. Methods/Statistical analysis: Primary data is utilised with the help of a questionnaire; a survey is carried out from 5 selected SMEs having a sample size of 1,000 respondents with 200 respondents in each of the 5 selected SMEs. The variables in concerned were analysed using the Kaiser Varimax Rotation for factor analysis to show the correlation and level of significance exhibited. The SPSS software version 20 was used for this purpose. Findings: Findings in the study showed that there are disparities in the employment generation trends among the selected SMEs which are as a result of inequity in finance, policy discontinuity, insecurity, lack of awareness, ineffective market linkages, among others. The correlation matrix shows that the variables are seen to correlate at the minimum significance level thus proving our hypothesis of how significant the impact SMEs have on employment generation. Also the extraction values of all the variables are quite high indicating that they are good extraction values and as the acceptable cumulative % value is 60%, our eight variables used have been reduced to four factors which explain our total variance at a cumulative % of 69%; this clearly shown that 69% of the variance is explained by four (4) distinct factors. The result however showed that all the variables exhibit good relationship among each other which also implies that they have great impact on employment generation as their factor loading is very high. Novelty/Applications: Findings in the study will fill the gap in the literature of employment generation by small and medium enterprises and its outcome will pave way in facilitating new models in bolstering employment generation.

Is religion (interest) an impediment to Nigeria’s financial inclusion targets by the year 2020?

“…The MSMEs are believed to be contributing greatly to the economic growth and development of every economy. For a long time, SMEs are known to be instruments for economic growth and development; hence the World Bank Group concentrates on their development with the view to promoting employment generation, poverty eradication and economic growth (Shettima, 2017). The role of SMEs to economic development, poverty alleviation, provision of employment, output, innovation in technology and uplifting in social status and standard is well-known in both developed and developing economies (Eniola and Ektebang, 2014).…”

The Impact of the Human Capacity Building on Small and Medium Enterprises in Lagos, Nigeria

“…These institutions include SMEDAN, NEDEP, YOUWIN. These agencies apart from providing financial assistance, loans also provide capacity building for owners and managers of SMEs (Shettima, 2017). Federal Industrial Research, Oshodi (FIRO); Nigeria Small and Medium Enterprises, Equity Investment Scheme (SMEEIS), Industrial Development Centres (IDC).…”

IMPROVING THE PERFORMANCE OF MSMEs THROUGH INNOVATION, FINANCIAL LITERACY, AND DIGITALIZATION

“…On the digital platform, MSMEs not only survived but also grew (Tempo, 2021). Research by Shettima & Sharma (2012), Turais (2020) and Kawira et al (2019) stated that technology affected the performance of MSMEs, while the results of research done by Kagnew Abebaw (2018) and Ifeoma & Chikwado (2019) showed that technology did not affect the performance of MSMEs.…”

“…Performance can be defined as the result of the efforts made by the owners and managers of the company. There are many factors affect MSME performance, including product innovation (Rezaei & Ortt, 2018;Cho and Lee, 2018;Dahlan et al, 2023;Le et al, 2023a;Yaskun et al, 2023), financial literacy (Rumain et al, 2021;Rosliyati & Iskandar, 2022;Rahadjeng et al, 2023;Rofiqoh et al, 2023;Saskia et al, 2023) and technology utilization (Shettima & Sharma, 2012;Turais, 2020;Susilatri et al, 2022;Teng et al, 2022;Alsedrah, 2023;Haq & Huo, 2023). https://doi.org/10.…”