Addressing Unemployment challenge through micro and small enterprises (MSEs): Evidence from Nigeria

  • Received March 4, 2019;
    Accepted February 10, 2020;
    Published May 4, 2020
  • Author(s)
  • DOI
    http://dx.doi.org/10.21511/ppm.18(2).2020.08
  • Article Info
    Volume 18 2020, Issue #2, pp. 79-89
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This work is licensed under a Creative Commons Attribution 4.0 International License

This study examined the operational characteristics of MSEs and their contributions towards addressing the national challenge of unemployment. The research was based on Ado-Odo/Ota Local Government Area in Ogun State, Nigeria. The study employed descriptive analysis and Ordinary Least Square (OLS) regression technique in estimating the data obtained. The administration of questionnaire was applied to collect the data. The study found out that micro and small-scale enterprises contributed to economic growth through their operational activities, via the job creation in the economy. Thus, the study recommended that government policies should be put in place to encourage micro and small enterprises, and the provision of infrastructures, credit facilities, tax holidays, training program, amongst others, for MSEs. It was also recommended for funding agencies to consider the trends of practicing MSEs towards addressing critical economic and social issues such as job creation, in granting them funding facilities, in order to facilitate continuous participation in job creation among Nigerian MSEs.

Acknowledgment
The authors appreciate the Management of Covenant University for funding the publishing of this manuscript in this journal.

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    • Table 1. Socio-demographic characteristics of the respondents
    • Table 2. Profitability characteristics of enterprises surveyed
    • Table 3. Job creation in the enterprises surveyed
    • Table 4. OLS regression result
    • Formal Analysis
      Oluwatoyin Matthew, Romanus Osabohien
    • Methodology
      Oluwatoyin Matthew, Daniel E. Ufua, Romanus Osabohien, Oluwatosin D. Edafe
    • Supervision
      Oluwatoyin Matthew
    • Writing – original draft
      Oluwatoyin Matthew, Daniel E. Ufua, Tomike Olawande, Oluwatosin D. Edafe
    • Investigation
      Daniel E. Ufua, Tomike Olawande, Oluwatosin D. Edafe
    • Writing – review & editing
      Daniel E. Ufua, Romanus Osabohien, Tomike Olawande, Oluwatosin D. Edafe
    • Data curation
      Romanus Osabohien