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Investigating The Relationship Between Entrepreneurship Development And Poverty Reduction In Rural Communities In Edo State Nigeria

Journal: International Journal of Technology Enhancements and Emerging Engineering Research (IJTEEE) (Vol.3, No. 9)

Publication Date:

Authors : ; ; ; ;

Page : 112-120

Keywords : Keywords Entrepreneurship Initiative Rural Communities Edo State Poverty Scientific Package on Social Science SPSS.;

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ABSTRACT This paper investigates the relationship between entrepreneurship development and poverty reduction in rural communities in Edo State Nigeria. Taro Yamanis statistical technique was used to calculate the sample size of the population. Stratified random sampling was used to distribute the survey questionnaires out of the 215 questions distributed to the respondents only 211 were completed and returned back for data analysis. SPSS version 20 software were employed using Analysis of Variance ANOVA to analyze the data and compare different population of mean existing within the groups and between the groups at five point-likert scale of strongly agreed agree undecided disagree and strongly disagree. The result of analysis revealed that F- calculated 1270.644 is greater than F- tabulated 2.53 thereby rejecting the null hypothesis and accepts the alternative hypothesis that there is significant relationship between entrepreneurship development initiative and poverty reduction in the rural areas in Edo State Nigeria. The result of study also showed that entrepreneurship initiative has translated positively towards poverty reduction in rural communities through jobs creation development of rural areas establishment of small and medium size enterprises youth empowerment through soft loan provided by federal government of President Good Luck Jonathans You-Win Program among others. The following recommendations were made government of Nigeria should strengthen macroeconomic policies such as judiciary to prosecute corrupt government officials that loot government treasury. Secondly government abandoned project should be recycled and resuscitated to avoid huge waste of resources and time wasted. Thirdly there should be need for both government and private sector partnership through Private-Partnership Project PPP to complete most abandoned government projects such as skills and acquisition centres. This will help to achieve greater sustainability and economic growth in the country.

Last modified: 2015-11-13 19:01:11