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Small Scale Industries and Poverty Reduction in Ondo State, Nigeria

Journal of Economics and Business Research

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Title Small Scale Industries and Poverty Reduction in Ondo State, Nigeria
 
Creator Fatusin, Afolabi Francis
 
Description Ondo State of Nigeria is part of the National Millennium Goal of halving poverty by the year 2015. This paper examines the contribution of small scale industrial enterprises toward achieving this goal, relying on questionnaire which was administered on 353 proprietors and 706 workers randomly. Data were also collected from government agencies and organizations that were responsible for formulating and implementing policies on these categories of industrial establishments. These were analyzed using descriptive means. The study discovered substantial contribution of these enterprises to improvement in income, job creation and linkage with other enterprises, factors necessary for poverty reduction. It was also discovered that even the least proprietor earns an average of $2.8 per day (apart from profits which are mostly saved in cooperative societies and age grade associations) which is above poverty line. It also discovered a bias toward Ondo Central which is the most cosmopolitan region in the state in terms of the magnitude of these impacts at reducing poverty. The study concluded by recommending improved support by the government to grow the sector to further reduce poverty in the state.
 
Publisher Journal of Economics and Business Research
 
Contributor —
 
Date 2015-01-06
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.uav.ro/jour/index.php/jebr/article/view/434
 
Source Journal of Economics and Business Research; Vol 21, No 1 (2015): J of Economics & Business Research; 57 - 68
2069-9476
2068-3537
 
Language eng
 
Relation http://www.uav.ro/jour/index.php/jebr/article/view/434/pdf_150