Imperatives of Small-Scale Businesses and Employment Generation in Uyo Local Government Area, Akwa Ibom state

The study investigated the relationship between small-scale enterprises and employment generation in Uyo Local Government Area, Akwa Ibom State. A cross-sectional survey research method was adopted for the study. A sample of 361 respondents was drawn from the population of 3725 using Taro Yamane’s scientific sampling formula. For the objectives of the study to be achieved, three hypotheses were formulated and tested. The study utilized a structured questionnaire as a major instrument for data collection. 361 questionnaires were distributed, and 334 were returned in usable form. Data collected were analyzed using simple percentages and regression. The results of the regression analysis indicated a positive relationship between the variables of small-scale enterprises and employment generation in Uyo, Akwa Ibom State. It was recommended that there should be simplified loan application processes and reduced collateral requirements for small scale enterprises to encourage access to funding, there should be government policies that promote and ensure regular maintenance of existing infrastructure to prevent deterioration and reduce disruptions to business operations, and there should be development of entrepreneurship and business management training programs tailored for small scale enterprise owners, covering essential skills like book-keeping, marketing and customer service.

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Publication Details

Journal
African Journal of Commercial Studies
Published
2024-10-11
DOI
https://doi.org/10.59413/ajocs/v5.i.4.1
Citations
2
Primary Topic
Taxation and Compliance Studies
Type
article
Field-Weighted Citation Impact
2.26
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article

Imperatives of Small-Scale Businesses and Employment Generation in Uyo Local Government Area, Akwa Ibom state

Udeme Anthony Abaikpa, Cornelia David Thomas, Udom Sunday Daniel, Oto-Obong Okon Akpan
2 citations
African Journal of Commercial Studies
Taxation and Compliance Studies
2.26
article

Imperatives of Small-Scale Businesses and Employment Generation in Uyo Local Government Area, Akwa Ibom state

Udeme Anthony Abaikpa, Cornelia David Thomas, Udom Sunday Daniel, Oto-Obong Okon Akpan
article en
2 citations

Abstract

The study investigated the relationship between small-scale enterprises and employment generation in Uyo Local Government Area, Akwa Ibom State. A cross-sectional survey research method was adopted for the study. A sample of 361 respondents was drawn from the population of 3725 using Taro Yamane’s scientific sampling formula. For the objectives of the study to be achieved, three hypotheses were formulated and tested. The study utilized a structured questionnaire as a major instrument for data collection. 361 questionnaires were distributed, and 334 were returned in usable form. Data collected were analyzed using simple percentages and regression. The results of the regression analysis indicated a positive relationship between the variables of small-scale enterprises and employment generation in Uyo, Akwa Ibom State. It was recommended that there should be simplified loan application processes and reduced collateral requirements for small scale enterprises to encourage access to funding, there should be government policies that promote and ensure regular maintenance of existing infrastructure to prevent deterioration and reduce disruptions to business operations, and there should be development of entrepreneurship and business management training programs tailored for small scale enterprise owners, covering essential skills like book-keeping, marketing and customer service.

African Journal of Commercial StudiesVol. 5(4)
Akwa Ibom State University (NG)
Openalex Percentile: Top 8%
Taxation and Compliance Studies
2.26
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