Vol 7, No 1

Table of Contents

Articles

Impact of Entrepreneurship on Poverty Alleviation PDF
R.O. Kareem
This study is on the impact of entrepreneurship on poverty alleviation. The objectives are to: describe the socio-economic characteristics of the respondents in the study area; determine the relationship between entrepreneurship and poverty alleviation; and offer recommendations base on research findings with a view to reducing poverty through entrepreneurship in the State and Nigeria in general. The study adopted non parametric method of analysis which involves Chi-Square method, descriptive statistics and correlation analysis to achieve the stated objectives. The study revealed that majority of the respondents (Entrepreneurs) are male, still in their active age and  most of them are still single; majority of the respondents have BSc/HND and majority having less than 5 years of experience in entrepreneurial ventures. Majority of the respondents (entrepreneurs) preferred salary/paid job to being an entrepreneur and majority of the respondents are into entrepreneurship because of lack of job opportunities and personal interest made it easy for the entrepreneurs to start their businesses. Likewise, high proportion engaged in so many entrepreneurial activities with most earning less than N5,000.00 per week as income. Meanwhile, majority of the respondents opined that multiple taxes by the local, state and federal governments is the problem that they are encountering in their businesses. However, majority of the respondents suggested that another way of alleviating poverty is through job creation in government ministries.It was concluded that there is significant relationship between entrepreneurship and poverty alleviation at 1% probability level.

Non-compliance and Challenges of Implementing IFRS in Saving and Credits Cooperative Societies (SACCOS) in Shinyanga Region – Tanzania PDF
Richard Msuya, Grace Maleko

This study investigated the extent of IFRS compliance and challenges face SACCOS in compliance with IFRS in Tanzania particularly in Shinyanga region. The study was motivated by fact that, since 2004 when Tanzania adopted IFRS to date, cooperative stakeholders are complaining on inability of SACCOS to comply with IFRS. The study used a case study design whereby seven SACCOS were selected from Shinyanga Urban and three SACCOS were selected from Shinyanga Rural, making a total of ten SACCOS surveyed by the study. A total of 80 respondents were selected with each SACCOS being represented by eight respondents.

The findings show that there is a high rate of noncompliance of IFRS in SACCOS. Some of the challenges hindering SACCOS to comply with IFRS include; lack of professional accountants, lack of awareness on IFRS requirements, poor legal support, financial constraints and complexity of IFRS.

To overcome these challenges, the study recommends the following: the NBAA should establish an awareness programme on IFRS, empower COASCO to conduct monitoring activities on IFRS compliance in SACCOS and encourage SACCOS to employ professional accountants. On other hand, training institutions like MUCCoBS should prepare manuals on IFRS compliance in SACCOS to help SACCOS’ staff and members to be conversant with IFRS. Furthermore, the government should establish a legal framework which compels SACCOS to comply with IFRS.

The Relevance of Business Planning Document for Small and Medium Scale Enterprises in Tamale Metropolis, Northern Ghana PDF
Jochebed Abbrey, Daniel A. Bagah, Joseph K. Wulifan

It is conventional  wisdom  that  new  businesses  be  planned  prior  to  their  start-up hence  prospective  business  founders  are  generally  advised  to  develop  formal  plans  of their  proposed  ventures. A business plan that serves as a blueprint or road map that provides direction and increases the firm’s chances for survival and success is thus essential. According to Kraten and Kenneth (2010), a business planning document represents “a nuts-and-bolts document” that clearly demonstrates that the business operator prepared to operate the business from day one. Andualem (1997) asserts that SMEs with regards to Ghana comprise activities that are independently owned and operated; managed by the owner; have a small share of the market; and employ 6-49 employees.

This study investigated the impact of a business planning document on the growth of small scale businesses. Basically, the researcher chose the survey strategy in line with the observation that it is possible to use survey approaches within either a qualitative or quantitative research strategy. All the 50 respondents chosen purposively from the target population responded to the survey questionnaires.

The study found that business planning influences the success or survival of SMEs. Also SMEs Enhance poverty alleviation, Improve per capita income, Enhance the quality of lives, Encourage technological innovations, Enhance export promotion, Enhance GDP growth, Encourage entrepreneurship, Accelerate employment generation, Ensure inter- and intra-regional decentralization, Serve as a countervailing force against the economic power of larger firms, Accelerate the achievement of wider socio-economic objectives, as well as Serve as cornerstone for socioeconomic growth and stability.

Women Participation in Cooperatives – Challenges and Prospects. The Case of Selected Saccos and Amcos in Kilimanjaro and Arusha Regions Tanzania, East Africa PDF
Grace Maleko, Richard Msuya

A Cooperative is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically controlled enterprise. In Tanzania, cooperatives are associated with the introduction of cash crops especially coffee, cotton and tobacco.  The cooperative organizations first started in 1925 in Kilimanjaro area where the indigeneous people organized themselves to form the Kilimanjaro native Planters Association (KNPA) to solve their coffee production and marketing problems.

Cooperatives have a key role to play as they are able to respond to both women’s practical and strategic needs by providing access to income generating activities as worker owners.  Women contribution in national development has been a feature which is hardly given the recognition it deserves.  We have observed that in most cases their role has been relegated to the subservient tasks of domestic chores.  Such occurrences take place notwithstanding the very important role women have played in food production, income generation and the management of resources.

From experience in many countries of Africa and Tanzania is no exception, the issue of women’s participation in development activities can no longer be considered merely as a matter of welfare.  There is recognition among development experts that women are central participants in the socio-economic development process.  There is therefore a growing consensus that women’s greater involvement in all aspects of development programmes is extremely important for the rational utilization of development resources which has hitherto remained under estimated and neglected.  A lot therefore remains to be done in order to involve women effectively into co-operative development.  However the opportunities for improving women’s position and the potential for co-operatives to contribute to such a process do exist.  (Solomon, 1998 Chambers, 1993).

The present situation of co-operatives is marked by a number of serious problems which threaten the existence and the economic survival of co-operatives.  Although co-operatives, like other private organizations are gaining independence from state interference as a result of Liberalization and privatization, they need to improve their economic performance for the benefit of their members and for their own survival.

When the Problem Was How to Manage Financial Windfalls: Issues of Public and Private Sector in Nigeria PDF
Olatunji Eniola Sule, Sarat Iyabo Amuni
The study looked at what financial windfall is all about as well as the legal perspectives and the constitutional framework of managing such fund in Nigeria.  The study went further to looked at the reasons behind the clash of interest of the private and public sector of the economy on the management of the financial windfall.  The possible effects of financial windfall on the economy and; finally, proffer suggestions and ways towards effective and efficient management of such financial windfall.



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