Impact of Entrepreneurship on Poverty Alleviation

R.O. Kareem

Abstract


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.

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