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Article
Publication date: 1 January 2004

Atsede Woldie and Adebimpe Adersua

This paper highlights the position and role of female entrepreneurs in the economic development of Nigeria, In the past, the significant contribution of women in sustaining…

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Abstract

This paper highlights the position and role of female entrepreneurs in the economic development of Nigeria, In the past, the significant contribution of women in sustaining socio‐economic wellbeing of their families has been neglected and taken for granted by the society as a whole. This has resulted not only in gross underestimation of women's socio‐economic contribution to the economy, but also in the under‐utilisation of women's tremendous socio‐economic potentials in the Nigerian business environment. The aim of this research is to examine these and other related questions using literature search, questionnaire survey and structured interviews with businesswomen in Nigeria. The research result has indicated that the greatest challenge for Nigerian women in business is being taken seriously by their male counterparts, as well as in society as a whole. The greatest reward of business ownership for women is in gaining control over their own working lives.

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International Journal of Social Economics, vol. 31 no. 1/2
Type: Research Article
ISSN: 0306-8293

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Book part
Publication date: 13 March 2023

Ayedun Taiwo

Women's contributions to socio-economic development of many developed and developing economies have improved substantially over the years. However, women participation in economic…

Abstract

Women's contributions to socio-economic development of many developed and developing economies have improved substantially over the years. However, women participation in economic development and contributions to Gross Domestic Product (GDP) are still inadequate as a result of insufficient access to finance to enhance their business performance and other challenging factors such as infrastructure, government policy and enabling business environment. This study aimed to examine the financing issues faced with female entrepreneurs in Nigeria in terms of supply side finance gap that hinders their performance. Other specific objectives are to: establish reasons for external source of finance; identify various financial options available for female-owned businesses in Nigeria; investigate the effect of financial options on the performances of female-owned businesses in Nigeria. Survey research design was employed with administration of structured questionnaire on nine hundred and seventy five (975) female entrepreneurs of selected Micro Small and Medium Enterprises (MSMEs) from the population of nine million, six hundred and two thousand, two hundred and forty nine (9,602,249). Data analysis was carried out using descriptive statistics (frequency, percentages, mean, standard deviation) and inferential statistics of regression analysis. Results of the regression analysis at 5% significant level using two-tailed test for all the variables of financial options displayed significant effects on the performance of female businesses in Nigeria. It was recommended that more female-owned businesses should take the advantage of these financial options to enhance business performance as only 38% of them have successfully utilized these financial sources to bridge the finance gap.

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New Horizons and Global Perspectives in Female Entrepreneurship Research
Type: Book
ISBN: 978-1-83982-781-5

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