Vol. 11(4), pp. 115-122, September 2023 , 2023.

ISSN: 2384-6151

https://doi.org/10.14662/ijebm2023140

 

 

Full Length Research

 

The Role of Women-Owned Small and Medium Enterprises (SMEs) in Lafia Municipal Area Council of Nasarawa State-Nigeria

 

1Christiana L, I. Tanze, 2Mercy Asheadzi Daniel and 3Zipporah Oyigbenu Elijah

 

1Department of Accountancy 2Department of Business Administration and Management, 3Department of Public Administration, School Of Administration And Business Studies Isa Mustapha Agwai 1 Polytechnic Lafia, P.M.B.109 Lafia-Nasarawa State  

 

 

 

Accepted 23 September 2023

Abstract

 

Business enterprise is an investment that is expected to satisfy human needs and then yields positive returns in both short and long run. They are organizations grouped according to their sizes, employment capacity and assets based among other important factors. However, in developing countries, SMEs are the dominant forms of business that is set up and are founded in almost all communities. This indeed is linked to the believed that they are responsible for most of the advances in new products and process and provide most of the employment opportunities and it is also a key indicator of overall performance of any economy in the world. the dynamic nature of SMEs also makes it vulnerable to high mortality rate occasioned by sudden shifts in economic policy, global trends, global shocks in international markets and many unforeseen situations. it is a fact that the lean nature and size of this sector, which underscores its vulnerability, is also its key assets. These enterprises are often times more flexible and can easily rise up to and adapt to sudden change in situations locally and globally. However, the total population of women owned SMEs is not known by the researcher, the study proposes a sample size of 600 respondents (100 from sample from the municipal council) obtained by Cochran formula for computing sample sizes. The study used two sampling techniques, namely simple random and purposive sampling techniques in selecting the respondents. purposive random sampling is used to select only women that owned SMEs in the study area. Simple random sampling is used for the selection of respondents used from the selected municipal area. The aim of this study was to assess. the role of women-owned SMEs in Lafia Municipal area council Nasarawa State. The study was guided by cross-section survey approach. the population consist on mostly women and a structured questionnaire developed by the researcher was used as instrument for data collection and the study used both descriptive and inferential tools of statistics for data analysis.

 

Keywords: Small Medium Enterprises, Women-owned, Investment, Performance, Short and Long run.

 

Cite This Article As: Tanze, C.L.I., Daniel, M.A., Elijah, Z.O. (2023). The Role of Women-Owned Small and Medium Enterprises (SMEs) in Lafia Municipal Area Council of Nasarawa State-Nigeria. Inter. J. Econ. Bus. Manage. Vol. 11(4), pp. 115- 122, September 2023