Micro-Scale Enterprises and Poverty Reduction in Makurdi Local Government Area of Benue State

Blessing Mngunengen Vehe, Odike Abraham Ijuo and Enoch Terlumun Iortyom
Additional contact information
Blessing Mngunengen Vehe: Benue State University, Makurdi, Nigeria
Odike Abraham Ijuo: Benue State University, Makurdi, Nigeria
Enoch Terlumun Iortyom: Ernest Bai Koroma University of Science and Technology, Magburaka, Republic of Sierra Leone

International Journal of Humanities, Arts and Social Sciences, 2020, vol. 6, issue 6, 223-233

Abstract: This study investigated the impact of micro-scale enterprises on poverty reduction in Makurdi Local Government Area of Benue State, Nigeria. The study adopted a stratified sampling procedure in which a total of 247 sample size was drawn from population of 3325. Data were collected with the use of structured questionnaire, analyzed with the use of logistic regression. It was found that micro-scale enterprises contribute significantly to poverty reduction in Benue State. Specifically, it was found that operating a micro-scale business, and having access to medical facilities reduce the probability of being poor by 2.19 and 2.16 respectively, while more income from micro-scale businesses reduce the probability of being poor by about 0.002. The study therefore, recommended among other things that strategies targeted at promoting the growth of micro-scale businesses such as ensuring steady supply of power, reduction of levies, promotion of consumption of locally made goods, provision of zero or low interest loans required for a start up or expansion of micro-scale businesses as well as providing medical facilities (given that health is wealth) should be developed and promoted by government, groups and concerned individuals in order to fully harness the potential of micro-scale enterprises in the state.

Keywords: Poverty; poverty reduction; micro-scale enterprises; Nigeria; basic needs (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://kkgpublications.com/ijhss-v6-issue6-article-1/ (application/pdf)
https://kkgpublications.com/wp-content/uploads/2020/12/ijhss6.20001-6.pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:apa:ijhass:2020:p:223-233

DOI: 10.20469/ijhss.6.20001-6

Access Statistics for this article

International Journal of Humanities, Arts and Social Sciences is currently edited by Dr. Mohammad Hamad Al-khresheh

More articles in International Journal of Humanities, Arts and Social Sciences from Dr. Mohammad Hamad Al-khresheh Calle Alarcon 66, Sant Adrian De Besos 08930, Barcelona Spain.
Bibliographic data for series maintained by Dr. Mohammad Hamad Al-khresheh ().