Small Business Enterprises as a Mechanism to Rural Economic Enfranchisement: A Study of Local Governments in Delta State
Journal Title: Journal of Economics, Finance and Management Studies - Year 2025, Vol 8, Issue 01
Abstract
Rural economic enfranchisement is crucial for the sustainable development of any region, particularly in developing countries where rural areas are often marginalized. This study examines the role of small business enterprises (SBEs) in promoting economic enfranchisement in rural communities within select local governments of Delta State, Nigeria. By leveraging qualitative and quantitative data, the research investigates how SBEs contribute to job creation, income generation, and overall economic empowerment of rural populations. The study employs a mixed-method approach, including surveys, interviews, and case studies of various SBEs operating in the region. Findings indicate that SBEs significantly enhance economic activities by providing employment opportunities and fostering entrepreneurial skills among local inhabitants. Furthermore, the research highlights the challenges faced by these enterprises, such as inadequate infrastructure, limited access to credit facilities, and regulatory constraints. Despite these challenges, SBEs have demonstrated resilience and adaptability, contributing to the reduction of rural-urban migration and stimulating local economic growth. The study concludes by recommending policy interventions to support the development and sustainability of SBEs, including improved infrastructure, access to finance, and favorable regulatory frameworks. This research underscores the potential of small business enterprises as a catalyst for rural economic enfranchisement. It provides valuable insights for policymakers, development agencies, and stakeholders interested in rural development and economic empowerment.
Authors and Affiliations
Oboreh Christian Uyeri , ISAHWOZE Christian Uwomano,
Keywords
Related Articles
- EP ID EP756321
- DOI 10.47191/jefms/v8-i1-63
- Views 44
- Downloads 0
The Influence of Accountant Professional Ethics, Good Corporate Governance, Forensic Audit to Eliminate Fraud and Improve Company Performance
The purpose of this study is to determine, analyze the Influence of Accountant Professional Ethics, Good Corporate Governance, Forensic Audit to eliminate Fraud and improve Company Performance. The study was conducted us...
Transformation of Robot Automated Food Service (RAFS) in the Perspective of Resource Change Management at Grand Sahid Jaya Hotel (Study at Grand Sahid Jaya Hotel Jakarta)
The Fourth Industrial Revolution has triggered the use of new technologies across various sectors, including the hospitality industry. Digitalization in the hospitality industry aims to provide convenience and comfort fo...
Practical Value of Accounting Information in Cost Accounting
This article describes accounting information and its importance in enterprises in its clustered system. Currently, there is a need to control costs and revenues, to develop a single information space model for organiza...
The Viability of Quick Service Restaurant (QSR) in the Township Market: A Fast Food Industry Case in South Africa (SA)
This study aimed to explore the viability of a Quick Service Restaurant (QSR) model among leadership in selected township and township area markets of South Africa and the impact on the organisation’s overall performance...
Polong Renten: in Improving the Welfare of Employees of Village Owned Business Institutions (Bumdes) in Lombok Utara Regency
BUMDes development in North Lombok Regency is accelerating; practically all communities in North Lombok Regency now have BUMDes. Along with its development, BUMDes in the North Lombok district is experiencing a number of...