Women Entrepreneurship Development and Poverty Reduction in Ilaro, Yewa South, Ogun State

Abstract

The study looked at how women entrepreneurship development can fight poverty in Ilaro, Yewa South, Ogun State, Nigeria. 250 registered women business owners in Ilaro made up the study's population, from which a sample of 130 was taken for investigation. The selection was made through random sampling method and the sample size choice was informed by mujenda-mujenda (1979) assertion that any sample exceeding 10% of the total population is a decent representation of the population. The respondents were asked to complete a self-administered questionnaire using a 4-point Likert scale in order to get the required data. The psychometric properties (validity & reliability) of the instruments were evaluated using Cronbach Alpha and component factor analysis respectively. Multiple linear regression was employed to assess the relationship between women entrepreneurship development and poverty reduction. The study found that employment creation by women entrepreneurs and women empowerment are strongly and positively related to poverty reduction. It was concluded that women entrepreneurship development has strong positive relationship with poverty reduction. The study therefore recommended that government should empower women through entrepreneurship development programs and grant.