CONTRIBUTION OF SMALL AND MEDIUM ENTERPRISE TO ENTREPRENEUR AND ECONOMIC DEVELOPMENT IN KATSINA STATE

Authors

  • Aminu Sani Al-Qalam University Katsina, Nigeria
  • Kamaluddeen Mohammed Lamido Al-Qalam University Katsina, Nigeria

Keywords:

Small and medium enterprises, economic development, entrepreneurs, Katsina State

Abstract

Particularly in Nigeria, small and medium-sized businesses are essential to the expansion and development of an economy. This is done so that, as a result of SMEs, entrepreneurs can become self-sufficient. Small and medium-sized businesses (SMEs) contribute significantly to the development of the Nigerian economy, making up, on average, between 50% and 60% of the value produced. Since the majority of our enterprises are profitable and provide Katsina State's young adolescents with work opportunities. This paper is conceptual in nature. Small and medium-sized businesses in Nigeria significantly contribute to the growth of entrepreneurs and the economy, according to the study's findings, which show a positive and significant association between output growth and these businesses. The study recommends that the government should empower shareholders to support small and medium-sized firms and encourage them to do so in order to help the country's businesses get off the ground. Additionally, efforts should be taken to guarantee that the nation has the facilities for training that are required to promote the expansion of SMEs and entrepreneurs. And in order to strengthen the training and development of our youth, the already-existing businesses in a nation must provide the essential assistance to the entrepreneurs’ center.

Author Biographies

Aminu Sani, Al-Qalam University Katsina, Nigeria

Department of Business Administration,
Al-Qalam University Katsina

Kamaluddeen Mohammed Lamido, Al-Qalam University Katsina, Nigeria

Department of Business Administration,
Al-Qalam University Katsina

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Published

2023-08-21