Entrepreneurial trade practice as a determinant of socio-economic empowerment among self-employed artisans in Lagos State
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Date
2015-10-23
Authors
Afonja, A.F.
Oke, G.G.
Ojeomogha, T.O.
Journal Title
Journal ISSN
Volume Title
Publisher
The Faculty of Education University of Port Harcourt, Port Harcourt, Nigeria
Abstract
The artisans constitute a critical driving force in the growth and development of the informal economy. However, there are strong indications and suspicions that the income-generating capacity and capability of the artisans in Nigeria's informal employment of the force are still below the subsistence level. The study involved a focused group of self-employed artisans in the auto mechanic trade in Lagos Mainland. The study examines whether entrepreneurial trade practice has the potential for improving the socio-economic wellness of the practicing auto-mechanics in Lagos Mainland. 153 practicing self-employed auto-mechanics were selected using purposive random sampling technique. The study revealed that self-employed auto-mechanics generate an average income ranging between #3,000 and #7,000 or sometimes even more on daily basis. The majority of them are able to meet (though with varying levels of success) their social responsibilities - as parents, husbands, and other dependants, as responsible members of the community to which they belong. The productive capacity and efficiency of a large proportion of self-employed auto-mechanics are still below the subsistence levels. It is recommended that appropriate entrepreneurship training programme be developed to unlock their entrepreneurial skills, income generation capabilities, and efficiency in business.
Description
Keywords
Entrepreneurship, Trade practice, Socio-economic, Empowerment
Citation
Afonja, A. F., Oke, G. G., & Ojeomogha, T, O. (2015). Entrepreneurial trade practice as a determinant of socio-economic empowerment among self-employed artisans in Lagos State. Journal of Education in Developing Areas. 23(2), 418-429.