Effect of Women’s Involvement in Small and Medium-Scale Enterprises on their Economic Empowerment in Calabar, Cross River State

Abstract

This study examined small and medium-scale enterprises and women’s economic empowerment in Calabar, Cross River State. It specifically examined the effect of women’s involvement in SMEs on their economic empowerment dimensions such as financial independence, skills development and business networking opportunities. The study adopted a cross-sectional research design. A structured questionnaire was used to obtain primary data from 337 female operators of SMEs in Calabar. The data were descriptively analyzed, while the study hypotheses were tested using simple linear regression in the Statistical Package for the Social Sciences (SPSS). After the analysis, it was found that women’s involvement in SMEs operations had a significant positive effect on their financial independence, skills development and business networking opportunities in Calabar. Hence, the study recommended that women in Cross River State should genuinely be supported with financial, technical and material resources to get fully involved in entrepreneurship through SMEs in order to improve their financial independence, ensuring self-employment, income generation, and asset ownership to support their families. It was also recommended that the Government of Cross River State and relevant stakeholders should introduce credible and fully-funded programmes that enable women to gain and improve valuable entrepreneurial skills to effectively engage in SME operations in order to attain sustainable economic empowerment. Additionally, the study recommended that stakeholders in the private sector, including industrialists, non-governmental organizations, and trade associations, among others should encourage female entrepreneurs to participate in networking events, professional associations, workshops and conferences in order to build valuable connections to grow their business.