EXPLORING SMALL SCALE BUSINESSES INFLUENCE ON EMPLOYMENT CREATION IN NIGERIA

Abstract

This study investigated the role of small-scale businesses on employment creation in Anambra State Nigeria. The specific objective the study was to examine the effect of point of Sale (POS), real estate development, fast food restaurants, and e-commerce stores on employment creation in Anambra State Nigeria. The study used survey research design to generate data from respondents of firms under study through questionnaire. Data were analyzed with ordinary least square regression techniques. The study developed one model. The result showed that point of Sale (POS); real estate development; fast food restaurants, and e-commerce Stores have positive significant effect on employment creation of the sampled small-scale businesses during the period under study. Point of Sale (POS) has a t-statistics of 2.533 and p-value of 0.012 which is statistically significant at 5% level of significance. Real estate development has a t-value of 2.509 with a probability value of 0.013 which is statistically significant at 5% level of significance. Fast food restaurants recorded a t-value of 2.175 and a probability value of 0.07 which is within the acceptable threshold. E-commerce stores recorded a t-value of 4.928 with an alpha value of 0.000 which is highly statistically significant. The study concluded that explanatory variables of small-scale businesses have significant positive effect on employment creation selected small businesses in Anambra state Nigeria. The study recommended among others that Government through the CBN should enact a law on how to protect the interest of the POS customers, so that fund will not be withdrawn in their account unauthorized.