WOMEN IN SMALL AND MEDIUM-SCALE ENTERPRISES IN BENIN CITY, 1970-2020

Abstract

This study examines the emergence and growth of women's small and medium-scale enterprises (SMEs) in Benin City, Nigeria, from 1970 to 2020. The research explores the historical background of women's entrepreneurship in Benin City, highlighting the socio-economic factors that led to the establishment of women's SMEs. It also investigates the challenges Benin women entrepreneurs face in accessing resources, markets, and finance, and how these challenges have impacted their businesses. The study reveals that women's economic empowerment has had a significant impact on the development and growth of Benin City, contributing to poverty reduction, job creation, and improved living standards. Despite facing numerous challenges, Benin women entrepreneurs have demonstrated resilience and determination in building successful businesses. This research draws on various sources, including primary data from surveys and interviews with women entrepreneurs, and secondary data from existing literature. The findings highlight the importance of women's economic empowerment in driving socio-economic development in Benin City and demonstrate the need for policies and programs that support women's entrepreneurship. The study concludes by recommending strategies for promoting women's economic empowerment and addressing the challenges faced by women entrepreneurs in Benin City. These include increasing access to finance, building entrepreneurial capacity, and promoting gender-sensitive policies and programs. By shedding light on the experiences and contributions of Benin women entrepreneurs, this research aims to inform policy and practice and support the continued growth and development of women's SMEs in Benin City.