• editor.aipublications@gmail.com
  • Track Your Paper
  • Contact Us
  • ISSN: 2456-8635

International Journal Of Horticulture, Agriculture And Food Science(IJHAF)

The role of small-scale Enterprise in Entrepreneurship development in developing Economy: An analysis of bakery enterprise in Mubi-north local Government area of Adamawa State, Nigeria

M.Y Hamid


International Journal of Horticulture, Agriculture and Food science(IJHAF), Vol-4,Issue-4, July - August 2020, Pages 186-193, 10.22161/ijhaf.4.4.8

Download | Downloads : 10 | Total View : 403

Share

The paper investigated Bakery enterprise in Mubi – north local government area in the year 2019, via socio-economic variables, cost and returns as well as prospects and problems associated with the business. The results reveals that all (100%) of the respondents are males, majority 58% were within their active productive age bracket of 35 – 46 years and majority had 6 – 15 years experience on business. Similarly, operating capital stood at 1.5 to 2.0million naira, while business fixed asset stood at 1.5 to 2.5million naira respectively. The results further shows that Cost of processing one bag of 50kg of flour in to bread stood at N39,400 and a total returns of N50,000 was reported indicating a benefit of N10,600 which constitute one production cycle. Further, the result reveals a maximum, minimum and average production cycles per week of 5, 3, and 2 respectively which gives a benefit of N53, 000, N31, 800 and N21, 200 per week respectively. The study therefore concluded that baking enterprise is a profitable business in the study area and can be used as a veritable enterprise for promoting entrepreneurship among the youths especially the graduates because of it high prospects. The study recommended that Government and Non- Governmental Organizations should support and promote entrepreneurship development among youths through their various empowerment programmes. Entrepreneurship Development Centre’s in Universities, Polytechnics and Colleges of Education in Nigeria should promote baking as one of their enterprise areas because of it high prospects and acceptability among educated youths.

Entrepreneurship, Entrepreneur, Small Scale, Role, Developing and Economy.

[1] Emmanuel, C.L.(2002). Entrepreneurship. A Conceptual Approach. Lagos, Nigeria. Concept Publishers
[2] Gomez-Mejia, L.R.and Balkins, D.B. (2002). Management. W.I. New York: McGraw Hill Companies
[3] Hisrich,R.D. Peters,M.P.and Shephard D.A. (2007). Entrepreneurship. 6thedition, New York: McGraw Hill International edition
[4] Holt,H.D.(2006).Entrepreneurship: New Venture Creation.1st edition, New Delhi, India. Asoke K. Ghosh Publishers.
[5] National Population Commsion (2006). Nigerian Census Statistics. Current edition, Abuja, Nigeria
[6] National Youth Service Scheme (2017) Batch A Hand Book for Corp Members. Revised edition, Abuja, Nigeria
[7] National Directorate of Employment (2017). Hand Book for Graduate Self Reliance. Revised edition, Abuja, Nigeria
[8] National Bureau of Statistics (2016). Graduate Employment Statistics in Nigeria. Revised edition, Abuja, Nigeria.
[9] Schumpeter,J.A.(1996): The theory of Economic Development. London, Transaction publishers