Key points are not available for this paper at this time.
The study evaluated the influence of small and medium-scale firms on the empowerment of women in Oyo state. Based on the findings, the average age of the women in the sample for this study is 40 years. They qualified NCE/OND and were sole proprietors involved in agriculture, with an average of 10 years of operation. Furthermore, most respondents agreed that their involvement in SMEs has positively impacted their personal savings or financial stability. They also believe that government policies and support systems will effectively promote their savings through SMEs in the study area. The respondents concluded that SMEs contribute to the improvement of financial literacy. Additionally, because of their involvement in SMEs, women utilise their savings for specific purposes, such as education, healthcare, or investments. They also agreed that participating in SMEs has economically and socially empowered them. Furthermore, it was observed that the respondents had experienced economic challenges and a decline in their financial situation. Furthermore, it is disclosed that a significant proportion of the participants generate their money from salaries and wages and have witnessed an enhancement in their living conditions. The study highlights the crucial significance of small and medium-sized enterprises (SMEs) in advancing women's empowerment in Oyo State. To fully acknowledge the diverse advantages obtained from SME involvement, it is crucial to provide further assistance and cultivate a conducive atmosphere for these businesses. This encompasses granting financial resources, implementing specialised training programmes, improving connections to the market, and developing regulations that promote the expansion and long-term viability of small and medium-sized enterprises (SMEs). As a result, this will enhance the positive influence of SMEs on women's empowerment in the region.
Ahmed et al. (Tue,) studied this question.