Jurnal Sosial dan Sains
Vol. 4 No. 11 (2024): Jurnal Sosial dan Sains

Towards Poverty Reduction and Sustainability in West African Countries: Role of Entrepreneurial Empowerment

Olubiyi Timilehin Olasoji (West Midlands Open University Lagos State)
Kolade Akinpelu Ayobami (Osun State University, Okuku, Osun State)
Bamidele Comfort Olaitan (Babcock University, Ilisan Remo Ogun State)



Article Info

Publish Date
06 Dec 2024

Abstract

Poverty reduction in Africa is one of the main issues African governments and their financial partners face. Over the years, billions of U.S. funds have been invested to aid African countries in fighting pervasive Poverty. Despite efforts to implement changes and promote growth initiatives, it is obvious that expected outcomes have not been met yet. This study examined the Impact of Entrepreneurial Empowerment on Poverty Reduction and Sustainability in West African Countries with empirical evidence from the Tony Elumelu Foundation. The study's purpose is to assess how the TEF Entrepreneurship Program contributes to poverty reduction in West African countries and adopts an ex-post research design from the TEF financial report expenses on entrepreneurship programs in West African countries. The study finds that TEF entrepreneurship programs contribute to poverty reduction in West African countries by just 28% which is quite impressive. These findings also highlight the significant growing expenses. In developing West African nations, the value of generous organizations that help facilitate the success of those businesses contributes to progress toward the global SDGs through the trend. The study therefore recommends that the analyses should provide strong evidence and validation that these TEF Program pillars are critical for entrepreneurial success and should therefore be retained and continue to be mandatory pillars of the poverty reduction Program.

Copyrights © 2024






Journal Info

Abbrev

sosains

Publisher

Subject

Astronomy Environmental Science Law, Crime, Criminology & Criminal Justice Library & Information Science Physics

Description

Jurnal sosial dan sains (SOSAINS) is a double blind peer-reviewed academic journal and open access to social and science fields. The journal is published monthly by Green Publisher Indonesia. Jurnal sosial dan sains (SOSAINS) provides a means for sustained discussion of relevant issues that fall ...