Browsing by Author "Rahman Oladimeji Mustapha, Aminu N. Brimah & Nafisat Hassan Jumoke"

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    Effect of Access to Fund on Productivity of Fashion Design Businesses in Kwara State, Nigeria
    (2022-12) Rahman Oladimeji Mustapha, Aminu N. Brimah & Nafisat Hassan Jumoke
    Fashion designing is an important part of small and medium enterprises which contribute to the gross domestic product of Nigeria. Nonetheless, the sector is been challenged by some factors which have hampered their productivity and profitability. The study examined the influence of Access to fund on productivity of fashion design enterprises in kwara State, Nigeria. The study adopted survey research method. The population of the study was 623 fashion designers operating within the area of the, from which 244 Fashion designers were drawn as the sample size for the study. The study selected a sample size which was determined using the Taro Yamane formula. The data was analyzed using frequency distribution table and multiple regression analysis test the hypothesis. This is indicated in the r square svalue of = 0.340 for productivity. The study found that Access to fund can be used as a reliable and valid instrument for enhancing fashion design in Nigeria. The study concludes that the fashion business owners in the sampled area were aware that access to fund has significant effect on their productivity. However, despite the high level of awareness the advantages could not be utilized by the business owners owing to the problems of bureaucratic bottle neck and cost associated with accessing the fund. The study recommended that Government should endevour to enhance the financial inclusion across all the sector of the country economy to enable access to funding to enhance their productivity and by extension the GDP of the country. The study also recommended the creation of conscious cluster of fashion designing businesses and provide them with basic financing tools to enable them attain high productivity.