Title: Influence of Training and Capacity Building on the Financial Management Practices of Women Entrepreneurs in Asaba, Delta State, Nigeria.
Authors: Ofune Kelvin, Ekpeni Ogechukwu Perpetual, Ubogu Gloria Temabor
Volume: 9
Issue: 8
Pages: 91-98
Publication Date: 2025/08/28
Abstract:
This study investigates the influence of training and capacity building on the financial management practices of women entrepreneurs in Asaba, Delta State, Nigeria. As women increasingly venture into entrepreneurship, they often encounter challenges in managing their business finances effectively, particularly in areas such as budgeting, record-keeping, and investment decisions. These challenges are frequently linked to limited access to formal training and inadequate capacity-building opportunities tailored to their business needs. Using a quantitative research design, this study surveyed 150 women entrepreneurs selected from a population of 200 through simple random sampling. Data were collected using structured questionnaires and analyzed through descriptive statistics and regression analysis. The findings indicate that training significantly improves budgeting practices, while capacity building has a notable impact on record-keeping accuracy. Moreover, the combined effect of training and capacity building positively influences investment decision-making. These results highlight the critical role of knowledge enhancement and practical financial education in strengthening the financial management capacity of women entrepreneurs. The study concludes that structured training and targeted capacity development programs are essential for equipping women entrepreneurs with the financial skills needed to sustain and grow their businesses. It recommends the implementation of continuous financial literacy initiatives, government and NGO partnerships to provide regular training workshops, and policy frameworks that promote women's participation in formal capacity-building programs. By addressing these gaps, stakeholders can help foster a more financially capable and empowered group of women entrepreneurs, leading to improved business performance and broader economic development in the region.