Abstract:

This paper examines the effectiveness of  Esusu scheme as an effective strategy for achieving the entrepreneurial objectives of SSEs using selected entrepreneurs in Ado-Odo Otta, Ogun State, Nigeria as a case study. The paper adopted an exploratory method of research design and empirical analysis.  It reviews extensively literature on the subject and the results of the data analysis help us to draw conclusions and make recommendation. Structured questionnaire was used to collect data from some Small Scale Entrepreneurs who have been beneficiaries of the  Esusu Scheme for a minimum  period of five years. The results reviewed that although most of the SSEs under our study are unorganized and not formally registered with the Nigerian Corporate Affairs Commission (CAC), the Esusu scheme has helped many of them to achieve their personal and business objectives. The study also identifies that lack of government involvement in the regulation of  the scheme  as a major challenge that affect their effectiveness of the scheme in  Nigeria.  Among others, the paper recommends the need for SSEs operators to  be more organized by registration of their business as this will help to create a platform to attract the government for the regulation of the Esusu scheme in Nigeria.