EFFECT OF MINIMART ON ECONOMY OF DELTA STATE
Keywords:Economy, Credit facility, tax Waiving, Gross Domestic Product
The study examined the effect of minimart on economy of Delta State.The specific objectives are to: Ascertain the influence of credit facilities to minimart operator on gross domestic product and to investigate effect of tax waiving to minimart operator on employment rate. The data employed for the study was primary data. This study considered the total minimart and maximart enterprises in Asaba as population of the study and with this according to Ministry of Commerce and Industry, there are 82 registered minimart and minxmart enterprises in the state capital and purposive sampling technique was adopted to determine the sample size. The data analysis method used in this study is Chi-square. The study revealed that 27.5% and 45.0% of the respondents strongly agreed and agreed respectively that Minimart enterprise is a fast growing business in the state while 15.0%, 7.5% and 5.0% of the respondents were undecided disagreed and strongly disagreed respectively with this statement, it was also revealed that there is no credit facilities by government for Minimart enterprise owners in the state given that 17.5% of the respondents agreed respectively that there is credit
facility by government for Minimart enterprise owners in the state while10.0%, 40.0% and 32.5% of the respondents were undecided, disagreed and strongly disagreed to this. The study recommended that: The State Government should provide credit facilities that
will make the development and expansion of minimart to maximart and create more branches across the state.