Micro financing provisions in Lagos State, Nigeria: An alternative strategy out of poverty

Simple item page
dc.contributor.authorObashoro-John, O.A.
dc.contributor.authorAnyikwa, E.B.
dc.contributor.authorOkebiorun, J.O.
dc.date.accessioned2020-03-16T09:14:45Z
dc.date.available2020-03-16T09:14:45Z
dc.date.issued2015-10-17
dc.descriptionStaff publicationsen_US
dc.description.abstractThe Nigerian economic scene has witnessed the growth and activities of micro financing bodies under different guises that claim, most importantly, to help create significant income and employment opportunities for poor populations so that they can contribute to development and follow change. Organizations like United States Agency for International Development (USAID), the World Bank and United Nations Development Programme (UNDP) have provided micro finance funds to Non-Governmental Organizations (NGOs) in Nigeria. The records show a huge variety of commitment and attendant levels of success. This study examined micro financing provisions as an alternative strategy out of poverty in Lagos State. A total of 240 microfinance clients who had been in the micro financing programme for a minimum of 3 years and within the age range of 20-60 years were randomly selected from microfinance institutions in three senatorial districts in Lagos State. data were collected through the use of structured questionnaire and descriptive statistic was used to analyze the data. The study revealed delivery of funds to microfinance clients will increase their income, sustained self-employment and help them to operate their business well. The study however established that provision of microfinance is indeed a tool for poverty alleviation in Lagos State. The study concluded that access to microfinance funds will provide a range of benefits such as increase in income, consumption and employment opportunities, hence concerted efforts should be made by the providers (government and MFls) in providing more basic financial assistance to entrepreneurs in Lagos State.en_US
dc.identifier.citationObashoro-John, O.A., Anyikwa, B.E., & Okebiorun, J.O. (2015). Micro financing provisions in Lagos State, Nigeria: An alternative strategy out of poverty. Nigerian Journal of Sociology of Education, 9(1), 242-253en_US
dc.identifier.issn1118-1784
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/8125
dc.language.isoenen_US
dc.publisherNigerian Journal of Sociology of Educationen_US
dc.relation.ispartofseriesNigerian Journal of Sociology of Education;Vol.9(1)
dc.subjectMicro Financeen_US
dc.subjectAlternative Strategyen_US
dc.subjectPovertyen_US
dc.subjectResearch Subject Categories::SOCIAL SCIENCES::Social sciences::Educationen_US
dc.titleMicro financing provisions in Lagos State, Nigeria: An alternative strategy out of povertyen_US
dc.typeArticleen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Micro financing provisions in Lagos State, Nigeria an alternative strategy out of poverty.pdf
Size:
8.33 MB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Adult Education- Scholarly Publications