Analysis of the Effect of Microfinance Institutions on Poverty Reduction in Nigeria
Journal Title: Academic Journal of Economic Studies - Year 2019, Vol 5, Issue 2
Abstract
Credit inaccessibility constitutes a major hindrance to business growth in Nigeria, where a large majority of micro and small business owners do not have adequate collateral to secure a loan. This study examined the effect of microfinance institutions on reduction of poverty as well as entrepreneurial activities in Nigeria. The study employed a survey research instrument through the administration of questionnaires to two hundred (200) micro and small-scale business enterprises in Ikpoba Okha Local Government Area of Edo State, Nigeria. The study adopted Pearson correlation, multivariate regression techniques, Heteroskedasticity diagnostic test and Ramsey RESET test for data analyses. The results showed that microfinance institution and poverty alleviation were positively and significantly related while entrepreneurial activity and poverty reduction were positively and insignificantly related. The study recommended that microfinance institutions should be given a conductive environment to operate in order to assist in developing micro and small business enterprises, thereby help mitigate the effect of poverty ravaging the Nigerian society.
Authors and Affiliations
Ehiabhi Andrew Tafamel
Keywords
Related Articles
- EP ID EP598401
- DOI -
- Views 181
- Downloads 0
The Relationships between Organizational Determinants and Counterproductive Work Behaviors among Employees in the Nigerian Maritime Industry
The predominance of counterproductive work behavior in the workplace has propelled negative consequences (such as low productivity, poor job satisfaction, and sabotage among others). This study investigates the relations...
Monitoring of the Economical-Financial Outcomes in the Context of the Exigencies of the Corporate Governance through the Budget System
According to the meaning of the phrase “to govern means to provide”, the performance instrument of the financial provision on the level of an entity is the budget system. The monitoring of the economical-financial outcom...
Business Intelligence in Insurance Brokerage Companies – a Tool for Decision-Makers
This paper presents several applications of data analysis software in the insurance brokerage activity, particularly in matters related to the decision-making process. The study is based on a dataset loaded in a data war...
2Department of Science Education, University of Technology Yola, Nigeria
Information asymmetry that dominates almost all market operations deters market performance and in some markets may lead into non-existence of market due to adverse selection problem. This paper hypothesizes that online...
The Actual Balance of Power in Asia-Pacific: Determinants, Characteristics and New Trends
The present paper is structured around the following research objectives: (1) identification of the main characteristics of Asia-Pacific relations, strategic partnerships and regional rivalries; (2) justification of the...