Policy Choices and Challenges in Expanding Access to Finance for Growth in Rural Nigeria
European Journal of Sustainable Development
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Title |
Policy Choices and Challenges in Expanding Access to Finance for Growth in Rural Nigeria
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Creator |
Akinlo, Anthony E.
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Description |
Nigerian financial system has witnessed significant growth over the years. Thephenomenal growth and high financial depth can be attributed in part to the country’s vastnetwork of financial institutions, including rural finance.Improvements in rural finance notwithstanding, the supply of formal finance appears tobe biased against the rural population. Rural communities remain centre of deprivationsinspite of the various efforts at increasing financial services to them by the Governmentand the CBN. This therefore raises the following questions: what are the constraints andchallenges of providing financial services in the rural areas? What are the policy initiativesthat can be introduced to improve rural financial services in Nigeria? Hence the mainobjective of the paper is to examine the challenges and ways to improve rural financialservices in Nigeria.Keywords: rural finance, growth, infrastructure, microfinance institutions.
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Publisher |
European Center of Sustainable Development
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Contributor |
—
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Date |
2014-02-01
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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Format |
application/pdf
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Identifier |
http://www.ecsdev.org/ojs/index.php/ejsd/article/view/117
10.14207/ejsd.2014.v3n1p135 |
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Source |
European Journal of Sustainable Development; Vol 3, No 1; 135-144
2239-6101 2239-5938 |
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Language |
eng
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Relation |
http://www.ecsdev.org/ojs/index.php/ejsd/article/view/117/111
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Rights |
This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.Authors of articles published in the European Journal of Sustainable Development retain copyright on their articles. Authors are therefore free to disseminate and re-publish their articles, subject to any requirements of third-party copyright owners and subject to the original publication being fully cited. The ability to copy, download, forward or otherwise distribute any materials is always subject to any copyright notices displayed. Copyright notices must be displayed prominently and may not be obliterated, deleted or hidden, totally or partially.
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