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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
 
Creator Akinlo, Anthony E.
 
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.
 
Publisher European Center of Sustainable Development
 
Contributor
 
Date 2014-02-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion

 
Format application/pdf
 
Identifier http://www.ecsdev.org/ojs/index.php/ejsd/article/view/117
10.14207/ejsd.2014.v3n1p135
 
Source European Journal of Sustainable Development; Vol 3, No 1; 135-144
2239-6101
2239-5938
 
Language eng
 
Relation http://www.ecsdev.org/ojs/index.php/ejsd/article/view/117/111
 
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