Microfinance Bank As Government Strategy To Poverty Reduction In Nigeria

INTRODUCTION Background of the Study In Nigeria, Micro financing is not a new phenomenon as evidenced by such cultural economic activities which were practiced to provide funds for producers in the rural communities. The earliest evidence of financial institutions in Africa dates to the 16th century: a rotating savings and credit associations (ROSCAS) among the Yoruban. As a form of social capital and also as a financial self-help groups (SHGs) was transported during the slave trade to the Caribbean Islands (Bascom, 1952:69).  TABLE OF CONTENTS CHAPTER ONE 1.0                      INTRODUCT…