Problems And Prospects Of Micro Finance Banking In Nigeria

This study examines the problems and prospects of MFLS in Nigeria.  The importance of MFLS in Nigeria’s economy cannot be over-emphasized; this is because it plays a vital role in the financial intermediation process and also the lives of the low income earners who constitute over 70 percent of the Nigerian population.  The sample size used at random selection is 262, and the simple random sampling technique will be used in selecting the sample.  The objectives of this study is to mobilize savings for intermediation, to render payment services, such as salaries, gratuities, and pensions for va…