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MICROFINANCE BANKS AND EMPLOYMENT GENERATION IN NIGERIA (A SURVEY OF SELECTED MFBS IN PORT HARCOURT)
AFRICAN BUSINESS AND FINANCE JOURNAL (2013)
  • Chukwumah Lawyer Obara, Dr
Abstract

The study took a cursory look at the Empirical Analysis Of Microfinance Banks And Employment Generation in Nigeria - A Survey of Selected Microfinance Banks in Port Harcourt. A total of 364 sample size was used for the study which was gotten though a probability sampling technique. Research question were analyzed using simple percentage while the hypotheses were analyzed using Analysis of Variance and t - test statisticsa parameter statistical tool. It was found that microfinance banks engender employment generation, wealth creation and poverty reduction among other things. It is concluded that microfinance banks are veritable tools for empowering low income earners of our society. It is therefore recommended among other things that Government at all levels should dedicate 5% of th eir annual budgets to microfinance banks and other poverty reducing agencies li ke NAPEP, NDE etc.

Keywords
  • MICROFINANCE,
  • BANKS,
  • EMPLOYMENT,
  • GENERATION,
  • NIGERIA
Disciplines
Publication Date
2013
Citation Information
Chukwumah Lawyer Obara. "MICROFINANCE BANKS AND EMPLOYMENT GENERATION IN NIGERIA (A SURVEY OF SELECTED MFBS IN PORT HARCOURT)" AFRICAN BUSINESS AND FINANCE JOURNAL Vol. 6 Iss. 1 (2013)
Available at: http://works.bepress.com/chukwumah_obara/24/