THE IMPACT OF MICROFINANACE BANK IN ECONOMIC GROWTH AND DEVELOPMENT OF NIGERIA
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY It would be observed that, despite the presumed developments in the Nigerian economy, the country is still largely being regarded as a developing country (Onyema, 2006). More so, its industrial growth is not quite impressive. Before the emergence of formal microfinance institutions, informal microfinance activities flourished all over the country. Traditionally, microfinance in Nigeria entails traditional informal practices such as local money ...
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