Impact of microcredit program on poverty reduction among rural households in Saki East Local Government area of Oyo State, Nigeria

1970 ◽  
Vol 1 ◽  
pp. 314
Author(s):  
Abdul Majeed Yaqoob ◽  
Wasiu Akintunde Yusuf ◽  
Sulaiman Adesina Yusuf
Keyword(s):  
Local Government ◽  
Financial Services ◽  
Poverty Reduction ◽  
Rural Households ◽  
Critical Role ◽  
Local Government Area ◽  
Poor People ◽  
External Shocks ◽  
The Impact ◽  
Matching Techniques

It is widely acknowledged that access to financial services plays a critical role in helping poor people strengthen their economic potentials, increase their asset base and diminish their vulnerabilities to external shocks. However, poor people have very limited access to financial services provided by the formal financial institutions due to the procedures outlined for accessing such loans. In recent time, Microcredit has received global attention owing to its claim in alleviating poverty. This study investigates the impact of microcredit program on poverty reduction among rural households in Saki East Local Government area of Oyo State using logit model and propensity score matching techniques to prove the impact. Findings revealed a negative, non-significant impact of microcredit on poverty reduction among rural households. Therefore, it is recommended that microcredit program should be implemented along with other poverty alleviation strategies.

scholarly journals Relationship between Sustainable Financial Services and Poverty Reduction in Nigeria - Evidence from Error Correction Model

2013 ◽  
Vol 2 ◽  
pp. 39-50
Author(s):  
Taiwo Adewale Muritala ◽  
Ismail O. Fasanya
Keyword(s):  
Error Correction ◽  
Financial Services ◽  
Poverty Reduction ◽  
Critical Role ◽  
Final Analysis ◽  
Error Correction Model ◽  
Financial Inclusion ◽  
Poor People ◽  
Financial Deepening ◽  
Correction Model

The inflexibility of poverty is being met with increasing impatience from governments of diverse ideologies, donors and other international agencies. Recent data compilations show that many poor and non-poor people in many developing countries face a high degree of financial exclusion and high barriers in access to finance. Therefore, financial inclusion plays a critical role in reducing poverty. Hence, this paper examines the relationship between sustainable financial services and poverty reduction in Nigeria from 1965 - 2010 using Error Correction Model (ECM). It was observed that total value prime lending rate, financial savings, credit to private sector and rate of inflation all have significant impact on the financial deepening. In the final analysis, the study concludes that financial inclusion tends to strengthen financial deepening and provide resources to the banks to expand credit delivery thereby leading to financial development. The study therefore recommends that these findings, in turn, will inform the policy makers and stakeholders to build more inclusive financial systems

scholarly journals Examining the Role of Non-Formal Education as a Conduit to Poverty Reduction and Rural Development: The Case of a Rural Community in a Municipality in Ghana

2019 ◽  
Vol 6 (2) ◽  
pp. 1
Author(s):  
Emmanuel Intsiful ◽  
Albert Martins
Keyword(s):  
Rural Development ◽  
Rural Community ◽  
Poverty Reduction ◽  
Formal Education ◽  
Skill Training ◽  
Critical Role ◽  
Capabilities Approach ◽  
Necessary Condition ◽  
Poor People ◽  
The Impact

Non-formal education (NFE) programmes involve literacy and numerical programmes that aim at training people to read and write. Gaining such basic literacy skills enables a person to use the reading, writing and calculation to develop the self and the community as a whole. In the Ghanaian context, the Ministry of Education in the year 2000 established the National Functional Literacy Programme with the chief aim of making accessible literacy and life skills to the rural poor and the illiterate. The aim of this paper was to examine the extent to which non-formal education contributes to literacy improvement, poverty reduction and rural development in a rural community within a municipality in Ghana. The researchers employed Amartya Sen’s capabilities approach to economic and human development and Paulo Freire’s concept of education for conscientization.The findings of the study show that the non-formal education programme plays a very critical role in the reduction of illiteracy coupled with improving the living standard of the rural adult learners, once the programme is well organized and implemented. Thus, the activities of NFE have the potential to make the illiterate poor become functionally literate which is a necessary condition for poverty reduction. Providing skill training is one of the major ways of improving the livelihood of poor people. Based on the impact of NFE activities on those who had graduated from the programme has the potential of reducing illiteracy and improving the standard of living of the people. The impact has been felt in areas like literacy and numeracy, economic, social and political empowerment of learners in the community studied. However, the programme needs to be strengthened to address the issue of funding which has become a major challenge for the NFE. Facilitators and supervisors need enough motivation to commit them fully to the task and learners need support to start their own business to bring about meaningful poverty reduction.

scholarly journals Selected NGOs and Poverty Reduction in Makurdi Local Government Area of Benue State, Nigeria

2021 ◽  
Vol 2 (3) ◽  
pp. 32-47
Author(s):  
Vincent Iorja Gisaor
Keyword(s):  
Local Government ◽  
Poverty Reduction ◽  
Structured Interview ◽  
Local Government Area ◽  
Primary Data ◽  
Economic Activities ◽  
Government Organizations ◽  
The People ◽  
Descriptive Approach ◽  
The Impact

The research was undertaken to access the impact of Non-Government organizations (NGOs) on poverty reduction in Makurdi local government area of Benue State. Using descriptive approach to analyze the primary data obtained from the respondents through a structured questionnaires and semi-structured interview administered to the staff and officials of selected NGOs in the study area. Result shows that the respondents confirm benefits in terms of increased income, use of good transportation means, good accommodation, feeding and sleeping materials. Despite these benefits, there were challenges confronting the NGOs in the study area. One of the biggest challenges was finance to execute all their programmes as well as disburse to beneficiaries as loans and grants. The activities of NGOs were found only limited to Makurdi while the majority of the people were residing outside the state capital. Therefore, recommendations made include: awareness creation for more participation by people in entrepreneurship and financial independence since it is only through such skills that they can propel themselves out of poverty and the NGOs should seek for more sources of funding including soliciting financial support from the international community to enable it fund diversified economic activities of the vulnerable people in the country.

scholarly journals FINANCIAL INCLUSION AND POVERTY ALLEVIATION AMONG SMALLHOLDER FARMERS IN ZIMBABWE

2020 ◽  
Vol 8 (3) ◽  
pp. 168-182
Author(s):  
David Mhlanga ◽  
◽  
Steven Henry Dunga ◽  
Tankiso Moloi ◽  
◽  
...  
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Poverty Reduction ◽  
Smallholder Farmers ◽  
Financial Education ◽  
Financial Inclusion ◽  
Strong Impact ◽  
Development Goals ◽  
The Government ◽  
The Impact

The study sought to investigate the impact of financial inclusion on poverty reduction in Zimbabwe among the smallholder farmers. It is alleged that financial inclusion can help in achieving seven of the seventeen sustainable development goals (SDGs), which include poverty eradication in all its forms everywhere, ending hunger, achieving food security, ensuring improved nutrition as well as promoting sustainable agriculture and many others. Using the simple regression method, the study discovered that financial inclusion has a strong impact on poverty reduction among smallholder farmers. The study went on to discover that, for the government to tackle poverty especially among the smallholder farmers, it is important to ensure that farmers do participate in the financial sector through saving, borrowing and taking out insurance among other services. So, it is important for the government of Zimbabwe to fully implement policies that encourage financial inclusion such as making sure that farmers find it easy to access financial institutions and encouraging financial institutions to review transaction costs like bank account opening charges periodically, implementing financial education programs among the farmers because these variables are important in influencing farmers to participate or preventing them from using financial services.

EVALUATION OF LYMPHATIC FILARIASIS AFTER TWO ROUNDS OF MASS DRUG ADMINISTRATION IN LAU LOCAL GOVERNMENT AREA OF TARABA STATE NIGERIA

2021 ◽  
Vol 4 (4) ◽  
pp. 513-519
Author(s):  
D. E. Akafyi ◽  
I. S. Ndams ◽  
S. A. Luka ◽  
F. S. Ojeleye ◽  
S. O. Elkanah ◽  
...  
Keyword(s):  
Local Government ◽  
Drug Administration ◽  
Mass Drug Administration ◽  
Clinical Manifestations ◽  
Wuchereria Bancrofti ◽  
Local Government Area ◽  
Filarial Antigen ◽  
Physical Examinations ◽  
The Impact ◽  
Card Test

This study was undertaken to evaluate the effects of Mass Drug Administration (MDA) on Wuchereria bancrofti (microfilariae) after two rounds of combined Ivermectin and Albendazole distribution. A total of 221 participants were recruited in three communities in Lau Local Government Area of Taraba State by convenience sampling method. Questionnaires and physical examinations were used to assess clinical manifestations associated with the infection. Blood samples were collected by finger prick method and stained with Giemsa stain for examination to establish the presence of W. bancrofti while immunochromatographic card test was performed to determine the presence of filarial antigen in serum. Previous data were used to determine the pre-drug prevalence of the parasite. The results showed that the drug did not significantly reduce the clinical manifestations reported among the patients. The microfilariae prevalence and microfilaria mean density after two rounds of drug administration was 19.5% and 1.49%, while the pre- MDA prevalence and microfilaria mean density was 27.8% and 2.44% respectively. There was a statistically significant decrease of microfilaria prevalence (P<0.05) after two rounds of MDA. There was no significant effect of MDA by age, sex and occupation-related microfilariae prevalence in the study area.  In conclusion, the study reveals that microfilaria prevalence and load decreased after two rounds of MDA of combined Ivermectin and Albendazole distribution amongst the studied populations. Routine evaluation of the MDA is required to assess the impact of the drug for the eventual elimination of the infection.

Sign in / Sign up

Export Citation Format

Share Document