International records / OpenAlex research

The Place of Microfinance in Today’s Economy: Further Evidence from Nigeria

This study empirically investigates the place of microfinance in the Nigeria economy from 1992-2012, using quarterly data.It adopts multiple regression model and Granger causality test as methods of analysis.The regression analysis result reveals that microfinance operations (captured by the loans and advances offered to the members of the society by microfinance banks) have statistically significant positive impact on the Nigeria economy.That is, the more the activities of microfinance institutions in Nigeria, the higher would be the growth of the economy.Furthermore, the Granger causality te…