Informal Credit and Monetary Management in Nigeria

Authors

Moses F. Otu, Central Bank of Nigeria
E. N. Egbuna, Central Bank of Nigeria
E. A. Essien, Central Bank of Nigeria
M. K. Tule, Central Bank of Nigeria

Document Type

Occasional Paper

Publication Title

Informal Credit Market and Monetary Management in Nigeria

Abstract

The objectives of this study include: examining the banking network and rural financing intermediation in an effort to unveil factors that sustain and fuel informal credit market; understanding the nature, structure and size of the informal credit markets in Nigeria; evaluating the extent of the operations of informal market with respect to sources and application of funds as well as interest rate determination; examining the impact of informal credit institutions on the efficacy of monetary management in Nigeria; and based on the findings, make appropriate policy recommendations that would minimize the distortions of informal credit market activities on monetary management in Nigeria.

First Page

1

Last Page

80

Publication Date

10-2003

Recommended Citation

Otu, M.F., Egbuna, E.N., Essien, E.A. & Tule, M.K. (2003) Informal Credit and Monetary Management in Nigeria. CBN Occasional Paper, No. 29. 1 - 80.