The Role of the Financial Sector in Poverty Reduction

Authors

J. O. Aderibigbe, Central Bank of Nigeria

Publisher

Central Bank of Nigeria

Keywords

Financial Sector, Poverty Reduction

Abstract

The objective of this paper is · to examine the role and challenges facing the financial sector in providing the necessary financing on appropriate terms, volume and value, and in a timely manner. The paper is divided into six sections; following this introductory part, the conceptual framework on the role of the financial sector in poverty reduction is outlined. In section three the experience of the role of the financial sector in fighting poverty is reviewed with specific emphasis on the role of banks in micro- credit delivery in section four. Section five examines future challenges of the sector while I make my concluding remarks in section six.

Author Bio

J.O. Aderibigbe is the Director, Governor's Department, Central Bank of Nigeria

Publication Title

CBN Economic and Financial Review

Issue

4

Volume

39

Recommended Citation

Aderibigbe, J. O. (2001). The Role of the Financial Sector in Poverty Reduction. CBN Economic and Financial Review. 39(4), 135-158.