Policy Choices and Challenges in Expanding Access to Finance for Growth in Rural Nigeria

Authors

Anthony E. Akinlo, Obafemi Awolowo University, Ile-IfeFollow

Publisher

Central Bank of Nigeria

Keywords

Policy Choices, Access to Finance, Finance, Economic Growth, Rural Nigeria, Economic Development

Abstract

Access to finance, in general, is fundamental to growth and development. A well-functioning financial market assists in channeling funds to their most productive uses, and allocates risks to those who can best bear it. An efficient financial sector that responds to the needs of the private sector increases investment, enhances economic growth, creates job opportunities and improves income distribution.

Author Bio

The author Anthony Akinlo is a Professor of Economics at the Obafemi Awolowo University, Ile-Ife.

Publication Title

CBN Economic and Financial Review

Issue

4

Volume

49

Recommended Citation

Akinlo, Anthony E. (2011). Policy Choices and Challenges in Expanding Access to Finance for Growth in Rural Nigeria. CBN Economic and Financial Review. 49(4), 77-89.