From Rural to Microfinance Banking: Contributions of Micro Credits to Nigeria’s Economic Growth – An ARDL Approach

Prince C. Nwakanma, Ikechukwu S. Nnamdi, Godfrey O. Omojefe · 2014 · International Journal of Financial Research

Summary. This study examines how microfinance credit affects Nigeria's economic growth from 1982 to 2011. Using econometric analysis, the researchers find a significant long-term relationship between microfinance disbursements and economic growth, with causality flowing from growth to credit rather than the reverse. The study recommends expanding microfinance volume and developing longer-term credit products to strengthen microfinance's contribution to Nigeria's economy.

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Nwakanma, P. C., Nnamdi, I. S., & Omojefe, G. O.. (2014). From Rural to Microfinance Banking: Contributions of Micro Credits to Nigeria’s Economic Growth – An ARDL Approach. International Journal of Financial Research. https://doi.org/10.5430/ijfr.v5n3p73

@article{nwakanma-2014-rural-microfinance-banking-contributions-micro,
  title   = {From Rural to Microfinance Banking: Contributions of Micro Credits to Nigeria’s Economic Growth – An ARDL Approach},
  author  = {Prince C. Nwakanma and Ikechukwu S. Nnamdi and Godfrey O. Omojefe},
  journal = {International Journal of Financial Research},
  year    = {2014},
  doi     = {10.5430/ijfr.v5n3p73},
  url     = {https://doi.org/10.5430/ijfr.v5n3p73}
}

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TI  - From Rural to Microfinance Banking: Contributions of Micro Credits to Nigeria’s Economic Growth – An ARDL Approach
AU  - Prince C. Nwakanma
AU  - Ikechukwu S. Nnamdi
AU  - Godfrey O. Omojefe
JO  - International Journal of Financial Research
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DO  - 10.5430/ijfr.v5n3p73
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Details

DOI: 10.5430/ijfr.v5n3p73
Countries: Nigeria
Regions: Africa
Categories: funding, entrepreneurship
Added: 2026-04-28