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The Impact Of Microfinance On Entreneurship Development In Nigeria
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1.3 STATEMENT OF PROBLEM
Given
the problem statement above, the major problems which this research
work aims to evaluate are captured in the following research question.
What are the contributions of microfinance banks to the entrepreneurial development and what are the modalities to finance?
To what extent has their contribution (financing) impacted on the growth of entrepreneurship?
What
problems militate against the effective financing of entrepreneurs by
the microfinance banks and the attainment of their objective?
How effectively and efficiently will microfinance banks functions/to operate and perform better.
1.4 OBJECTIVES OF THE STUDY
Based on the research questions marshaled above the specific objectives seeks;
i. To identify the role of microfinance on the development of entrepreneurial activities in Nigeria
ii. Identify problems that militate against the effective funding of entrepreneurship development (apart from finance).
iii. To identify the viability of microfinance banks in entrepreneurship financing
iv. Make policy recommendation.
1.5 JUSTIFICATION OF THE STUDY
This
study is a build-up on the previous investigation by various scholars
and researcher on the impact of microfinance banks on entrepreneurship
development, especially in Bauchi Local Government Area of Bauchi State
and is aimed at building up on the lapse of previous investigations.
The
importance of this study lies in identifying the various problems that
have bedeviled the effectiveness of the microfinance banking system.
More
so, the study will add to knowledge on how Nigeria policy makers can
grow the economy through their support on entrepreneurship development
in Bauchi state. Which has been identified as the momentum for Nigeria
economic growth (Onuoha, 1994).
Thus the justification of the research.
The
findings of the research will therefore, provide a veritable base for
the effective functioning of microfinance to the development of
entrepreneurial activities.
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