Microfinance Institutions And Poverty Alleviation In Abia State, Nigeria

Abstract

The quest to alleviate poverty in Nigeria has been the central plank of the three tiers of government in Nigeria. Nigeria is a country-nation blessed with abundant natural and human resources. Yet the country still wallows in abject poverty. We investigated the impact of Micro-Finance Institution in alleviating poverty in Abia State, Nigeria. Information and data generated were analysed using tables, actual respondents’ perceptions and Ordinary Least Square Technique. The study saw no significant positive impact of Micro Finance Institution in reducing poverty. This could be as a result of the infancy of micro financing in Abia state, Nigeria. Recommendations were made.