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Rural Financing For Economic Development In Africa: Context And Reality

Author

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  • Shobande, Olatunji Abdul

    (Nnamdi Azikiwe University Faculty of Economics, Lagos, Nigeria)

Abstract

The rural home is the center of extreme poverty in Africa. Thus, increasing access to finance is not only a prerequisite for enhancing economic transformation but provide opportunity for agricultural development and financial inclusion of the poor. Base on the identifies constrained to rural financing, this study recommends that improving financial literacy and creating access to financial resource is crucial for realising the potential of rural farmer in other to contribute effectively to economic development in Africa.

Suggested Citation

  • Shobande, Olatunji Abdul, 2018. "Rural Financing For Economic Development In Africa: Context And Reality," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(46), pages 39-43, November.
    • Handle: RePEc:aio:aucsse:v:1:y:2018:i:46:p:39-43
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    File URL: http://feaa.ucv.ro/annals/v1_2018/005.pdf
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    References listed on IDEAS

    as
    1. World Bank, 2003. "Rural Financial Services : Implementing the Bank's Strategy to Reach the Rural Poor," World Bank Publications - Reports 14677, The World Bank Group.
    2. World Bank, 2014. "Global Financial Development Report 2014 : Financial Inclusion," World Bank Publications - Books, The World Bank Group, number 16238.
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    Cited by:

    1. Olatunji Abdul Shobande, 2019. "Effect of Economic Integration on Agricultural Export Performance in Selected West African Countries," Economies, MDPI, vol. 7(3), pages 1-14, August.

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    More about this item

    Keywords

    Village bank; financing; rural poor; Africa.;
    All these keywords.

    JEL classification:

    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies

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