The role of microfinance institutions in the economy cannot be over emphasized. It cannot be disputed that microfinance institutions give the needed support to increase productivity among the targeted groups. This research work is aimed at assessing the impact of microfinance schemes to meet the challenging needs of women in human resource development in the Sagnarigu Municipality. The study adopted a descriptive cross-sectional survey for this purpose and both simple random method (lottery or chance method) and purposive sample technique were used to achieve representativeness. Data sources in this study include primary and secondary data, and, questionnaire and interview guide were used to collect data from 55 respondents. The findings indicate that microfinance assists very poor families and communities with basic needs and protect households, communities and most especially women against risk and decision making. The study recommended that; the processing of the microfinance loans should be timely to enable women utilize the facility when it is most needed.
Science, Technology and Innovation (STI) is gradually seen by countries in Sub-Sahara African as the engine for economic growth and general uplifting of the standard of living. As a result, Innovation is embraced but institutional weaknesses hinder the required outcome. This paper's aim is to examine the connection between innovation and development in sub-Saharan Africa while considering the function of institutes and other elements. This is in light of the fact that institutions act as the lubricant for progress. The Middle East and North Africa are not included in the scope of the paper, which largely focuses on sub-Saharan African nations. Some western nations and developing economies are, nonetheless, occasionally used as comparison points. We analyze data from reputable organizations like the World Bank, Polity IV, and considering a gauge of innovation and GDP per capita, the quantity of scientific publications published as a proxy for development, the Economic Freedom of the World Project will evaluate a panel of 22 economies in sub-Saharan Africa (EFW). Our results from the POLS and GMM IV regression show, among other things, that innovation has a favorable impact on the development of Africa, even though the impact looks insignificant. Although the majority of the nations in the county have established institutional frameworks for science, technology, and innovation (STI), evidence suggests that the slow rate at which innovation contributes to national development is due to obstacles in the design and implementation of STI policies. The outcome highlights the region's little advancement in the technology-capability indicators. To establish and execute STI policies in the region, a lot more has to be done in the area of collaboration between public entities and parastatals.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
customersupport@researchsolutions.com
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.