Microfinance, Poverty and Youth Unemployment of Nigeria: A Review

Dr. Mazharul H. Kazi
Dr. Mazharul H. Kazi * §
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§ American University of Nigeria, Yola, Nigeria. American University of Nigeria, Yola, Nigeria.

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Microfinance, Poverty and Youth Unemployment of Nigeria: A Review

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Abstract

This paper acknowledges that poverty is a curse, not only for the individual who is poor, but for remainder of the community, nation and global society at large. Poverty is the violation of the basic norm of our civilization. Yet poverty persists and it is evident globally. In reality, unemployment is thought to be the basic cause of Poverty. The severity of poverty isclearly evident in underdeveloped countries; while it is often disguised in most developed nations. The measure of poverty is misleading too; as it hardly reflects true nature. Poverty may arise either from simple or very complex reasons. In Nigeria the poverty and chronic youth unemployment are both apparent. This paper examines if Nigerian microfinance programs are being effective in curbing the extent of unemployment and sever poverty from Nigeria.Accordingly, this paper investigates thegrameen bank’s microfinancemodel developed by the Nobel Laureate Dr. Yunusof Bangladesh for comparison.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Dr. Mazharul H. Kazi. 2012. "Microfinance, Poverty and Youth Unemployment of Nigeria: A Review". Global Journal of Human-Social Science - C: Sociology & Culture GJHSS-C Volume 12 (GJHSS Volume 12 Issue C13).

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Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

Keywords
AcknowledgesCivilizationIsclearlyMicrofinanceUnemployment
Classification
GJHSS-C Classification FOR Code: 140102
  • Submission ReceivedFebruary 8, 2012
  • Peer Review Double Blind
    Handling Editor
  • Accepted March 3, 2012
  • Published March 15, 2012
Version of record

v1.2

Issue date
October 13, 2012

Language
English
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Microfinance, Poverty and Youth Unemployment of Nigeria: A Review

Dr. Kazi
Dr. Kazi American University of Nigeria, Yola, Nigeria.
Dr. Kazi
Dr. Kazi
Dr. Kazi
Dr. Kazi
  • Submission ReceivedFebruary 8, 2012
  • Peer Review Double Blind
    Handling Editor
  • Accepted March 3, 2012
  • Published March 15, 2012