Bank of Industry micro, small and medium enterprises financing and poverty reduction in north-central Nigeria

Abstract

The paper studied the effects of the Bank of Industry MSME financing on poverty reduction in North-Central Nigeria. The aim was to determine the effects based (1) on the opinions of male and female stakeholders and (2) their educational qualifications. A descriptive survey technique was espoused, and it was discovered that the Bank of Industry MSMEs financing has a significant effect on poverty reduction in the region. Therefore, the Federal, state, and local governments are encouraged to be deliberate in providing more capital funding through the Bank of Industry to grow the MSMEs sector and minimise poverty, especially in north-central Nigeria.