INDIGENOUS SAVINGS AND MUTUAL AID ASSOCIATIONS IN NIGERIA AN ANALYSIS
INDIGENOUS SAVINGS AND MUTUAL AID ASSOCIATIONS IN NIGERIA AN ANALYSIS
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Date
1988-09
Authors
ADAMU, AYEYE FRANKLIN
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Abstract
A B S T R A C T
This project seeks ho appraise the financial system
and the modalities of its operations. The highlight is
that the financial system is divided into the organised
and the unorganised sectors, each with its values,
expectations and approaches to financial intermedeation.
Within the present setup however, there exist a lot
of duplication, waste of resources; and also much prospect
for pooling ideas, complementing efforts and doing a better
job of mobilizing savings and providing credit facilities
for their numerous customers. Such idea of building a
bridge between the two sectors requires a lot; the organised
sector has the resources and logistics, the unorganised has
not, the former also has the legal recognition but the latter
lias not. The unorganised is keen on developing and maintaining
relations, but the organised sector has not given it a
thought. Why is the unorganised sector so desperate? The
indigenous savings and mutual aid associations which occupy
the Lnformal financial jungles of this country has a lot to
offer, even though they have their own problems. If an
attempt is made to organise the unorganised sector, it will
be put in a better position to be plugged in for a better
functioning financial system.
Description
DEPARTMENT OF BUSINESS ADMINISTRATION, AHMADU
BELLO UNIVERSITY,
ZARIA.
Keywords
INDIGENOUS,, SAVINGS,, MUTUAL,, ASSOCIATIONS,, NIGERIAN,, ANALYSIS.