Year-end Sale % OFF 
Abstract
The study examined the economic implication of COWAN poverty alleviation programme in rural women. Multi-stage sampling technique was used to select 100 respondents from Ikare and Ugbe from Akoko North East and Oka and Akungba from Akoko South West. The data collected were analysed with the aid of descriptive statistics and simple regression analysis to examine the socio-economic characteristics of respondents and the efficiency of COWAN micro finance initiative. Results showed that 35% of respondents have no formal education while 30, 24 and 11% has primary school, secondary school and above secondary education respectively. The mean age reported was 39 years showing that the respondents were still in their economically active years. Result also showed that loans facilities from COWAN has positive influence on the level of income and the result of the return to scale analysis showed efficient utilization of the loans. It is therefore recommended that COWAN should be encouraged to give greater loans facilities to interested borrowers in the study area.
Highlights
Poverty is a common plague afflicting people all over the world especially in the less developed countries
This study aims at examining the activities of Country Women Association of Nigeria (COWAN) as it relates to poverty alleviation among rural women
Primary data were collected with the aid of well structured questionnaire while secondary data were collected from relevant text books, journals and COWAN publications
Summary
Poverty is a common plague afflicting people all over the world especially in the less developed countries. According to M.L. Jhingan (2003), poverty is misery-go-round plaguing the less developed countries[1]. Nigeria enjoyed steady economic growth and relative stability in the 1960s and 70s especially with emergence of the mining industries. The per-capita income grew steadily and few people were between the poverty line as the agricultural public and industrial sectors absorbed a highest percentage of the labor force. Poverty has remained one of the most pressing issues in Nigeria today. It has become entrenched and multifaceted over the years, it has defied efforts at eradicating it. Poverty is associated with lack of inadequate basic necessities of life such as food, clothing, light and shelter among others
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