By Graham Orodje In March the Ag Chairman of Lagos National Association of Microfinance Banks (NAMB) Mr Olufemi Babjide announced that 183 Microfinance Banks (MFBs) had applied for access to the Lagos State Microfinance Institution (LASMI) fund. LASMI must be commended for making funds available to MFBS to enable them to continue lending to those... 

By Graham Orodje - As a native of Delta State I was extremely proud to read that the State had won the award as the best at supporting Micro-credit financing at the recently concluded 5th Annual Microfinance Conference and Entrepreneurship Awards. This is the third year Delta State has won this award. It means those responsible for developing and... 

// By Graham Orodje - I wrote an article in 2010 entitled ‘State of Microfinance in Nigeria’. In it I highlighted some of the issues affecting Microfinance in the country, from the haphazard manner in which Microfinance was introduced into the country, to the grandiose ambitions of some MFB directors and embezzlement of depositors’ funds. ... 

By Graham Orodje - Until the reported crisis, investment in Microfinance in India was seen as very attractive by many equity providers. Massive investments went into some of the biggest Microfinance Banks in the country. Some of the investments achieved tremendous rates of return. This was particularly true of SKS Microfinance investors following its... 

By Graham Orodje, Editor Microfinance Nigeria - I read and republished an article on this website entitled ‘Depositors Always Suffer’. In it the article claims CBN should be blamed for the current problem engulfing Microfinance in Nigeria. The article also claims that the problems are as a result of CBN’s policy. Please read the article on... 

By Graham Orodje, Editor of Microfinance Africa - Since the cancelling of 224 Microfinance Banks there have been numerous articles on the issue. Many of the articles blame the CBN for the state of Microfinance in Nigeria, but is this justified? When Licences were granted to MFBs, there are levels of expectation and responsibility that is expected of... 

By Graham Orodje, Microfinance Africa - As the Central Bank of Nigeria (CBN) and the Nigerian Deposit Insurance Corporation (NDIC) continue to untangle the mess created by Microfinance practitioners, there is renewed optimism that the sector will finally fulfil its potential. There is little doubt that the investigations undertaken by the CBN and... 

By Graham Orodje, Editor of Microfinance Africa - The CBN and NDIC continue to attempt to clean and resurrect Microfinance in Nigeria. Many of their initiatives have met with positive response from the sector. There is strong belief that many of the initiatives will turn the sector around, although some have met with resistance. There is also increasing... 

By Graham Orodje, Microfinance Africa – Nigerian Microfinance industrry appears to be stumbling from one crisis to another, ranging from accusations fraud to embezzlement of depositors funds. There are now many Microfinance Banks (MFB) facing financial difficulty and potential liquidation. A large proportion of the current problems been faced...