Economics of Rotating Savings in Nigeria

The book "Economics of Rotating Savings in Nigeria" by Olayinka Akinlo offers a comprehensive examination of the characteristics and processes of Rotating Savings and Credit Associations (ROSCAs) in Osun, Nigeria. It highlights the perceptions and characteristics of participants in this program and analyzes the various factors that influence the ability and willingness to participate in ROSCAs. The study is based on primary data collected from six cities through a stratified random sample. The results show that even highly educated individuals and public sector employees participate in ROSCAs, challenging the common assumption that only low-income and less-educated people are involved. The findings suggest that participation in ROSCAs is beneficial for participants and appeals to a wide range of groups, regardless of education, gender, marital status, and age.