Delta State Oil Producing Areas Development Commission Mandate of Educational and Micro- Credit Scheme and the Development of Oil host Communities

Global Advanced Research Journal of Management and Business Studies (ISSN: 2315-5086) November 2017 Vol. 6(7), pp 223-228

Original Research Articles

Delta State Oil Producing Areas Development Commission Mandate of Educational and Micro- Credit Scheme and the Development of Oil host Communities

Boye-Akelemor, Ejiro Edith¹, DR. G. Otto² and Professor L. Ohale³

¹Department of Economics Faculty of Social Sciences, University of Port-Harcourt, Rivers State, Nigeria

^2,3 Department of Economics, Faculty of Social Sciences, University of Port-Harcourt, Rivers State, Nigeria

Corresponding author Email: akelemorejiro@yahoo.co.uk

Accepted 23 November 2017

Abstract

The study investigated the Delta State Oil Producing Areas Development Commission (DESOPADEC) provision of educational and micro credit scheme and the development of oil host communities in Delta State. The objective of the study is to investigate the extent to which DESOPADEC provision of educational and micro credit scheme have brought development in the oil host communities in Delta State. In other to carry out the study, two research questions were raised and two hypotheses formulated. Review of related literature was based on both theoretical and empirical studies on development. Descriptive survey research design was adopted for the study. The sample for the study was 366. The proportionate stratified sampling technique was adopted in selecting the respondents. The result of the study shows that DESOPADEC educational scheme have increase literacy rate. Similarly, the results shows that micro credit scheme have significantly boosted economic activities in the oil host communities. Based on the results, it was suggested that funds meant for the commission should be promptly released.

Keywords: Oil, Oil Producing Areas, Educational And Micro- Credit Scheme