An Investigation into the Level of Financial Inclusion in Sub-Saharan Africa

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dc.contributor.authorEtudaiye-Muhtar, Oyebola Fatima
dc.date.accessioned2026-04-22T06:12:59Z
dc.date.available2026-04-22T06:12:59Z
dc.date.issued2019
dc.description.abstractFinancial inclusion is crucial for redistribution of economic resources between the deficit and surplus units in an economy. Despite the importance of financial inclusion, especially for economic growth of developing regions such as Sub-Saharan Africa, the prevailing level of financial inclusion remain an open question. Against this background, this study investigates the level of financial inclusion in Sub Saharan Africa between 2005 and 2015. This study employs secondary data obtained from the International Monetary Fund (IMF). The data obtained was subjected to Principal Component Analysis to determine the level of financial inclusion in Sub-Saharan Africa. The findings show that Sub-Saharan Africa has a medium level of financial inclusion during the observed period with Index of Financial Inclusion (IFI) value of 0.095023. The study concludes that Sub-Saharan Africa has high propensity to achieve a high level of financial inclusion in the region if more outlets of financial institutions are established.
dc.identifier.citationAbdulmumin, B.A, Etudaiye-Muhtar, O.F, Jimoh, A.T & Sakariyahu, O.R. (2019). An Investigation into the Level of Financial Inclusion in Sub-Saharan Africa. Scientific Annals of Economics and Business, 66 (1), 41-63. Published by Faculty of Economics and Business Administration, Alexandru Ioan Cuza University of Iasi, Romania. Available at http://saeb.feaa.uaic.ro/index.php/saeb/article/view/280/125
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/123456789/17549
dc.language.isoen
dc.publisherFaculty of Economics and Business Administration, Alexandru Ioan Cuza University of Iasi, Romania
dc.subjectfinancial inclusion
dc.subjectfinancial inclusion index
dc.subjectSub-Saharan Africa
dc.titleAn Investigation into the Level of Financial Inclusion in Sub-Saharan Africa

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