Impact of Financial Inclusion on Economic Growth in Nigeria
| dc.contributor.author | Abdulmunin, Biliqees | |
| dc.contributor.author | Ajayi, Micheal | |
| dc.contributor.author | Kolawole, Kayode | |
| dc.contributor.author | Oyeleye, Kafilat | |
| dc.date.accessioned | 2023-01-13T08:49:58Z | |
| dc.date.available | 2023-01-13T08:49:58Z | |
| dc.date.issued | 2019 | |
| dc.description.abstract | Globally, the financial sector of any economy is reputed to be the engine of growth and a catalyst for sustainable transformation. However, a large number of Nigerian population lack access to formal financial services. Hence the study examined the effect of financial inclusion on economic growth in Nigeria. In line with this objective, the method of analysis used in the study was Autoregressive Distributed Lags (ARDL) models on the time series which covered from 2005 to 2018. The study revealed that there is an existence of a long-run relationship between financial inclusion and economic growth in Nigeria. The study concluded that financial inclusion is a relevant determinant of economic growth in Nigeria. The study, therefore, recommended the promotion of the use of services of Deposit Money Banks (DMBs), Microfinance Banks (MFBs), credit union and cooperative societies to promote the contribution of financial inclusion to economic growth in Nigeria. | en_US |
| dc.identifier.uri | https://uilspace.unilorin.edu.ng/handle/20.500.12484/8358 | |
| dc.publisher | Published by Department of Finance, University of Ilorin | en_US |
| dc.title | Impact of Financial Inclusion on Economic Growth in Nigeria | en_US |