Financial Inclusion: Implication on Per Capita Income in Nigeria

Babajide, Abiola Ayopo; Okunlola, Funso Abiodun; Lawal, Adedoyin Isola; Akinjare, Victoria Bosede; Lawal-Adedoyin, Bukola

doi:10.18488/journal.aefr.2021.118.603.617

Cited by 7 publications

(2 citation statements)

References 23 publications

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“…It also provides a benchmark for facilitating financial stability and scaling up of loanable funds needed for economic empowerment of women, youths, small and medium scale enterprises [30,31]. When properly done, it can improve financial planning culture for individuals, households, and businesses especially at the micro-levels [32].…”

Section: The Concept Of Financial Inclusionmentioning

confidence: 99%

Financial Technologies and Financial Inclusion in Emerging Economies: Perspectives from Nigeria

Ogunode

Akintoye

2023

AJEBA

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This paper examined the interplay between financial technologies and financial inclusion in emerging economies especially from the Nigerian perspective. The study adopted the exploratory research design involving extensive review of related published materials including statistics obtained from reputable sources such as the World Bank, the Enhancing Financial Inclusion Surveys and the Global Findex reports. The study found that while the deployment of financial technologies has aided the financial inclusion drive in Nigeria, progress is still being hampered by challenges relating to poor system interoperability, socio-cultural induced gender sensitivities, concerns of data privacy breaches and over serving of cities by Fintechs to the detriment of priority rural areas. The study therefore recommended that regulatory authorities should provide clear policy frameworks that address issues of gender sensitivities, breach of data privacy and encourage a redirection of fintech activities to priority rural areas for greater impact on the financial inclusion drive. Also, efforts should be made to improve system interoperability and linkages between the conventional banks and fintech players to mitigate the challenges of frequent downtimes and service glitches which heightens trust deficiency.

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Section: The Concept Of Financial Inclusionmentioning

confidence: 99%

Financial Technologies and Financial Inclusion in Emerging Economies: Perspectives from Nigeria

Ogunode

Akintoye

2023

AJEBA

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“…According to Babajide, Adegboye, and Omankhalen (2014); Sarma (2015); Jisha and Varghese (2016), growth will be realized sustainably if the adult population is financially inclusive. This corroborates Kam andAdign (2012), Babajde, (2014) and Andrianvo and Kpoda (201).…”

Section: Introductionmentioning

confidence: 99%

Impact of Islamic Financial Inclusion on Economic Growth in Nigeria

Mairiga

2023

IJIEG

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Although the connection between finance and growth is well deliberated in literature, attentions are now geared to non interest inclusive finance with understanding the deficiency of traditional inclusive finance. However, the impact of interest free inclusive finance on growth still is partly examined. This research work dealt with Islamic inclusive finance - growth nexus. The research employed quarterly data spanning from (2010-2020). In this work, a novel index of Islamic financial inclusivity was constructed using the (PCA) and a recently developed Bootstrap ARDL (BARDL) Cointegration technique was used in analyzing the data. The finding indicates a number of results. First, the results of BARDL demonstrates a robust association among Islamic Inclusive finance and Growth. As such, it demonstrates the presence of positive and statistically significant nexus between Islamic inclusivity finance and growth. Moreover, findings also reveal presence of cointegration among Islamic inclusivity finance and growth. As such, interest free finance can be used as a tool to help nations to exit from economic recession and other macroeconomic challenges.

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Does digital financial inclusion forecast sustainable economic growth? Evidence from an emerging economy

Amaliah,

Ali,

Sudrajad

et al. 2024

Journal of Open Innovation: Technology, Market, and Complexity

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Financial Inclusion: Implication on Per Capita Income in Nigeria

Abstract: Financial inclusion Urban creditRural deposit Rural credit Urban deposit Per capita income.

Cited by 7 publications

References 23 publications

Financial Technologies and Financial Inclusion in Emerging Economies: Perspectives from Nigeria

Financial Technologies and Financial Inclusion in Emerging Economies: Perspectives from Nigeria

Impact of Islamic Financial Inclusion on Economic Growth in Nigeria

Does digital financial inclusion forecast sustainable economic growth? Evidence from an emerging economy

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