Financial Inclusion and Economic Development in Nigeria

Name: Financial Inclusion and Economic Development in Nigeria
Brand: LAP Lambert Academic Publishing
SKU: 9786203196931
Price: 343.98 RON
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Autor: ZAIN ABDUL-HUSSEINI

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Editura: LAP Lambert Academic Publishing

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Financial inclusion ranks topmost in the agenda of Nations because of its potential to drive economi...

Informații despre carte

Autor

ZAIN ABDUL-HUSSEINI

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

2020

Pagini

172

EAN

9786203196931

ISBN

6203196932

Enbook ID

36228051

Editura

LAP Lambert Academic Publishing

Greutate

259

Dimensiuni

152 x 229 x 10

Descriere completă

Financial inclusion ranks topmost in the agenda of Nations because of its potential to drive economic development. The government through the Central Bank of Nigeria has developed financial inclusion policy and strategies with a view to create opportunities for the high proportion of the financially excluded population and increase economic development. This study examines the effect of financial inclusion on economic development in Nigeria between the period of 2004 and 2014. To achieve this, the study analyzed the effect of availability, accessibility/usage, and macroeconomic indicators of financial services on poverty reduction, human development, and income inequality. A stationary test was conducted using Augmented Dick Fuller (ADF). The data for this work were analyzed using ordinary least square regression. The results show that financial inclusion has a significant effect on poverty reduction, human development indices. The result also shows that the availability of financial services and the number of depositors have a positive effect on income inequality while the number of borrowers and Total credit to GDP has a negative coefficient on income inequality.

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Financial Inclusion and Economic Development in Nigeria

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