Financial Inclusion and Economic Growth in Nigeria
Covenant University · University of Benin
Abstract
The study investigated the link between financial inclusion and economic growth in Nigeria over the period 2009 to 2023. The specific objectives of the study were to find out whether automated teller machine (ATM), number of registered mobile money accounts (RMM), private credit to GDP (PCR), number of bank branches (NBB) and total volume of mobile money transactions to GDP (VMM) significantly affected economic growth. For this reason, the fully modified ordinary least squares (FMOLS) method was employed for the analysis of data and the results obtained indicated that automated teller machine (ATM), private credit to GDP (PCR), number of bank branches (NBB) and total volume of mobile money transactions to GDP…
Citation impact
- FWCI
- 44.11
- Percentile
- 100%
- References
- 31
Authors
2- JOJeffrey Ogie EguavoenCorresponding
Covenant University, University of Benin
- SASimon Ayo Adekunle
Covenant University, University of Benin
Topics & keywords
- Financial inclusion
- Business
- Ordinary least squares
- Inclusive growth
- Capital (architecture)
- Production (economics)
- Finance
- Quality (philosophy)
- Reduced inequalities