Статья

Financial Inclusion and Poverty Alleviation: A Critical Analysis in Nigeria

Chinonyerem Matilda OmenihuDepartment of Finance, Accounting and Risk, Glasgow Caledonian University, Glasgow G4 0BA, UKSanjukta BrahmaDepartment of Finance, Accounting and Risk, Glasgow Caledonian University, Glasgow G4 0BA, UKEpameinondas KatsikasDepartment of Management, University of Kent, Canterbury CT2 7NZ, UKDemetris VrontisGnosis: Mediterranean Institute for Management Science, Department of Management, School of Business, University of Nicosia, Nicosia 2417, CyprusEvangelia SiachouDepartment of Economics, National and Kapodistrian University of Athens, 15772 Athens, GreeceIoannis KrasonikolakisDepartment of Electronic and Electrical Engineering, University of Bath, Bath BA2 7AY, UK

2024en

ABI

Аннотация

The study looks at the impact that the three dimensions of financial inclusion (FI) (i.e., access, usage, quality) may have on poverty alleviation. In doing so, the study relies on demand and supply-side data to measure Nigeria’s FI. The demand-side data were derived from the 2021 Global Findex data, and the supply side data were sourced from the IMF Access survey database (2004–2021). The supply-side data were analysed using the ordinary least squares regression (OLS), while the demand-side data were analysed using the probit regression model. The study outcomes revealed a negative and significant relationship between financial access and poverty rate, further indicating that those who use financial services are less likely to experience poverty. The study recommends that financial service providers tailor their financial products to align with the educational level of the target population to encourage savings.

Перевод пока недоступен

Идентификаторы

DOI: 10.3390/su16198528

Цитирования и источники

Цитирований: 3Использованных источников: 0

Показатели — AkademScholar