POVERTY REDUCTION IN NIGERIA: THE IMPACT OF FINANCIAL INCLUSION

POVERTY REDUCTION IN
NIGERIA: THE IMPACT OF
FINANCIAL INCLUSION
Ogbonna Uzoma Emmanuel
Banking and Finance Department
Ebonyi State University Abakaliki
yuzymanuel@gmail.com
&
Irem Collins O.
Banking and Finance Department
Ebonyi State University Abakaliki
iremcollinsokey@yahoo.com
&
Ibiam Chioma C.
Banking and Finance Department
Ebonyi State University Abakaliki
alunmachioma@yahoo.co.uk
ABSTRACT
This study examined the impact of financial
inclusion on poverty reduction in Nigeria.
Financial inclusion is a multifaceted concept
that has implication on several
macroeconomics goals. It is very crucial in
facilitating inclusive growth and as well
reduces the poverty level in any economy.
The study has the objectives of determining
the impact
of
commercial bank
branches per 100,000 adults on poverty
reduction in Nigeria and impact of
depositors with commercial bank per 1000
adults on poverty reduction in Nigeria. The
study is anchored on the integrationist
theory of financial inclusion. Data for this
study was gotten from CBN statistical
bulletin and national bureau of statistic.
Augmented Dickey-Fuller (ADF) test was
used to ascertain the stationarity of the data
used. Ordinary least square multiple
regression was used for data analysis. The
study revealed that commercial bank
branches per 100,000 adults and depositorsBook of Abstract
with commercial bank per 1000 adults have
impact on poverty reduction in Nigeria. The
study concluded that financial inclusion is
very vital on poverty reduction and thereby
recommended that policy makers should
encourage financial inclusion by making and
implementing policy that will policy that
ensures that all adult citizens are financially
included, this will go a long way in reducing
poverty in the economy.
Keywords: Financial Inclusion, Poverty Index
and Poverty Alleviation

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