IJEFSD
Vol. 5 No. 7 (2023): International Journal on Economics, Finance and Sustainable Development (IJEFSD

Financial Inclusion and Economic Growth in Nigeria

Grace U. Nwansi (Unknown)
Samuel Dibiah (Unknown)



Article Info

Publish Date
14 Jul 2023

Abstract

This study examined the relationship between financial inclusion and economic growth in Nigeria. The study employed the Ordinary Least Square multiple regression to analyze the data obtained from secondary sources for the period 1991-2021. The findings revealed that combined effect of ratio of broad money to GDP, credit to private sector to GDP, aggregate loan-to-deposit ratio and liquidity ratio of commercial banks influenced economic growth in Nigeria. Based on the findings from the study, the researcher therefore conclude that the provision of banking services to the unbanked and active poor will contribute positively to the growth of Nigeria economy and recommends that banks should be encouraged to grant loans to private businesses and small scale enterprises so as to further promote economic growth.

Copyrights © 2023






Journal Info

Abbrev

IJEFSD

Publisher

Subject

Economics, Econometrics & Finance

Description

International Journal on Economics, Finance and Sustainable Development (IJEFSD) is an international, peer-reviewed, and scholarly journal aimed at being a platform for interdisciplinary researchers across the globe to develop and advance both theory and practice of economics and finance while ...