Financial Inclusion and Economic Growth in Nigeria

Cilt: 5 Sayı: 3 1 Eylül 2015
  • Abiola A. Babajide
  • Folasade B. Adegboye
  • Alexander E. Omankhanlen
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EN

Financial Inclusion and Economic Growth in Nigeria

Abstract

Financial development is not simply a result of economic growth; it is also the driver of economic growth. Financial inclusion (FI), a feature offi nancial development, is a process that marks improvement in quantity, quality, and effi ciency of fi nancial intermediary services. It generates localsavings, which increase productive investments in local businesses. This paper investigated the impact of FI on economic growth in Nigeria. It aimedto highlight the determinants of FI and its impact on economic growth. Secondary data were sourced from world development indicators and ordinaryleast square regression model was used to analyze the data. The result shows that FI is a signifi cant determinant of the total factor of production, aswell as capital per worker, which invariably determines the fi nal level of output in the economy. This study recommends that natural and economicresources should be adequately harnessed, as alternative means of revitalization and diversifi cation of Nigeria’s oil-dependent monocultural economy.

Keywords

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

-

Yazarlar

Abiola A. Babajide Bu kişi benim

Folasade B. Adegboye Bu kişi benim

Alexander E. Omankhanlen Bu kişi benim

Yayımlanma Tarihi

1 Eylül 2015

Gönderilme Tarihi

1 Eylül 2015

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2015 Cilt: 5 Sayı: 3

Kaynak Göster

APA
Babajide, A. A., Adegboye, F. B., & Omankhanlen, A. E. (2015). Financial Inclusion and Economic Growth in Nigeria. International Journal of Economics and Financial Issues, 5(3), 629-637. https://izlik.org/JA77WG74XU
AMA
1.Babajide AA, Adegboye FB, Omankhanlen AE. Financial Inclusion and Economic Growth in Nigeria. IJEFI. 2015;5(3):629-637. https://izlik.org/JA77WG74XU
Chicago
Babajide, Abiola A., Folasade B. Adegboye, ve Alexander E. Omankhanlen. 2015. “Financial Inclusion and Economic Growth in Nigeria”. International Journal of Economics and Financial Issues 5 (3): 629-37. https://izlik.org/JA77WG74XU.
EndNote
Babajide AA, Adegboye FB, Omankhanlen AE (01 Eylül 2015) Financial Inclusion and Economic Growth in Nigeria. International Journal of Economics and Financial Issues 5 3 629–637.
IEEE
[1]A. A. Babajide, F. B. Adegboye, ve A. E. Omankhanlen, “Financial Inclusion and Economic Growth in Nigeria”, IJEFI, c. 5, sy 3, ss. 629–637, Eyl. 2015, [çevrimiçi]. Erişim adresi: https://izlik.org/JA77WG74XU
ISNAD
Babajide, Abiola A. - Adegboye, Folasade B. - Omankhanlen, Alexander E. “Financial Inclusion and Economic Growth in Nigeria”. International Journal of Economics and Financial Issues 5/3 (01 Eylül 2015): 629-637. https://izlik.org/JA77WG74XU.
JAMA
1.Babajide AA, Adegboye FB, Omankhanlen AE. Financial Inclusion and Economic Growth in Nigeria. IJEFI. 2015;5:629–637.
MLA
Babajide, Abiola A., vd. “Financial Inclusion and Economic Growth in Nigeria”. International Journal of Economics and Financial Issues, c. 5, sy 3, Eylül 2015, ss. 629-37, https://izlik.org/JA77WG74XU.
Vancouver
1.Abiola A. Babajide, Folasade B. Adegboye, Alexander E. Omankhanlen. Financial Inclusion and Economic Growth in Nigeria. IJEFI [Internet]. 01 Eylül 2015;5(3):629-37. Erişim adresi: https://izlik.org/JA77WG74XU