Financial Inclusion and Investment in Nigeria
This study examines the relationship between financial inclusion and investment in Nigeria. Many studies have focused on examining the relationship between financial inclusion andeconomic growth, however, economic growth cannot be achieved without sustainable investment guaranteed by financial inclu...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Ovidius University Press
2018-01-01
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| Series: | Ovidius University Annals: Economic Sciences Series |
| Subjects: | |
| Online Access: | http://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2019/02/6.pdf |
| _version_ | 1811326208872284160 |
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| author | Omojolaibi Joseph Ayoola Popogbe Oluwaseyi Omowunmi |
| author_facet | Omojolaibi Joseph Ayoola Popogbe Oluwaseyi Omowunmi |
| author_sort | Omojolaibi Joseph Ayoola |
| collection | DOAJ |
| description | This study examines the relationship between financial inclusion and investment in Nigeria.
Many studies have focused on examining the relationship between financial inclusion andeconomic growth, however, economic growth cannot be achieved without sustainable investment guaranteed by financial inclusion. This study thus seeks to bridge this gap and fill the lacuna.
Annual time series data was obtained from the CBN statistical bulletin and for the period 1981-2015. The study makes use of the autoregressive distributed lag (ARDL) bound co-integration testand error correction model. The outcomes of the study show that not all the three criteria for financial inclusion (availability, accessibility and affordability) guarantee investment in the Nigerian economy. This study recommends that private individuals should have uncomplicated access to credit and fair distribution of commercial banks in the rural setting of the state. |
| first_indexed | 2024-04-13T14:46:07Z |
| format | Article |
| id | doaj.art-831a5b4e36294b388951d20255d02ed5 |
| institution | Directory Open Access Journal |
| issn | 2393-3127 2393-3127 |
| language | English |
| last_indexed | 2024-04-13T14:46:07Z |
| publishDate | 2018-01-01 |
| publisher | Ovidius University Press |
| record_format | Article |
| series | Ovidius University Annals: Economic Sciences Series |
| spelling | doaj.art-831a5b4e36294b388951d20255d02ed52022-12-22T02:42:44ZengOvidius University PressOvidius University Annals: Economic Sciences Series2393-31272393-31272018-01-01XVIII23242Financial Inclusion and Investment in NigeriaOmojolaibi Joseph Ayoola0Popogbe Oluwaseyi Omowunmi1University of LagosUniversity of LagosThis study examines the relationship between financial inclusion and investment in Nigeria. Many studies have focused on examining the relationship between financial inclusion andeconomic growth, however, economic growth cannot be achieved without sustainable investment guaranteed by financial inclusion. This study thus seeks to bridge this gap and fill the lacuna. Annual time series data was obtained from the CBN statistical bulletin and for the period 1981-2015. The study makes use of the autoregressive distributed lag (ARDL) bound co-integration testand error correction model. The outcomes of the study show that not all the three criteria for financial inclusion (availability, accessibility and affordability) guarantee investment in the Nigerian economy. This study recommends that private individuals should have uncomplicated access to credit and fair distribution of commercial banks in the rural setting of the state.http://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2019/02/6.pdffinancial inclusioninvestmentgross capital formationautoregressive distributed lag model |
| spellingShingle | Omojolaibi Joseph Ayoola Popogbe Oluwaseyi Omowunmi Financial Inclusion and Investment in Nigeria Ovidius University Annals: Economic Sciences Series financial inclusion investment gross capital formation autoregressive distributed lag model |
| title | Financial Inclusion and Investment in Nigeria |
| title_full | Financial Inclusion and Investment in Nigeria |
| title_fullStr | Financial Inclusion and Investment in Nigeria |
| title_full_unstemmed | Financial Inclusion and Investment in Nigeria |
| title_short | Financial Inclusion and Investment in Nigeria |
| title_sort | financial inclusion and investment in nigeria |
| topic | financial inclusion investment gross capital formation autoregressive distributed lag model |
| url | http://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2019/02/6.pdf |
| work_keys_str_mv | AT omojolaibijosephayoola financialinclusionandinvestmentinnigeria AT popogbeoluwaseyiomowunmi financialinclusionandinvestmentinnigeria |