Abstract
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.
| Original language | English |
|---|---|
| Article number | 8528 |
| Journal | Sustainability (Switzerland) |
| Volume | 16 |
| Issue number | 19 |
| Early online date | 30 Sept 2024 |
| DOIs | |
| Publication status | Published - 1 Oct 2024 |
| Externally published | Yes |
Data Availability Statement
Data are contained within the article.Keywords
- access
- financial inclusion
- macro data
- micro data
- quality
- usage
ASJC Scopus subject areas
- Computer Science (miscellaneous)
- Geography, Planning and Development
- Renewable Energy, Sustainability and the Environment
- Environmental Science (miscellaneous)
- Energy Engineering and Power Technology
- Hardware and Architecture
- Computer Networks and Communications
- Management, Monitoring, Policy and Law
