Management of Financial Inclusion Strategy in Nigeria

PhD. Alphonsus Chukwu Ajugwe
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PhD. Alphonsus Chukwu Ajugwe: N/A

International Journal of Research and Innovation in Social Science, 2019, vol. 3, issue 1, 182-191

Abstract: Financial Inclusion is becoming a very important component in the financial system because of its obvious advantages as a stimulus to economic growth and stability. This underpins the fact that Financial Inclusion is regarded as panacea for poverty alleviation in the developing countries. To this end, the Central bank of Nigeria (CBN) has been on the driver’s seat for the introduction, projection, and the success of the scheme in Nigeria. The aim of this paper is to critically examine and to illustrate different strategies adopted by the CBN in particular and other governmental agencies in stimulating Financial Inclusion, the extent of the success of the scheme, its positive impact on the economy and challenges facing full realization of the objectives of Financial Inclusion in Nigeria.

Date: 2019
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