Measuring financial inclusion: a survey-based approach

Akinwumi Sharimakin and Anthony Akinlo

International Journal of Services, Economics and Management, 2024, vol. 15, issue 6, 623-649

Abstract: The study measured the extent of financial inclusion in Southwestern Nigeria in the year 2021. Data on ten indicators of three dimensions (outreach, ease of transaction, and cost of transaction) were collected through surveys. Usage dimension of index of financial inclusion was separately measured with data on the use of ten financial instruments in the last one year. The results of outreach, ease and cost of transaction, averagely showed a fair extent of financial inclusion in Southwestern Nigeria. The frequency and depth of usage of financial instruments revealed that only a few number of households made regular use of financial services. More policy efforts of the government, banks and regulatory authorities are still needed at ensuring that formal financial services are available and affordable to all qualified adults.

Keywords: financial inclusion; survey; financial instruments; usage dimension; household; index of financial inclusion; IFI. (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=142454 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:injsem:v:15:y:2024:i:6:p:623-649

Access Statistics for this article

More articles in International Journal of Services, Economics and Management from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().