EconPapers    
Economics at your fingertips  
 

Financial Inclusion in Ondo State, Nigeria: Determinants and Its Impact on Poverty

Anthony Akinlo and Sharimakin Akinwumi

Review of Market Integration, 2019, vol. 11, issue 3, 151-175

Abstract: The study examined the determinants of financial inclusion in Ondo State, Nigeria, and investigated its impact on poverty in the state. The study used a survey method to obtain primary data by administering questionnaires on 450 adult individuals aged 18 years and above in the 18 local government areas of Ondo State. A multi-stage sampling procedure was used to identify the units of analysis individual. The results from logistic regression showed that the main determinants of financial inclusion in the state were age, genders, financial discipline, religion, income, location, trust, alternatives, ICT inclination, documentation, household size, tertiary education, married, civil servant, self-employed, distance 2 and distance 3 . Asides, financial inclusion was found to have a significant effect on poverty in the state. The article recommends increased financial inclusion in Ondo state to enhance the welfare of the people.

Keywords: Financial inclusion; poverty; determinants; logistic regression; Ondo State (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0974929220978343 (text/html)

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:sae:revmar:v:11:y:2019:i:3:p:151-175

DOI: 10.1177/0974929220978343

Access Statistics for this article

More articles in Review of Market Integration from India Development Foundation
Bibliographic data for series maintained by SAGE Publications ().

 
Page updated 2023-01-08
Handle: RePEc:sae:revmar:v:11:y:2019:i:3:p:151-175