THE ROLE OF FINANCIAL INCLUSION IN WOMEN’S ECONOMIC EMPOWERMENT: EVIDENCE FROM NIGERIA

Omoniyi Yemi Ogunrinde
Additional contact information
Omoniyi Yemi Ogunrinde: Programme Policy Officer, United Nations Nigeria, Abuja, Nigeria.

Studii Financiare (Financial Studies), 2024, vol. 28, issue 1, 26-49

Abstract: The inclusion of women into the financial system promotes economic development. However, in Nigeria, women face disproportionate financial exclusion. The main purpose of this study was to examine the role of financial inclusion in women's economic empowerment within the Nigerian context. Employing a quantitative approach, the study surveyed Nigerian women in two self-help groups to evaluate the extent to which financial inclusion had contributed to their economic empowerment. The results indicate that financial inclusion significantly facilitates women's economic empowerment in terms of improved access to financial systems, affordable financial products, and investment avenues. These underscore the role of financial inclusion in elevating women's economic empowerment. Policymakers, practitioners, and researchers can leverage these findings to inform tailored interventions promoting women's financial inclusion and empowerment. The researcher's unique contribution lies in the comprehensive exploration of the relationship between financial inclusion and economic development significantly furthering the expansion of specialised scientific literature by enhancing discourse on the intricate relationship between financial inclusion and women's economic empowerment. The study encourages further research to explore the connection between financial inclusion and women's economic empowerment by assessing diverse social, cultural, and economic contexts, the long-term impact of financial inclusion, and gaining deeper insight into the role of this inclusion through qualitative inquiry.

Keywords: female inclusion; social welfare; financial system; economic empowerment; Nigeria (search for similar items in EconPapers)
JEL-codes: G21 I32 J16 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.icfm.ro/RePEc/vls/vls_pdf/vol28i1p26-49.pdf

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:vls:finstu:v:28:y:2024:i:1:p:26-49

Access Statistics for this article

More articles in Studii Financiare (Financial Studies) from Centre of Financial and Monetary Research "Victor Slavescu" Contact information at EDIRC.
Bibliographic data for series maintained by Daniel Mateescu ().