Financial inclusion in Nigeria: an overview

Peterson Kitakogelu Ozili

MPRA Paper from University Library of Munich, Germany

Abstract: This paper analyse the level of financial inclusion in Nigeria using data from the global findex indicators. The findings reveal that Nigeria witnessed growth in several financial inclusion indicators in the early years of financial inclusion in 2014 but the benefits were not sustained in the later years especially in 2017. Nigeria’s level of financial inclusion is very low compared to the World average. In the population group analysis, it was observed that the female, poorest, male, older and uneducated population were worse-off in all indicators of financial inclusion in 2017. The implication of the observed decline in the level of financial inclusion in 2017 suggest that there are barriers to financial inclusion in the post-2014 years.

Keywords: formal account; borrowing; sustainable development; Nigeria; financial inclusion; access to finance; financial institutions; credit cards; debit cards; account ownership; female; savings. (search for similar items in EconPapers)
JEL-codes: G21 G23 G28 G29 (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-ban, nep-fdg, nep-fle and nep-pay
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:113572

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