<abstract xmlns="http://www.w3.org/1999/xhtml">

<bold>Subject and purpose of work:</bold> The literature on financial development and economic growth is expansive. The proportion of individuals and firms that use or have access to financial services can be referred to as the financially included. Considerable evidence shows that the poor benefit more from access to basic financial services such as payments, savings accounts and insurance. Thus, this study analysed the impact of financial inclusion on financial development in Nigeria between 1982 and 2019.
<bold>Materials and methods:</bold> M ultiple r egression a nalysis w as e mployed i n t he s tudy i n o rder t o properly estimate the models and get robust results.
<bold>Results:</bold> The findings reveal that financial inclusion has a minor impact on financial development. Investment was also shown to improve financial development.
<bold>Conclusions:</bold> The study recommended that policies should be directed towards creating a more inclusive financial system in order to improve the current level of financial inclusion, so as to achieve better financial development in Nigeria.
</abstract>

Subject and purpose of work: The literature on financial development and economic growth is expansive. The proportion of individuals and firms that use or have access to financial services can be referred to as the financially included. Considerable evidence shows that the poor benefit more from access to basic financial services such as payments, savings accounts and insurance. Thus, this study analysed the impact of financial inclusion on financial development in Nigeria between 1982 and 2019.
Materials and methods: M ultiple r egression a nalysis w as e mployed i n t he s tudy i n o rder t o properly estimate the models and get robust results.
Results: The findings reveal that financial inclusion has a minor impact on financial development. Investment was also shown to improve financial development.
Conclusions: The study recommended that policies should be directed towards creating a more inclusive financial system in order to improve the current level of financial inclusion, so as to achieve better financial development in Nigeria.

Empirical Analysis of Financial Development and Financial Inclusion Nexus in Nigeria

Economic and Regional Studies / Studia Ekonomiczne i Regionalne

This work is licensed under the Creative Commons Attribution 4.0 International License.

Subject and purpose of work: The literature on financial development and economic growth is expansive. The proportion of individuals and firms that use or have...

Empirical Analysis of Financial Development and Financial Inclusion Nexus in Nigeria

Online veröffentlicht: 13. Juli 2022

Seitenbereich: 181 - 195

Eingereicht: 01. Jan. 2022

Akzeptiert: 01. März 2022

DOI: https://doi.org/10.2478/ers-2022-0012

Schlüsselwörter
financial inclusion, financial development, investment, deposits

© 2022 Onyinye I. Anthony-Orji et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Empirical Analysis of Financial Development and Financial Inclusion Nexus in Nigeria

Online veröffentlicht: 13. Juli 2022

Seitenbereich: 181 - 195

Eingereicht: 01. Jan. 2022

Akzeptiert: 01. März 2022

DOI: https://doi.org/10.2478/ers-2022-0012

Schlüsselwörterfinancial inclusion, financial development, investment, deposits

© 2022 Onyinye I. Anthony-Orji et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Schlüsselwörter
financial inclusion, financial development, investment, deposits