We found a match
Your institution may have rights to this item. Sign in to continue.
- Title
AN OVERVIEW OF FINANCIAL INCLUSION AND POLICY SOMERSAULTS IN NIGERIA.
- Authors
Ayadi, Olusegun Felix
- Abstract
The Nigerian government initiated a variety of focused programs to achieve financial inclusion and financial literacy which have consequence on sustainable development. The 2030 Sustainable Development Goals Agenda touches on financial inclusion within the financial system to lead to a sustainable economy. This paper sets out to evaluate the success or otherwise of the financial inclusion schemes. The study period begins in 2012 with the last major financial inclusion programme of the government. The approach involves a construction of an annual index of financial inclusion using expanded available indicators compared to previous studies. A two-stage principal component analysis is employed. The results reveal that overall financial inclusion position moved upwards but slowly compared to other developing countries. The constructed index is also positively correlated with Nigeria's human development index. The reasons for slow pace of financial inclusion may be related to several policy reversals of government and/or institutions within Nigeria.
- Subjects
FINANCE; SOMERSAULTS; SUSTAINABLE Development Goals (United Nations); MULTIPLE correspondence analysis (Statistics); ECONOMIC development
- Publication
Journal of Sustainable Development in Africa, 2022, Vol 24, Issue 3, p13
- ISSN
1520-5509
- Publication type
Article