School of Innovative Technology (SIT)
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School of Innovative Technology (SIT)
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Item Advancing inclusive growth in Nigeria: the role of financial inclusion in poverty, inequality, household expenditure, and unemployment(Indonesian Journal of Islamic Economics Research, 2020) Musa Abdullahi Sakanko; Joseph David; Aliyu Musari OnimisiThis study employs ARDL bounds testing technique to examine the effect of financial inclusion on inclusive growth in Nigeria, using quarterly data from 2007-2018. The empirical evidence reveals the presence of cointegration between financial inclusion indicators (account ownership, access to bank, ATM and credit, loans to SMEs and internet usage) and inclusive growth (poverty, household expenditure, employment, and per capita income). The results demonstrate that, while increase in account ownership, and access to bank and ATM raise poverty, and access to credit, loans to SMEs and internet usage reduces employment and per capita income in the long-run, it was also discovered that access to credit reduce poverty and increase household consumption, while account ownership and access to bank increases employment and per capita income in the long-run. In the short-run: lag of account ownership, access to ATM and credit, loan to SMEs and internet usage reduces poverty; lag of household expenditure, account ownership, and access to ATM and lag of internet usage increases household expenditure; lags of access to ATM and lags of internet usage (and account ownership and access to the bank) increases employment opportunities (and per capita income), and access to ATM and credit reduces employment and per capita income respectively.Item ANALYSIS OF THE IMPACT OF FINANCIAL INCLUSION ON POVERTY REDUCTION IN MINNA NIGER STATE, NIGERIA(Abuja Journal of Economics and Allied Field, 2018) Musa Abdullahi Sakanko; Audu Abdulkareem Usman; Musa Clement Lawal; Aliyu Musari OnimisiUndoubtedly, financial inclusion has been considered as one of the ways of reducing poverty be-cause it favours mainly low-income groups by bringing a lot of welfare benefits to them through the basic services offered by financial institutions such as mobilization of savings, risk reduction, monitoring and advise, cost mitigation, reduction of information asymmetry, and allocation of funds to the most competent entrepreneurs to promote technological innovation and hence eco-nomic development. The study investigated the impact of Financial Inclusive on poverty reduction in Minna using logistics regression and the result revealed that formal ownership of the account, Financial adviser, teller point, and access to formal credit lead to an improvement in the welfare of people and statistically significant. Therefore, the study concludes that formal ownership of the account, financial adviser, teller point, and access to credit will help in the reduction of poverty in Minna Metropolis. Thus, recommend fiscal regulation, installation of teller or ATM point in stra-tegic places in both the rural and urban area, the establishment of customer advisory unit or de-partment in commercial banks, and checkmate of the commercial bank’s loan procedure by Central Bank of Nigeria,