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Title Bolstering the Impact of Financial Inclusion on the Performance of Selected Deposit Money Banks in Nigeria
Full text http://eprints.covenantuniversity.edu.ng/18567/1/innovation%20osifo.pdf
Date 2024
Author(s) Osifo, I. S; Olokoyo, F. O.; Ikpefan, Ochei Ailemen
Abstract This study investigates the impact of financial inclusion on the financial performance of deposit money banks in Nigeria. The problem statement arises from the need to understand how various dimensions of financial inclusion, including loans to customers, deposits, bank branches, mobile banking, and agency banking, influence the returns on assets (ROA) of deposit money banks in Nigeria. Drawing on theories of financial intermediation and inclusive growth, the research adopts a quantitative approach, employing panel EGLS regression analysis to analyze data collected from ten deposit money banks over an eleven-year period (2011-2022). The findings reveal significant positive relationships between loans to customers, deposits, bank branches, mobile banking, agency banking, and ROA, highlighting the importance of financial inclusion in enhancing the performance of deposit money banks. The study concludes that fostering financial inclusion through targeted policies and initiatives can contribute to the resilience, stability, and sustainability of the banking sector in Nigeria. The implications underscore the importance of promoting inclusive financial systems to foster economic growth, reduce poverty, and enhance social welfare. As a recommendation, policymakers should prioritize measures aimed at expanding access to financial services, leveraging technology, enhancing financial literacy, and strengthening regulatory frameworks to facilitate greater financial inclusion and deepen the impact on the broader economy.
Subject(s) HF Commerce; HJ Public Finance
Language en
Publisher http://www.journal-innovations.com
Relation http://eprints.covenantuniversity.edu.ng/18567/
Type of publication Article; PeerReviewed
Format application/pdf
Identifier Osifo, I. S and Olokoyo, F. O. and Ikpefan, Ochei Ailemen (2024) Bolstering the Impact of Financial Inclusion on the Performance of Selected Deposit Money Banks in Nigeria. Innovations, 76.
Repository Nigeria - Covenant University
Added to C-A: 2024-11-11;08:58:23