Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Financial Inclusion and the Performance of Real Sector in Nigeria

Financial Inclusion and the Performance of Real Sector in Nigeria

Ogundajo, Grace
Omonokhua, Charity
Olayinka, Moses

Paperback

Business General

ISBN10: 6208223644
ISBN13: 9786208223649
Publisher: LAP Lambert Academic Publishing
Published: Oct 16 2024
Pages: 120
Weight: 0.41
Height: 0.28 Width: 6.00 Depth: 9.00
Language: English
This study examines the relationship between financial inclusion and the performance of Nigeria's real sector, encompassing agriculture, industry, and services, using 33 years of data (1990-2022) from the Central Bank of Nigeria. Financial inclusion, defined as access to essential financial services, is measured through indicators like broad money supply, credit to the private sector, lending rate, and the number of bank branches. Using the Fully Modified Ordinary Least Square (FMOLS) approach, the study finds that broad money supply and credit to the private sector significantly improve productivity across all sectors, while higher lending rates and more bank branches negatively affect performance, especially in agriculture and industry. The research highlights the crucial role of financial inclusion in enhancing the real sector's productivity and recommends policies to lower credit costs and promote financial deepening, particularly for small and medium enterprises, to drive Nigeria's economic growth.

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