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ORIGINAL ARTICLE
Empirical analysis of financial development and financial inclusion nexus in Nigeria
1
Department of Economics, University of Ngeriai, Nigeria
2
Department of Economics,, University of Nigeria, Nsukka, Nigeria
3
Department of Economics, University of Nigeria, Nsukka, Nigeria
4
Department of Economics, University of Nigeria, Nigeria, Nigeria
5
Department of Economics, University of Nigeria, Nigeria
Submission date: 2022-01-07
Final revision date: 2022-03-15
Acceptance date: 2022-03-17
Online publication date: 2022-06-30
Publication date: 2022-06-30
Corresponding author
Anthony Orji
Department of Economics,, University of Nigeria, Nsukka, 817 Imoke Street, 410001, Nsukka, Nigeria
Department of Economics,, University of Nigeria, Nsukka, 817 Imoke Street, 410001, Nsukka, Nigeria
Economic and Regional Studies 2022;15(2):181-195
KEYWORDS
TOPICS
ABSTRACT
Subject and purpose of work: The study analyzed the impact of financial inclusion on financial development in Nigeria over the period of 1982-2019. Multiple regression analysis was employed in the study in order to estimate the models properly and get robust results. The findings reveal that financial inclusion impacts on financial development to a very large extent. Materials and methods: Multiple Regression Analysis was employed in the study in order to estimate the models properly and get robust results. Results: The findings reveal that financial inclusion impacts on financial development to a very large extent. Deposits of rural branches of commercial banks reflected a negative relationship with financial development. Investment also had a positive relationship with financial development. Conclusions: The study recommended that policies should be directed towards creating more inclusive financial system to improve on the current level of financial inclusion, so as to achieve better financial development in Nigeria.
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