A Publication of the Department of Economics
Rivers State University, Port Harcourt.
Economic Desk Journals is an institutional based platform for academics and professionals to share the latest developments in empirical research with practical applications and analysis of theoretical andmethodological developments in the field of Economics and allied Discipline. Economic Desk Journals is a peer-reviewed open access journal. >>>
| Title: | Does Micro, Small, And Medium Enterprises Development Boosts Financial Inclusion In Nigeria |
| Author(s): | UDE Damian Kalu & EWURUM Ngozi |
| Abstract: | This study investigated the effect of micro, small and medium enterprises (MSMEs) development on financial inclusion in Nigeria. The methodology adopted for evaluation of the model is the multiple linear regression method. This choice of method is necessitated by the nature of the study which in this case is an analysis of the relationship among economic variables. The statistical methods used included Unit root test, the Cointegration test and error correction model. Data was sourced from CBN statistical Bulletin 19812021. The results show that micro, small and medium enterprises (MSMEs) development significantly boosts financial inclusion in Nigeria. More so, distance to financial services, access points and infrastructural deficiency challenged fast and effective access to financial services by MSMEs in Nigeria. The study recommends that deliberate efforts should be made to spread access points to more rural areas and improve infrastructure to promote financial inclusion. This should include a policy roadmap for expanding financial services access points to unbanked and underserved areas using the financial services geospatial map. |
| Keywords: | Bank, Financial inclusion, Enterprises, Development, Growth, MSMEs |
| Journal: | Journal of Contemporary Research in Economics and Development Studies (JCREDS) |
Copyright © 2021 - All Rights Reserved - Economic Desk Journals
Powered by 