IDEAS home Printed from https://ideas.repec.org/a/asi/ijopss/v4y2019i1p26-36id117.html
   My bibliography  Save this article

Financial Inclusion Index in Nigeria: An Exploratory Analysis

Author

Listed:
  • Barine Michael Nwidobie

Abstract

This study aims to develop a financial inclusion index for Nigeria. Analysis of secondary data on composite value of demand, time, saving and foreign deposits of deposit money banks in Nigeria (DTSFD), number of branches (BBR), deposit in rural branches (DRB), loans granted to customers in rural areas (LRA), volume of transactions via ATM (VATM), volume of transactions via mobile bank (VMP), volume of transactions via POS (VPOS), and volume of transactions via webpay (VWBP) obtained from the Central Bank of Nigeria Statistical Bulletin, 2018 using the Principal Component Analysis (PCA) identified number of bank branches, deposits in bank branches in rural areas, volume of transactions via POS, volume of transactions via the ATM, loans to account holders in rural areas and volume of transactions via webpay as the determining variables for measuring the level of financial inclusion in Nigeria. Efforts by monetary authorities at improving financial inclusion in Nigeria should focus on the variables in this index.

Suggested Citation

  • Barine Michael Nwidobie, 2019. "Financial Inclusion Index in Nigeria: An Exploratory Analysis," International Journal of Publication and Social Studies, Asian Economic and Social Society, vol. 4(1), pages 26-36.
    • Handle: RePEc:asi:ijopss:v:4:y:2019:i:1:p:26-36:id:117
    as

    Download full text from publisher

    File URL: https://archive.aessweb.com/index.php/5050/article/view/117/225
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yadav, Vishal & Singh, Shishir Kumar & Velan, Nirmala & Aftab, Md Asif, 2020. "Impact Assessment of Pradhan Mantri Jan-Dhan Yojana in Augmenting Financial Inclusion in India - A District-Level Analysis," MPRA Paper 105064, University Library of Munich, Germany.
    2. Yadava, Anup Kumar & Singh, Bhanu Pratap & Yadav, Vishal, 2021. "Nexus of Financial Inclusion and Economic Growth: Benchmarking the Performance of Indian States," MPRA Paper 108479, University Library of Munich, Germany.
    3. Bhanu Pratap Singh & Anup Kumar Yadava, 2022. "Technical efficiency of financial inclusion and human development: Insights from the Indian states," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 51(2), July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:asi:ijopss:v:4:y:2019:i:1:p:26-36:id:117. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Robert Allen (email available below). General contact details of provider: https://archive.aessweb.com/index.php/5050/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.