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Are women financially excluded from formal financial services? Analysis of some selected local government areas in Lagos State, Nigeria

Author

Listed:
  • Joseph A. OMOJOLAIBI

    (Department of Economics, University of Lagos, Nigeria)

  • Adaobi Geraldine OKUDO

    (Department of Economics, University of Lagos, Nigeria)

  • Deborah A. SHOJOBI

    (Department of Economics, University of Lagos, Nigeria)

Abstract

This study investigates the extent of financial exclusion among women in selected local government areas in Lagos State, Nigeria. Using survey data and econometric analysis, the study finds that women face significant barriers to accessing formal financial services. These barriers include lack of financial literacy, cultural constraints, and limited income. The study recommends targeted interventions to improve women's access to financial services and promote financial inclusion.

Suggested Citation

  • Joseph A. OMOJOLAIBI & Adaobi Geraldine OKUDO & Deborah A. SHOJOBI, 2019. "Are women financially excluded from formal financial services? Analysis of some selected local government areas in Lagos State, Nigeria," Journal of Economic and Social Thought, EconSciences Journals, vol. 6(1), pages 16-47, March.
    • Handle: RePEc:cvv:journ3:v:6:y:2019:i:1:p:16-47
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    References listed on IDEAS

    as
    1. Esther Duflo, 2012. "Women Empowerment and Economic Development," Journal of Economic Literature, American Economic Association, vol. 50(4), pages 1051-1079, December.
    2. Asli Demirguc-Kunt & Leora Klapper, 2013. "Measuring Financial Inclusion: Explaining Variation in Use of Financial Services across and within Countries," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 44(1 (Spring), pages 279-340.
    3. Ms. Era Dabla-Norris & Yan Ji & Robert M. Townsend & Ms. Filiz D Unsal, 2015. "Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality: A Structural Framework for Policy," IMF Working Papers 2015/022, International Monetary Fund.
    4. Asli Demirguc-Kunt & Leora Klapper, 2013. "Measuring Financial Inclusion: Explaining Variation in Use of Financial Services across and within Countries," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 46(1 (Spring), pages 279-340.
    5. Erica Field & Seema Jayachandran & Rohini Pande, 2010. "Do Traditional Institutions Constrain Female Entrepreneurship? A Field Experiment on Business Training in India," American Economic Review, American Economic Association, vol. 100(2), pages 125-129, May.
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    Keywords

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    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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