Babajide, A. A and Lawal, Adedoyin Isola and Amodu, L. O. and Ewetan, O. O. and Esowe, Susannash Limunga and Okafor, Tochukwu Chibuzor (2020) Financial institutions concentration and financial inclusion penetration in Nigeria: a comparative analysis. JOURNAL OF CONTEMPORARY AFRICAN STUDIES, 38, (4). pp. 610-626.
Full text not available from this repository.Abstract
This paper examines financial inclusion penetration in two southwestern states (Lagos and Ekiti) in Nigeria. Lagos has a high concentration of financial Institutions, while Ekiti has few financial institutions. This paper uses survey research design and logit regression analysis to show evidence of a significant difference in financial inclusion penetration in the two states and its impact on the business performance and well-being of the citizens of the states. The study reveals that penetration is higher in Lagos at 81% and lower in Ekiti at 60%. Irregular income/job loss, unknown/hidden charges, long queues in the bank, and high maintenance fees constitute a top threat to 80% financial inclusion achieved in the Southwest zone. The study, therefore, recommends intervention policy that considers state-level characteristics. Also, government policy on employment generation should target low-income earners who are worse-off during an economic downturn.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Financial institution concentration; financial inclusion penetration; logit regression; well-being |
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | Mrs Patricia Nwokealisi |
| Date Deposited: | 23 Jun 2021 11:11 |
| Last Modified: | 23 Jun 2021 11:11 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/14889 |
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