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Social integration and financial inclusion of forcibly displaced persons in Sub-Saharan African countries

Achugamonu, Bede U. and Adetiloye, K. A. and Adegbite,, Esther Olufunmilayo and Eke, O. P. and Osuma, Godswill (2020) Social integration and financial inclusion of forcibly displaced persons in Sub-Saharan African countries. Problems and Perspectives in Management, 18. pp. 170-181.

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Most government and international financial institutions worldwide have adopted financial inclusion as a veritable platform for achieving the Social Development Goals of hunger and poverty eradication, inequality reduction, and employment creation. Their efforts will not yield much dividend if a sizeable part of the populace are constrained from social and formal financial inclusion due to social disorder. This study examined the relationship between social seclusion of forcibly displaced persons from formal financial inclusion in twenty-seven Sub-Saharan African countries. Granger Error Correction Method (ECM) with Generalized Methods of Moments (GMM) was used to analyze the short panel data obtained from the World Bank database. The study found a negative long-run relationship between social seclusion and financial inclusion. That is, an increase in social menace overtime will result in more people being financially excluded from formal financial transactions. It, therefore, recommends, amongst others, that government should encourage forcibly displaced persons to become gainfully employed and productive. Specifically, persons in refugee and internally displaced persons camps should be trained to acquire skills that will enable them to become self-employed, create wealth for themselves, and contribute actively to the sustainable economic growth of their host country rather than just provide food and other welfare packages as a temporal palliative for survival.

Item Type: Article
Uncontrolled Keywords: social seclusion, poverty, social integration, unemployment, Sustainable Development Goals
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 27 Jun 2021 15:15
Last Modified: 27 Jun 2021 15:15

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