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Agent Banking and Financial Inclusion: The Nigerian Experience

Achugamonu, Bede U. and Taiwo, J.N. and Ikpefan, Ochei Ailemen and OLURINOLA, Isaiah Oluranti and Okorie, Uchechukwu Emenas (2016) Agent Banking and Financial Inclusion: The Nigerian Experience. In: Vision 2020: Innovation Management, Development Sustainability, and Competitive Economic Growth, 9-10 November 2016, Seville, Spain.

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Abstract

Financial inclusion is aimed at ensuring that all adults have unhindered access to tailor-made products that meets their financial needs at affordable cost within their vicinity. This study investigated the extent to which bank agents have contributed in driving the inclusive growth agenda of the Federal Government of Nigeria. A maximum of 275 questionnaires were administered on bank officials across the 6 geopolitical zones of Nigeria using a random sampling technique. The 182 returned questionnaires were analyzed using multivariate regression approach employing SPSS. The study found among others that geographical spread of bank agents and the development of tailor-made financial products will engender financial growth among the active poor in the rural communities. It therefore recommended among others, the need for the Central Bank of Nigeria to deepen inclusive growth by licensing more agent banks especially in the rural areas across the six geo-political zones of the country

Item Type: Conference or Workshop Item (Lecture)
Uncontrolled Keywords: Agent Banking, Financial Inclusion, Financial Services, GDP
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HG Finance
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 19 Jun 2017 09:44
Last Modified: 19 Jun 2017 09:44
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/8356

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