Omankhanlen, A. E and Babajide, A. A and Achugamonu, Bede U. and Okorie, Uchechukwu Emenas and Okoye, Lawrence U. (2016) Undercapitalization and Loan Delinquency: Implications on Financial Inclusion in Nigeria. In: Vision 2020: Innovation Management, Development Sustainability, and Competitive Economic Growth, 9-10 November 2016, Seville, Spain.
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Abstract
Financial Inclusion involves ensuring that the poor have access to financial services that are relevant to their needs especially in the rural communities. This study investigated the extent to which undercapitalization of rural banks and frequent loan delinquency influence the ability of deposit money banks to drive the inclusive growth agenda of the Central Bank of Nigeria. Out of the 250 questionnaires distributed, 179 were returned and analyzed. Being a categorical data, the study employed optimal scaling regression to measure the relationship between the dependent and independent variables. ANOVA and other statistical tests were also conducted. The study found that loan delinquency, undercapitalization and payment of utility bills were significant in measuring the inclusive growth initiative of the Central Bank of Nigeria. It therefore recommends among others that government should make policies that will increase the credit worthiness of the rural dwellers as well as encourage banks to support investment in the rural communities so as to equip the rural dwellers with the financial muscle to drive inclusive growth in Nigeria.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Uncontrolled Keywords: | Financial Inclusion, Undercapitalization, Loan Delinquency, Deposit Money Banks, |
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HG Finance |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Management Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | Mrs Patricia Nwokealisi |
| Date Deposited: | 19 Jun 2017 09:49 |
| Last Modified: | 29 Jun 2017 15:23 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/8357 |
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