FINANCIAL INCLUSION AND HUMAN CAPITAL DEVELOPMENT

ABSTRACT

This research study has investigated the relationship between financial inclusion and human capital development in Nigeria with evidence from UNIBEN students. A sample of 100 students was surveyed, chi-square test was used to analyse the data. The main objective of the study was to examine the relationship between financial inclusion and human capital development in terms of academic performance, mental and psychological well-being, and participation in school among students. The results of the study showed that access to finance has a significant positive impact on the academic performance of UNIBEN students. Furthermore, the study found that financial inclusion can have a negative impact on the mental and psychological well-being of students. The study also found that access to finance can affect students' participation in school. In order to understand the specific factors that create financial inclusion and/or exclusion for students, the study compared several empirical studies on financial inclusion and human capital development in Africa, India, Bangladesh, Pakistan, and Nigeria.