IMPACT OF FINANCIAL INCLUSION ON INCLUSIVE GROWTH

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ABSTRACT

Financial exclusion has frequently been blamed for the existence of shadow money, which has decreased the effectiveness of monetary policy. As a result, the Central Bank of Nigeria has made financial inclusion one of its objectives for the next years since 2010. The explicit justification for doing this is to ensure that everyone has access to financial resources, which can reduce poverty and improve the creation of credit. Thus, the target is to absorb the unbanked populace largely in the informal sector into the formal financial system. Therefore, the study investigated the influence of financial inclusion on economic growth in Nigeria. 

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