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ABSTRACT
Financial Inclusion as a strategy has become a policy issue around the world including Nigeria, and it has been perceived as a transmission mechanism for poverty eradication and a means of pursuing inclusive Economic Growth. This study examined the Impact of Financial Inclusion on Economic Growth in Nigeria using an econometric analysis. The endogenous growth theory was adopted as the theoretical framework. The data extracted from secondary sources for econometric analysis covered the period between 2004 and 2021 while the Error Correction Model was used to test the hypotheses. Based on empirical analysis, the study concluded that Financial Inclusion has a positive and significant impact on Economic Growth in Nigeria through financial deepening variables which are influenced by financial inclusion variables such as ratio of total savings to GDP,gross capital formation,bank density and good governance index(proxied by regulatory quality).Therefore, it is advised that regulators and policy makers make sure that sufficient measures are taken to ensure that banks abide by the many laws, rules, and policies that govern their operations In order to achieve inclusive economic growth, the regulators must ensure that every financial inclusion variable is focused on raising the nation’s level of economic activity.
