{"id":23241,"date":"2026-06-22T16:01:38","date_gmt":"2026-06-22T16:01:38","guid":{"rendered":"https:\/\/journals.amssr.org\/grjaf\/?p=23241"},"modified":"2026-06-22T16:01:43","modified_gmt":"2026-06-22T16:01:43","slug":"financial-inclusion-and-economic-growth-in-nigeria","status":"publish","type":"post","link":"https:\/\/journals.amssr.org\/grjaf\/2026\/06\/22\/financial-inclusion-and-economic-growth-in-nigeria\/","title":{"rendered":"FINANCIAL INCLUSION AND ECONOMIC GROWTH IN NIGERIA"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Download PDF<\/h2>\n\n\n\n<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/journals.amssr.org\/grjaf\/wp-content\/uploads\/sites\/2\/2026\/06\/FINANCIAL-INCLUSION-AND-ECONOMIC-GROWTH-IN-NIGERIA.docx.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of FINANCIAL INCLUSION AND ECONOMIC GROWTH IN NIGERIA.docx.\"><\/object><a id=\"wp-block-file--media-7cd55806-13ef-48ee-99c8-f62f62982a04\" href=\"https:\/\/journals.amssr.org\/grjaf\/wp-content\/uploads\/sites\/2\/2026\/06\/FINANCIAL-INCLUSION-AND-ECONOMIC-GROWTH-IN-NIGERIA.docx.pdf\">FINANCIAL INCLUSION AND ECONOMIC GROWTH IN NIGERIA.docx<\/a><a href=\"https:\/\/journals.amssr.org\/grjaf\/wp-content\/uploads\/sites\/2\/2026\/06\/FINANCIAL-INCLUSION-AND-ECONOMIC-GROWTH-IN-NIGERIA.docx.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-7cd55806-13ef-48ee-99c8-f62f62982a04\">Download<\/a><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Authors<\/h2>\n\n\n\n<p><sup>1<\/sup><strong>Ekums Peace Akaomachi <\/strong><em>B.Sc<\/em><strong> and <\/strong><sup>2<\/sup><strong>Madukwe Chimezie James <\/strong><em>Ph.D<\/em><\/p>\n\n\n\n<p><sup>1&amp;2<\/sup>Department of Accountancy, Akanu Ibiam Federal Polytechnic Uwana Afikpo.<\/p>\n\n\n\n<p><em>Email address: <\/em>peaceakaomachi@gmail.com<\/p>\n\n\n\n<p><em>Phone no:07038496566&nbsp;<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Abstract<\/strong><\/h2>\n\n\n\n<p>This study<strong> <\/strong>examined financial inclusion and economic growth in Nigeria, despite the concerted efforts to promote financial inclusion in Nigeria, several challenges persist. This research work will adopt<em> ex-post facto<\/em> research design. The study observed that number of bank branches positively and significantly affect Gross domestic product of Nigeria. These findings are based on the coefficient of Gross domestic product of 0.343780 and the p-value of 0.0014 which is significant at 5% level (0.05&gt;0.0014). Number of bank branches positively, but non-significantly affect Per capita income of Nigeria. These findings are in line with the coefficient of Per capita income of 291.5011 and the p-value of 0.2028 which is not significant at 5% level (0.05&lt;0.2028). Number of bank branches positively and significantly affect Gross national product of Nigeria. These findings are consistent with the coefficient of Gross national product of 0.439605 and the p-value of 0.0000 which is significant at 5% level (0.05&gt;0.0000). Number of bank branches positively and significantly affect Human development index of Nigeria. These findings are based on the coefficient of Human development index of 0.454810 and the p-value of 0.0002 which is significant at 5% level (0.05&gt;0.0002). Number of bank branches positively and significantly affect unemployment rate of Nigeria. These findings are consistent with the coefficient of unemployment rate of 3.873483 and the p-value of 0.0000 which is significant at 5% level (0.05&gt;0.0000). Based on the findings, the study recommended that the government and financial institutions should prioritize the establishment of more bank branches, particularly in underserved and rural areas, to further stimulate GDP growth and enhance economic inclusivity. Policymakers should complement banking expansion with targeted economic policies, such as skill development and job creation programs, to translate increased banking access into higher per capita income. Banking institutions should explore innovative financial products and services that cater to businesses and individuals to maximize their contribution to the GNP. Efforts to increase banking access should include tailored financial literacy programs and affordable services to enhance their impact on HDI, ensuring that all population segments benefit from improved banking infrastructure and while banking expansion supports economic activity, its role in reducing unemployment appears limited. Therefore, the government should implement targeted employment generation initiatives alongside financial sector expansion to tackle unemployment effectively.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Download PDF Authors 1Ekums Peace Akaomachi B.Sc and 2Madukwe Chimezie James Ph.D 1&amp;2Department of Accountancy, Akanu Ibiam Federal Polytechnic Uwana Afikpo. Email address: peaceakaomachi@gmail.com Phone no:07038496566&nbsp; Abstract This study examined financial inclusion and economic growth in Nigeria, despite the concerted efforts to promote financial inclusion in Nigeria, several challenges persist. This research work will adopt ex-post facto research design. The study observed that number of bank branches positively and significantly affect Gross domestic product of Nigeria. These findings are based [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21742,"comment_status":"open","ping_status":"0","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[335,622,623],"tags":[],"class_list":["post-23241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-grjaf","category-volume-7","category-volume-7-issue-1"],"_links":{"self":[{"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/posts\/23241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/comments?post=23241"}],"version-history":[{"count":1,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/posts\/23241\/revisions"}],"predecessor-version":[{"id":23243,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/posts\/23241\/revisions\/23243"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/media\/21742"}],"wp:attachment":[{"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/media?parent=23241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/categories?post=23241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/journals.amssr.org\/grjaf\/wp-json\/wp\/v2\/tags?post=23241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}