Vol 12 Iss 2 Cover

EFFECT OF FINANCIAL INCLUSION ON POVERTY ALLEVIATION IN NIGERIA

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ABSTRACT
The study examined the influence of financial inclusion indicators on poverty rate in Nigeria using time series data from 1990 -2016. The dataset sourced from CBN statistical bulletin and World Bank database was analyzed using ARDL technique. The bounds test for co-integration revealed a long-run relationship between financial inclusion indicators and poverty rate in Nigeria; that commercial bank’s rural branch network influenced poverty rate positively and significantly, while in short-run, rural deposit mobilization was negative and significant. Based on these findings, it was recommended that monetary authorities should ensure that banks discharge their functions as intermediaries to the rural dwellers.

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