Financial Inclusive and Economic Growth: An Examination with Endogenous Growth Model

Authors: Erhabor, Osaruyi Jeffrey Ph.D & Okoh, Osarhemen Macdonald Ph.D

Affiliation: Department of Banking and Finance, Ambrose Alli University, Ekpoma.

Corresponding Author: [email protected]

November 22, 2025

SIAR-Global Journal of Economics, Finance & Accounting

DOI: 10.5281/zenodo.17682451

Financial Inclusive and Economic Growth: An Examination with Endogenous Growth Model
Research Article Management

Abstract

Nigeria over the years has not achieved a sustainable economic growth. It is in this vein that this study was carried out in order to investigate financial inclusion and economic growth in Nigeria. Secondary data were collected from banks’ annual financial report, Central Bank of Nigeria (CBN) Statistical bulletin and the NDIC annual report. Descriptive statistical, unit root test and multiple regression econometric technique were used for the study. Loans from rural bank, rural bank branch network and bank lending rate had positive relationship with financial inclusion while deposit of rural bank branch, urban bank branch network, automated teller machine and point of sale had negative relationship with financial inclusion. Automated teller machine, point of sale and bank lending rate were all significant while deposit of rural bank branch, loans from rural bank, rural bank branch network, and urban bank branch network were insignificant  

Keywords

Financial Inclusion, Economic Growth, Loans, Automated Teller Machine, Point of Sale.

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How to Cite

Erhabor, Osaruyi Jeffrey Ph.D & Okoh, Osarhemen Macdonald Ph.D (2025). Financial Inclusive and Economic Growth: An Examination with Endogenous Growth Model. SIAR-Global Journal of Economics, Finance & Accounting, Vol. 1, No. 1. DOI: 10.5281/zenodo.17682451

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Article Information

  • Type: Research Article
  • Journal: SIAR-Global Journal of Economics, Finance & Accounting
  • Subject Area: Management
  • Published: November 22, 2025
  • Volume: 1
  • Issue: 1
  • Word Count: Not specified
  • DOI: 10.5281/zenodo.17682451
  • Processing Fee: $35.00 USD

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