International records / OpenAlex research

Financial Inclusion and Poverty Reduction in Nigeria (2004-2022)

This paper presents an empirical investigation into the impact of financial inclusion on poverty reduction in Nigeria from 2004 to 2022. Employing an ex-post facto research design, the study constructs a Financial Inclusion Index (FII) using Principal Component Analysis and utilizes the Fully Modified Ordinary Least Squares (FMOLS) technique to estimate long-run relationships. The findings reveal that financial inclusion has a statistically significant and negative effect on poverty, with a one-unit increase in the FII leading to a 15.23% reduction in the poverty headcount ratio. The study als…