International records / OpenAlex research

Financial Inclusion and Economic Growth in Nigeria: An Empirical Article Comparing the Saving-Usage and Credit-Usage Dimensions of Financial Inclusion in Nigeria Using ARDL Bounds Testing

This article re-examines the long-standing but empirically unsettled claim that financial inclusion drives economic growth in Nigeria, by comparing two usage dimensions of inclusion that the literature routinely conflates into a single construct: saving usage, proxied here by Financial Usage/Saving Activity (FUSA, measured by aggregate deposit and savings mobilization as an indicator of active saving behaviour), and credit usage, proxied by credit extended to the private sector. Both are usage-side indicators; unlike physical access measures such as branch counts, a Nigerian saver today can bu…