CBN Journal of Applied Statistics (JAS)
Keywords
Financial inclusion, microfinance institutions, poverty, propensity score matching
Abstract
This study investigates the role of microfinance institutions as a vehicle for driving financial inclusion and alleviating poverty in Nigeria using the EFinA 2018 household survey data. The probit model, propensity score matching, and average treatment effect methods are applied for the analyses. The study finds that financial inclusion driven by access to, and usage of products/services provided by microfinance institutions reduces poverty. The study recommends among others the need for increased access to microfinance products/services and an integrated poverty reduction policies that identifies microfinance institutions as a critical enabler
Issue
2
Volume
14
First Page
25
Last Page
39
Recommended Citation
Ugwuoke, Okwudili W.; Ogbonna, Oliver E.; and Freeman, Aye-Agele
(2023)
"Financial Inclusion and Poverty Reduction in Nigeria: The Role of Microfinance Institutions,"
CBN Journal of Applied Statistics (JAS): Vol. 14:
No.
2, Article 1.
Available at:
https://dc.cbn.gov.ng/jas/vol14/iss2/1
Included in
Applied Statistics Commons, Behavioral Economics Commons, Business Commons, Econometrics Commons, Economic Theory Commons, Finance Commons, Growth and Development Commons, Income Distribution Commons