"Financial Inclusion and Poverty Reduction in Nigeria: The Role of Micr" by Okwudili W. Ugwuoke, Oliver E. Ogbonna et al.
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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

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