Evaluating The Determinants of Financial Inclusion in Emerging Economies

Authors

• Joshua Ohifeme Ohioma Dr, Development Bank of Nigeria PLCFollow

Keywords

Financial Inclusion, SDGs, Financial Literacy, Mobile Technology, Logistic Regression

Abstract

Financial inclusion (FI) encourages economic empowerment and growth while also serving as a catalytical factor in achieving seven of the seventeen Sustainable Development Goals. Attainment of these and other benefits of FI is largely dependent and influenced by various factors and determinants. Analysing sample data of 26,930 responses from the Access to Financial Services in Nigeria (A2F) 2023 survey, this study examined the factors influencing FI using the Multiple Logistic Regression model. The study found that mobile technology, literacy level and urban residency have significant influences on FI while age and gender do not significantly influence FI. Implications of the study findings indicate that deliberate and fundamental policy initiatives will need to be implemented in emerging economies to catalyse FI and realise its ensuing benefits.

Author Bio

Dr. Joshua .O. Ohioma

Chief Audit Executive

Development Bank of Nigeria PLC

Email: johioma@devbankng.com

https://orcid.org/0009-0004-4096-7360

Issue

1

Volume

50

First Page

20

Last Page

30

Recommended Citation

Ohioma, Joshua Ohifeme Dr (2026) "Evaluating The Determinants of Financial Inclusion in Emerging Economies," Bullion: Vol. 50: No. 1, Article 2.
DOI: https://doi.org/10.33429/0331-7919.1576
Available at: https://dc.cbn.gov.ng/bullion/vol50/iss1/2