FINANCIAL INCLUSION AND ECONOMIC PERFORMANCE IN EMERGING ECONOMICS: THE NIGERIAN EXPERIENCED USING ARDL MODEL

Abstract

The study explored the connection between financial inclusion and economic performance spanning between 2009:Q1 and 2021:Q4. The study modelled economic performance using GDP and the volume of transactions; POS, USSD, ATM, and credit to public sector represents financial inclusion. The study concludes that financial inclusion spurred economic performance in Nigeria. The study recommends the need for government to embark on rural electronic banking services campaign to ensure more provision of financial services in the rural areas in order to have more banking coverage, so as to stimulate economic activities which will directly promotes inclusive economic performance.