Implementation of Financial Inclusion Strategy in Nigeria

Aro-Gordon, Stephen

doi:10.18311/sdmimd/2017/17876

Cited by 10 publications

(4 citation statements)

References 4 publications

(7 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Financial inclusion emerged as a significant player in delivering financial services to the community and the disadvantaged poor at affordable terms and conditions. Financial inclusion has several benefits, including access to credit, improved opportunities for savings, and improved financial literacy [26,44]. Financial inclusion also aids in poverty reduction and inequality and promotes economic growth [45].…”

Section: Financial Inclusion and Sustainable Farm Performancementioning

confidence: 99%

“…Many scholars, including Ali et al [4], Eton et al [5], Ardic et al [23], Lopez and Winkler [24], Wafula [25], Aro-Gordon [26], and Bongomin et al [27], among others, have suggested that financial literacy and inclusion are consequential for sustainable business performance. However, the direct association between financial literacy, inclusion, and sustainable farming performance has remained under-investigated.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Sustaining Performance of Wheat–Rice Farms in Pakistan: The Effects of Financial Literacy and Financial Inclusion

et al. 2023

View full text Add to dashboard Cite

The unceasingly augmenting emission of greenhouse gases (GHG) has contributed substantially to the degradation of the key environmental parameters and the deterioration of performance of the agricultural sector globally. The food insecurity problem has been aggravated consequently. Due to a variety of economic and social issues, many farmers in developing economies use low-efficient and environmentally unfriendly agricultural practices. Adopting innovative technologies and practices linked with sustainable farming remains a complex issue across the developing world. In particular, financial exclusion and low financial literacy are commonly cited as the critical obstacles to achieving sustainable development. To contribute to resolving this development problem, the study attempts to investigate the effects of financial inclusion and literacy on establishing a sustainable performance of farms. A structured questionnaire was used to collect the data from 220 farmers within the Central Punjab region of Pakistan. Small-scale farms demonstrated a potential to sustain their performance by improving financial inclusion and financial literacy. Trust in extension services for agriculture plays a significant role in moderating the impact of eight independent variables (knowledge, skills, attitude, behavior, access, usage, quantity, welfare) on sustainable farm performance. The study implies that increased trust in financial services is essential for improving sustainable performance in the agricultural sector. The effect imposed by financial actors is crucial for establishing trust in financial services linked to sustainability within the agricultural industry.

show abstract

Section: Financial Inclusion and Sustainable Farm Performancementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Sustaining Performance of Wheat–Rice Farms in Pakistan: The Effects of Financial Literacy and Financial Inclusion

et al. 2023

View full text Add to dashboard Cite

show abstract

“…After a painstaking review of the literature of financial inclusion in developing countries, the following themes emerge from a detailed evaluation of the literature: determinants of financial inclusion ( [36]: [27]); eliminating constraints that are hindering the growth of financial inclusion ( [37]; [38]); reduction of poverty through financial inclusion [39]; the usage of financial technology to increase financial inclusion ([8]; [7]) and using financial inclusion as a means of enhancing economic growth [40].…”

Section: Financial Inclusion In Developing Countriesmentioning

confidence: 99%

Financial Inclusion in Developing Countries: Applying Financial Technology as a Panacea

Isukul

Tantua

2021

SAJSSE

View full text Add to dashboard Cite

Traditional banking methods of addressing the problem of financial inclusion in developing countries is not working efficiently. As it is becoming obvious, opening operational and functional banking business offices in many developing countries is not a financially viable option. Banking offices need enormous amounts of resources, equipment and personnel to run efficiently. In most developing countries were low income is the norm rather than the exception, it is not possible to sustain a policy objective that employs the use of banking business offices to address the problem of financial inclusion. Such initiative could start out well, however the possibility of sustainability is called into question. Thus, whatever meaningful gains have been garnered from such policy will be reversed or lost overtime. This research employs the use of quantitative methods and it sets out to test whether the usage of financial technology has had any meaningful impact in improving financial inclusion in the developing countries selected in the study. The findings of the research reveal that financial technology offers the instrument, tools and mechanism for drive financial inclusion in ways traditional methods of banking cannot. Financial technology offers, cost effective and cheaper means of driving financial development. This research suggests that financial technology should be used as a means of driving financial development in developing countries as it offers a more sustainable and cost-effective solution to the problem of financial inclusion. Developing countries, should embrace, adopt and adapt financial technologies to address their financial development issues.

show abstract

“…financial inclusion can affect overall economic growth thereby reducing poverty but can increase inequality and inequality has a positive and significant impact on poverty in Indonesia [2]. financial inclusion in Nigeria and enhanced business-friendly environment, financial innovation, mobile capacity, and robust financial education [8]. The success of mobile money depends on whether the solution moves away from the paradigms used for designing mobile money solutions for those at the top of the pyramid [18].…”

Section: Review Of Literature and Hypotheses Formulationmentioning

confidence: 99%

Impact of Digitalization on the Farmers in India: Evidence using Panel Data Analysis

Gautam¹,

Bhimavarapu²,

Rastogi³

2021

IJMH

View full text Add to dashboard Cite

The composition of digitalization and financial technology has brought about a new development model for the agriculture sector. What is the impact of digitization on India’s farmers? To answer this issue, this article examines the effects of digitalization on farmers in India using secondary data from 2018 to 2020, based on the idea of digitalization. It analyses the transmission of digitalization among Indian farmers using panel data analysis. The conclusions are as follows: Farmers' income can be significantly increased by digitalization, and farmers' digitization has resulted in agriculture sector development and contributed to economic progress.

show abstract

Implementation of Financial Inclusion Strategy in Nigeria

Cited by 10 publications

References 4 publications

Sustaining Performance of Wheat–Rice Farms in Pakistan: The Effects of Financial Literacy and Financial Inclusion

Sustaining Performance of Wheat–Rice Farms in Pakistan: The Effects of Financial Literacy and Financial Inclusion

Financial Inclusion in Developing Countries: Applying Financial Technology as a Panacea

Impact of Digitalization on the Farmers in India: Evidence using Panel Data Analysis

Contact Info

Product

Resources

About