International Journal of Small Business and Entrepreneurship Research (IJSBER)

EA Journals


Relationship between Financial Inclusion and Economic Growth in Nigerian Rural Dwellers (Published)

Financial inclusion as the provision of a broad range of high quality financial products such as savings, credit, insurance, payments and pensions, which are relevant, appropriate and affordable for the entire adult population especially the low income segments of the economy. This study critically examines the sustainability of financial inclusion to rural dwellers in Nigeria using descriptive study and content analysis. The study observed that the sustainability of financial inclusion to rural dwellers in Nigeria remains the mainstream for economic growth in any country. The implication of this study is that economy cannot grow fast without proper implementation of financial inclusion to rural areas in Nigeria. The study recommended that the promotion of collaboration between Deposit Money Banks (DMBs), Microfinance Banks (MFBs) and Communication services providers for enhanced intermediation of financial services should be encouraged; there is need to educate rural dwellers on the importance of banking as it would facilitate the success of CBN financial inclusion policy and that since some of the rural dwellers preferred to keep money under their pillows at home, there should be proper enlightenment to change their orientation on financial inclusion in Nigeria.

Keywords: Credit, Financial Inclusion, Rural Dweller, Savings, economic growth


This paper analyses the impact of credit on the performance of SMEs in Sokoto metropolis the capital city of Sokoto State of Nigeria. This research is important in the sense that it may provide feedback on government programs and policies on SMEs finance. The research uses primary data collected from 294 respondents out of a population of 1710 registered SMEs in Sokoto metropolis using the random sampling technique. Regression analyses were used to analyse the data. The result shows credit is a major determinant of employment generation of SMEs. It is therefore recommended that is that policy makers should continue to formulate policies that will compile banks to increase credit to SMEs and reduce interest rate on the loan.

Keywords: Credit, Performance, Return on Assets, Small and Medium Scale enterprises., employee total assets ratio.

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