FINANCIAL INCLUSION AND DOMESTIC TRADE IN NIGERIA
Moses Ogbu, Angbas Alfred Ovye, IlemonaAdofu and Obadiah Jonathan Gimba
Volume 9 Issue 3
Abstract
The study examines the effect of financial inclusion on domestic trade in Nigeria using, generalized method of moment (GMM). The results reveal that the impact of the usage and accessibility dimension of financial inclusion is statistically not significant in Nigeria as such not having the desired impact on domestic trade. Nevertheless, the penetration dimension of financial inclusion is significant at 1% level as such have a significant impact on trade. The study recommends amongst other the need for CBN to reduce lending rate to one digit rate and the need for the ministry of information and technology to put in place infrastructures that will enhance digital financial services aimed at accelerating financial inclusion in Nigeria. Keywords: Financial inclusion, Trade, GMM.
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