FINANCIAL INCLUSION AND HUMAN CAPITAL DEVELOPMENT IN NIGERIA (1990-2023)

This study investigates the effect of financial inclusion on human capital development in Nigeria (1990-2023). The study made use of Ex-post facto research design. The study conducted various pre and post estimation tests. ARDL was used as the main estimation technique. The study found that in the long-run Credit to Private Sector (CPS) has a positive and significant effect on HDI in Nigeria. The study also found that in the long-run Bank Loan to Rural Area (BLR) has a positive and significant effect on HDI in Nigeria. The study concluded that financial inclusion significantly affects human development in Nigeria. The study recommends that Government and financial institutions should implement policies that encourage increased lending to business. Banks should be incentivized to establish branches and mobile banking units in rural communities.

0 17 May, 2025

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