Financial inclusion and poverty reduction in Nigeria: the role of information and communication technology (ICT)

IF 1.4 Q3 ECONOMICS
O. Olaoye, M. Zerihun
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引用次数: 0

Abstract

PurposeThe study analyzed the moderating role of information and communication technology (ICT) in the financial inclusion–poverty nexus in Nigeria.Design/methodology/approachThe study adopts a battery of econometric techniques such as the generalized method of moments and the fully modified OLS to control for heterogeneity and endogeneity issues in the poverty literature.FindingsThe results show that ICT (regardless of the measure of ICT adopted) moderates the impact of financial inclusion on poverty in Nigeria. Specifically, the result shows that ICT strengthens the effectiveness of financial inclusion to reduce poverty. In particular, the results show that in the presence of unanticipated macroeconomic shock, ICT can help to deepen financial inclusion, reduce the negative effects of an unanticipated shock and ameliorate poverty in Nigeria. That is, the vulnerability of the poor in Nigeria to unanticipated economic shocks can be reduced by expanding the use of ICT in the financial sector. The research and policy implications are discussed.Originality/valueThe study accounts for the impact of COVID-19.
尼日利亚的普惠金融和减贫:信息和通信技术的作用
目的:本研究分析了尼日利亚信息通信技术(ICT)在普惠金融与贫困关系中的调节作用。设计/方法/方法本研究采用了一系列计量经济学技术,如广义矩量法和完全修正的OLS来控制贫困文献中的异质性和内质性问题。研究结果表明,信息通信技术(无论采用何种信息通信技术措施)缓和了尼日利亚金融普惠对贫困的影响。具体而言,研究结果表明,信息通信技术增强了普惠金融减少贫困的有效性。特别是,研究结果表明,在出现意外宏观经济冲击的情况下,信息通信技术可以帮助加深金融包容性,减少意外冲击的负面影响,并改善尼日利亚的贫困状况。也就是说,通过在金融部门扩大信息通信技术的使用,可以减少尼日利亚穷人对意外经济冲击的脆弱性。讨论了研究和政策意义。独创性/价值该研究考虑了COVID-19的影响。
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来源期刊
CiteScore
3.20
自引率
7.70%
发文量
41
期刊介绍: African Journal of Economic and Management Studies (AJEMS) advances both theoretical and empirical research, informs policies and practices, and improves understanding of how economic and business decisions shape the lives of Africans. AJEMS is a multidisciplinary journal and welcomes papers from all the major disciplines in economics, business and management studies.
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