IDEAS home Printed from https://ideas.repec.org/a/ids/injsem/v15y2024i6p623-649.html
   My bibliography  Save this article

Measuring financial inclusion: a survey-based approach

Author

Listed:
  • Akinwumi Sharimakin
  • Anthony Enisan Akinlo

Abstract

The study measured the extent of financial inclusion in Southwestern Nigeria in the year 2021. Data on ten indicators of three dimensions (outreach, ease of transaction, and cost of transaction) were collected through surveys. Usage dimension of index of financial inclusion was separately measured with data on the use of ten financial instruments in the last one year. The results of outreach, ease and cost of transaction, averagely showed a fair extent of financial inclusion in Southwestern Nigeria. The frequency and depth of usage of financial instruments revealed that only a few number of households made regular use of financial services. More policy efforts of the government, banks and regulatory authorities are still needed at ensuring that formal financial services are available and affordable to all qualified adults.

Suggested Citation

  • Akinwumi Sharimakin & Anthony Enisan Akinlo, 2024. "Measuring financial inclusion: a survey-based approach," International Journal of Services, Economics and Management, Inderscience Enterprises Ltd, vol. 15(6), pages 623-649.
    • Handle: RePEc:ids:injsem:v:15:y:2024:i:6:p:623-649
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=142454
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:injsem:v:15:y:2024:i:6:p:623-649. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=236 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.