Online ISSN: 2520-4521 |
Print ISSN: 2522-6606
THE ROLE OF ELECTRONIC BANKING AS A TOOL TO FINANCIAL INCLUSION IN NIGERIA
Authors: E. Chuke Nwude*, Nobis Donatus Igweoji,Sergius Nwannebuike Udeh
There are claims that electronic banking can be used to provide access to financial services without much additional costs to the banking populations in developing countries. As a result some developing countries have geared towards using such channels to bring the unbanked population into the banking cubicle. Based on the perception that it increases banks performance and improves financial inclusion the study investigates the effect of e-banking on banks’ performance and financial inclusion in Nigeria. The dataset was collected from Statistical bulletin of the Central Bank of Nigeria, National financial inclusion strategy bulletin and World Bank economic indicators. The result revealed that electronic banking has made positive and significant contribution in promoting financial inclusion in Nigeria 2007-2017.