Impact of Financial Inclusion on Household Consumption Expenditure in Nigeria
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2025
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| author | Endurance Keyamo (PhD)* |
| author_facet | Endurance Keyamo (PhD)* |
| contents | <p>Abstract: This study examined the effect of four financial inclusion variables namely<br>Commercial Bank Lending Rate (CBLR), Commercial Bank Advances and Loans (CBAL),<br>Microfinance Bank Advances and Loans (MBAL), the Number of Commercial Bank Branches<br>(NCBB) in Nigeria on Household Consumption expenditure in Nigeria. The estimation<br>technique deployed is the Autoregressive Distributed Lag (ARDL) technique and its Bounds<br>Test for the determination of a long run relationship between the variables. Specifically, the<br>Bounds Test revealed the existence of a long run relationship between the financial inclusion<br>variables and household consumption expenditure in Nigeria. The results further showed that in<br>the long-run, a unit change in MBAL will instigate a significant change in household<br>consumption expenditure by 0.002036 while a unit change in NCBB will cause a significant<br>change in household consumption expenditure by 0.145708. In the short-run, a one unit change<br>in CBAL and NCBB will result in a significant change of 0.000125 and 0.025867 respectively<br>in household consumption expenditure. The R-squared of 89% showed that the independent<br>variables have high influence on the dependent variable. Likewise, on the basis of the F-statistic<br>of 0.0000 in the model, the study concluded that the financial inclusion variables have<br>significant impact on household consumption expenditure in Nigeria. Among other things, the<br>study recommended that government and monetary authorities should ensure microfinance<br>banks advances and loans get to the hands of those intended as this will encourage more to enter<br>formal banking so that they can benefit from such loans. Also efforts should be made by both<br>government and commercial banks to increase the quantity of loans through innovative means<br>and also increase the presence of the commercial banks in remote areas as this will go a long<br>way in attracting people into the banking system.</p> |
| format | Recurso digital |
| id | zenodo_https___doi_org_10_5281_zenodo_14842112 |
| institution | Zenodo |
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| publishDate | 2025 |
| publisher | Zenodo |
| record_format | zenodo |
| spellingShingle | Impact of Financial Inclusion on Household Consumption Expenditure in Nigeria Endurance Keyamo (PhD)* Financial Inclusion, Household Consumption Expenditure <p>Abstract: This study examined the effect of four financial inclusion variables namely<br>Commercial Bank Lending Rate (CBLR), Commercial Bank Advances and Loans (CBAL),<br>Microfinance Bank Advances and Loans (MBAL), the Number of Commercial Bank Branches<br>(NCBB) in Nigeria on Household Consumption expenditure in Nigeria. The estimation<br>technique deployed is the Autoregressive Distributed Lag (ARDL) technique and its Bounds<br>Test for the determination of a long run relationship between the variables. Specifically, the<br>Bounds Test revealed the existence of a long run relationship between the financial inclusion<br>variables and household consumption expenditure in Nigeria. The results further showed that in<br>the long-run, a unit change in MBAL will instigate a significant change in household<br>consumption expenditure by 0.002036 while a unit change in NCBB will cause a significant<br>change in household consumption expenditure by 0.145708. In the short-run, a one unit change<br>in CBAL and NCBB will result in a significant change of 0.000125 and 0.025867 respectively<br>in household consumption expenditure. The R-squared of 89% showed that the independent<br>variables have high influence on the dependent variable. Likewise, on the basis of the F-statistic<br>of 0.0000 in the model, the study concluded that the financial inclusion variables have<br>significant impact on household consumption expenditure in Nigeria. Among other things, the<br>study recommended that government and monetary authorities should ensure microfinance<br>banks advances and loans get to the hands of those intended as this will encourage more to enter<br>formal banking so that they can benefit from such loans. Also efforts should be made by both<br>government and commercial banks to increase the quantity of loans through innovative means<br>and also increase the presence of the commercial banks in remote areas as this will go a long<br>way in attracting people into the banking system.</p> |
| title | Impact of Financial Inclusion on Household Consumption Expenditure in Nigeria |
| topic | Financial Inclusion, Household Consumption Expenditure |
| url | https://doi.org/10.5281/zenodo.14842112 |