DIGITAL FINANCE AND FINANCIAL INCLUSION IN NIGERIA: ARE THEY SIAMESE TWINS?
The link between Financial inclusion (FIN ) and digital finance(DF) is the primary subject of this research. Digital finance and inclusive financial though have been adjudged to be related; there are quite a plethora of issues that are still unclear concerning the nature and type of their relationship. Why are they related and at what point are they related? Short or long-run relationship? To clarify these issues, the study applied the Auto regressive Distributed Lag (ARDL) long-run cointegrating technique to explicate our econometric models. Our data is time series in nature and is for Nigeria. The study established that, internet-powered electronic device users, a proxy for digital finance has a positive long-run relationship with FIN while Automated Teller machine (ATM) ownership and usage has a negative long-run relationship with FIN. The study recommended that internet service providers (ISPs) be integrated into the Nigerian FIN paradigm to enhance the accuracy and viability of financial service provision, leading to a decline in the unbanked population.
Keywords: Digital finance, FIN, financial services, ARDL Bounds Test, Nigeria.
Copyright (c) 2023 Bernhard O. ISHIORO, Ph.D
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