Department of Banking and Finance

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Browsing Department of Banking and Finance by Author "Abubakar, Halimatu Sa'adiya"

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    IMPACT OF BANK PROXIMITY AND ACCESSIBILITY ON ECONOMIC GROWTH IN NIGERIA
    (Department of Banking and Finance, Faculty Of Administration Nasarawa State University, Keffi., 2021-06-23) Busari, Rashidat Ayanbanke; Udenwa, Theresa A; Abubakar, Halimatu Sa'adiya
    This study empirically examined the impact bank proximity and accessibility on the economic grouth of Nigeria within the period 1986 to 2019. The specific objectives are to assess the impact of bank proximity on economic growth in Nigeria and investigate the impact of bank accessibility on economic grozvth in Nigeria.Also, the study adopted the ex post facto research design and employed the Autoregressive Distributed Lagged (ARDL) and the Error Correction Model (ECM) were used to establish the short-run and long-run effect of financial inclusion determinants on economic growth in Nigeria. EGRN is Economic Growth in Nigeria which serves as the dependent variable, Wltile ACS is Bank Accessibility and PROX is Bank Proximity in Nigeria serves as the independent variables. Findings revealed established that all the variables have a positive impact on economic growth in Nigeria both in the long run and short run. However, the probability of the ARDL result showed that Bank Accessibility in Nigeria (ACE) zvas insignificant in explaining the variation in economic grozvth in Nigeria, zvhile the ECM revealed that Bank Proximity in Nigeria (PROX) grozvth in Nigeria. This study recommended that financial authorities should put a mechanism in place bank branches and increase the number of bank branches per certain statistically significant zvas in explaining the variation in the economic that zvill enable banks to open more number of population and ATMs provision for maximum formal financial services to the rural population on short team basis since bank proximity has a significant impact on economic gin the short run.