Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/316388 
Year of Publication: 
2023
Citation: 
[Journal:] CBN Journal of Applied Statistics [ISSN:] 2476-8472 [Volume:] 14 [Issue:] 2 [Year:] 2023 [Pages:] 25-39
Publisher: 
The Central Bank of Nigeria, Abuja
Abstract: 
This study investigates the role of microfinance institutions as a vehicle for driving financial inclusion and alleviating poverty in Nigeria using the EFinA 2018 household survey data. The probit model, propensity score matching, and average treatment effect methods are applied for the analyses. The study finds that financial inclusion driven by access to, and usage of products/services provided by microfinance institutions reduces poverty. The study recommends among others the need for increased access to microfinance products/services and an integrated poverty reduction policies that identifies microfinance institutions as a critical enabler.
Subjects: 
Financial inclusion
microfinance institutions
poverty
propensity scorematching
JEL: 
G32
I31
G21
Persistent Identifier of the first edition: 
Document Type: 
Article

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