Saudi Journal of Business and Management Studies (SJBMS)
Volume-10 | Issue-06 | 255-266
Original Research Article
Impact of Digital Financial Inclusion on Poverty Reduction in North-Western Nigeria
Umaru Hussaini, Muhammed Umar Dikko
Published : July 7, 2025
Abstract
This paper examines the impact of digital financial inclusion on poverty reduction in Nigeria. The study is motivated by the report on the financial Inclusion Insights (FII), (2017) and (2022) which revealed that about 65.0% of the adult populace was financially excluded without any form of access to financial services. Data collection techniques employed was self-administered questionnaire. The questionnaire were administered to a total of 538 household that are financially included in rural area from the North-West region of Nigeria, by using convenient and simple random sampling techniques to select the sample. In analyzing the relationship among the variables, a Partial Least Square (PLS)-Structural Equation Modeling (SEM) technique was adopted. The findings of the study revealed that there is a positive and strong significant relationship between the digital financial inclusion and poverty reduction. The paper recommends the digital financial inclusion to be more robust in the rural areas, provide services at any time and any place through mobile terminals such as mobile phones and provide internet services across localities.