Financial Inclusive and Economic Growth: An Examination with Endogenous Growth Model

Nigeria over the years has not achieved a sustainable economic growth. It is in this vein that this 
study was carried out in order to investigate financial inclusion and economic growth in Nigeria. 
Secondary data were collected from banks’ annual financial report, Central Bank of Nigeria (CBN) 
Statistical bulletin and the NDIC annual report. Descriptive statistical, unit root test and multiple 
regression econometric technique were used for the study. Loans from rural bank, rural bank 
branch network and bank lending rate had positive relationship with financial inclusion while 
deposit of rural bank branch, urban bank branch network, automated teller machine and point of 
sale had negative relationship with financial inclusion. Automated teller machine, point of sale and 
bank lending rate were all significant while deposit of rural bank branch, loans from rural bank, 
rural bank branch network, and urban bank branch network were insignificant