By: Tajudeen Idera Abdulmajeed, Gbenga Festus Babarinde
Pages: 20–33, Volume: 2, Number: 1
Published by: AEFUNAI Journal of Economics, Finance and Development Studies, Alex Ekwueme Federal University, Ndufu-Alike, 1/1/2025, 2025
ISSN (Electronic): 2536-6742
DOI:
Digital Financial Service and Financial Sector Development in Nigeria
Abstract:
This research investigates the role of digital financial services in fostering financial sector development in Nigeria. Using time-series data, the study explores how mobile banking, automated teller machines (ATMs), and electronic fund transfers influence financial inclusion and depth. The results indicate a strong positive correlation between digital finance adoption and the overall efficiency of the banking sector. The study recommends further investment in digital infrastructure to bridge the financial inclusion gap in rural areas.
Keywords: Digital financial services, Financial inclusion, Banking sector efficiency, Mobile banking, Nigeria
How to Cite
Abdulmajeed, T. I., & Babarinde, G. F. (2025). Digital Financial Service and Financial Sector Development in Nigeria. AEFUNAI Journal of Economics, Finance and Development Studies (AEFUNAI-JEFDS), Vol. 2(1), 20–33.
Creative Commons Attribution 4.0 International License (CC BY 4.0)
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