Financial Inclusion as a critical cog for development (Prt 3)

Sharing knowledge: Mambure
Sharing knowledge: Mambure

In Part 2 of this series on financial inclusion, we covered four levers that drive financial inclusion namely financial literacy, financial innovation, consumer protection and the architecture of the financial system. In this instalment we are looking at the policy dimensions of financial inclusion in influencing economic development.

While it may seem obvious, it is important to highlight that if people are not financially included, they are financially excluded. Period! There is no middle road. It is therefore important to discuss how of the factors supports financial inclusion.

In their paper, “Determinants of Financial Inclusion in Africa: A Dynamic Panel Data Approach”, published in 2016, Olaniyi Evans and Babatunde Adeoye identified factors that cause exclusions notably structural and policy factors. In this piece we will focus on the policy side of issues not as exclusionary factors, but rather how they support financial inclusion.

Editor's Comment
CoA brings sanity to DIS/DCEC long-standing feud

This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

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