International Journal of Sub-Saharan African Research (IJSSAR)

Background: Financial inclusion is a key enabler for growth and development that sustains in both modern and developing economies. It refers to a situation in which adult citizens have easy, affordable, and reliable entrance into a wide range of formal financial products and services, including savings, credit, payment systems, and insurance. Despite its acknowledged importance, achieving full financial inclusion remains a major challenge in many developing economies, including Nigeria.
Objective: This study examined electronic banking and its impact on financial inclusion in Nigeria.
Method: Ex post facto research design was adopted. The study employed multiple regression and cointegration techniques to analyze the collected data. Results: The study found that both ATM and POS significantly enhance financial inclusion. The results further revealed a long-run equilibrium relationship and bi-directional causality between electronic banking infrastructure and the number of banked adults.
Conclusion: it was concluded that electronic banking plays a critical role in expanding financial access.
Unique Contribution: This study provided a fresh insight into measuring financial inclusion ii terms of numbers of depositors with commercial bank per 1000 in Nigeria.
Key Recommendation: The study recommended intensified deployment of ATM and POS infrastructure, especially in underserved areas.