DOES FINANCIAL INCLUSION INFLUENCE RURAL URBAN MIGRATION AND RURAL POVERTY LEVELS IN NIGERIA?
Abstract
The rapid increase in the rate of rural urban migration mainly in developing countries have created reasons for concern especially as urban resources to accommodate these migrants are depleting. This study is thus motivated by the need to investigate and establish the nature of the relationship between extent financial inclusion of rural dwellers influence their migratory behavior especially towards the urban areas and poverty levels as a proxy of wellbeing. Time series date of 1982-2019 was used for the study. Employing OLS to draw these relationships, it was found that financial inclusion helps in determining rural urban migration but does not significantly influence the level of rural poverty. It was thus advised that enabling environment for operation of financial institutions should be created in the rural areas while they should be supported to create deposits.
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