SOAS Research Online

A Free Database of the Latest Research by SOAS Academics and PhD Students

[skip to content]

Ajefu, Joseph and Ogebe, Joseph O. (2019) 'Migrants Remittances and Financial Inclusion among Households in Nigeria.' Oxford Development Studies, 47 (3). pp. 319-335.

Text - Accepted Version
Download (626kB) | Preview


This article investigates the impact of remittances on financial inclusion, using the 2009 World Bank’s Migration and Remittances Household Survey data for Nigeria. An instrumental variable estimation technique was used to estimate the impact of remittances on financial inclusion, and migrant network effect was used as an instrument to control for potential endogeneity between remittance and financial inclusion. This article finds that the receipt of remittances increases the probability of using formal financial services, such as deposit accounts and Internet/mobile banking. This article concludes that reducing barriers and costs to remittance inflows can improve the access to and use of formal financial services in Nigeria, which can lead to an increase in funds for investments and the economic growth of the country.

Item Type: Journal Article
Keywords: Migrants, remittances, financial inclusion, households, Nigeria
SOAS Departments & Centres: Departments and Subunits > Department of Development Studies
ISSN: 13600818
Copyright Statement: © 2019 Oxford Department of International Development. This is an Accepted Manuscript of an article published by Taylor & Francis in Oxford Development Studies on 12 Feb 2019, available online:
DOI (Digital Object Identifier):
Date Deposited: 15 Aug 2019 08:15

Altmetric Data


Download activity - last 12 monthsShow export options
Downloads since deposit
6 month trend
6 month trend
Accesses by country - last 12 monthsShow export options
Accesses by referrer - last 12 monthsShow export options

Repository staff only

Edit Item Edit Item