Impact of Digital Financial Services on Micro_enterprises Growth in Kano State
Student: Aishat Nifemi Dauda (Project, 2025)
Department of Economics
Bayero University, Kano, Kano State
Abstract
Micro‐ enterprises, which constitute over 90% of businesses in Nigeria, contribute substantially
to employment and GDP but remain hampered by stringent loan requirements and high-interest
rates imposed by conventional banks (Adelekan, Eze, & Majekodunmi, 2019). Studies have shown
that only about 57% of Nigeria’s bankable adults currently hold formal bank accounts, while in
Kano the rate is even lower due to infrastructural challenges and lower levels of financial literacy
(Enhancing Financial Innovation & Access, 2021a). The digital transformation in finance is
expected to bridge this gap by enabling faster and more inclusive access to financial products. For
instance, research suggests that if digital financial services were fully optimized, Nigeria’s GDP
could increase by up to 12.4% by 2025 through improved productivity and expanded financial
inclusion (United States Agency for International Development, 2017; Reuters, 2024).
Keywords
For the full publication, please contact the author directly at: aishatdauda332@gmail.com
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Institutions
- Covenant Polytechnic, Aba, Abia State 1
- Covenant University, Canaan Land, Ota, Ogun State 4
- Crawford University of Apostolic Faith Mission Faith City, Igbesa, Ogun State 2
- Crescent University, Abeokuta, Ogun State 1
- Cross Rivers University of Technology, Calabar, Cross Rivers State 142
- Delta State Polytechnic, Ogwashi-Uku, Delta State 11
- Delta State Polytechnic, Otefe, Delta State 13
- Delta State University, Abraka, Delta State 139
- Ebonyi State University, Abakaliki, Ebonyi State 17
- Edo University, Iyamho, Edo State 10