Primary school enrolment rate, completion rate and gender balancing in Nigeria; the financial inclusion perspective
International Journal of Social Economics
ISSN: 0306-8293
Article publication date: 16 February 2021
Issue publication date: 16 March 2021
Abstract
Purpose
The bedrock of growth in education is at the primary/basic education level, hence there is need to ensure that the populace not only enrolls but complete their education as well as maintain gender balancing. Financial inclusion is essential in achieving financial development which if properly tailored should result in economic growth and development. Education is an important development parameter, therefore, the purpose of this study is to assess if financial inclusiveness enhances primary school enrolment, completion and gender balancing.
Design/methodology/approach
In order to ascertain if financial inclusion (financial penetration, access and usage) enhances primary school education (primary school enrolment and completion) and gender balancing (primary school female-to-male ratio), the study employed the vector error correction modeling (VECM) to capture both short- and long-run dynamics of cointegration equations and also, ascertain how the long-run deviations are deemed corrected in the short run.
Findings
The findings of financial inclusion showed a significant positive effect on primary school enrollment but regarding primary school completion rate and female-to-male ratio, the responses to financial inclusion measures showed a completely negative effect. From the foregoing, it is not just sufficient to enroll school children but that they complete their basic primary education, and equally ensure that the males are not favored over the females so as to achieve gender balance literacy in the country.
Originality/value
The study focuses on how financial inclusion engenders admission, graduation and gender balancing in primary school education as the bedrock to formal education in Nigeria.
Keywords
Citation
Offiong, A.I., Bassey Riman, H., James, G.B., Ogar, A., Okon, E.E. and Mboto, H.W. (2021), "Primary school enrolment rate, completion rate and gender balancing in Nigeria; the financial inclusion perspective", International Journal of Social Economics, Vol. 48 No. 4, pp. 602-621. https://doi.org/10.1108/IJSE-04-2020-0205
Publisher
:Emerald Publishing Limited
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