Impact of Deposit Money Banks on Poverty Reduction: A Focus on Microfinance Banks in Nigeria

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Fapetu O.
Adewale E. Adegoriola
Azeez Bolanle A.

Abstract

This paper investigates the impact of Deposit Money Banks (DMBs) on poverty reduction; a focuson microfinance banks in Nigeria from 1990 - 2019. The co-integration test is conducted usingBound Test and Autoregressive Distributed Lag (ARDL) model which are employed for theanalyses. From the study, the current period of loans from microfinance banks and one periodlag of interest rate have positive and significant impact on poverty level. Current period of accessto microfinance banks and current period of interest rate have positive but insignificant impacton the poverty level. One period lag of access to microfinance banks and current period ofdeposits liabilities of microfinance banks have negative and insignificant impact on poverty level.

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