Impact of Digital Financial Inclusion on Job Creation, Purchasing Power, and Standard of Living in North-Western Nigeria

This study examines the impact of financial inclusion and digital financial inclusion on jo, purchasing power, and standard of living in North-Western Nigeria. This research employed a quantitative design to examine the effect of digital financial inclusion on poverty alleviation in Nigeria. A survey method was utilized to capture respondents’ perspectives, experiences, and opinions on the subject, relying on primary data collection from structured questionnaires. The data was collected from 415 households in the region; the research employs Partial Least Squares Structural Equation Modelling (PLS-SEM) to investigate the relationships between financial inclusion, digital financial inclusion and poverty reduction via (job creation, purchasing power, and standard of living). Findings of the research indicate that both financial inclusion and digital financial inclusion positively and significantly drives job creation by enabling entrepreneurship and reducing barriers to credit; the results also further revealed that digital financial inclusion are positive and significantly affect the purchasing power and household living standards. Thus, indicating that digital financial inclusion facilitates welfare improvements through better access to remittances, education, and healthcare spending. Policy implication for this study include recommendations foe regulatory agencies and service providers to expand digital financial infrastructure: Increase mobile money agents in rural areas to improve accessibility, enhance mobile banking and USSD network, It’s also recommend that future studies should expand to other regions of Nigeria to enhance generalizability.