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Title: INVESTMENT IN INFORMATION AND COMMUNICATION TECHNOLOGY (ICT): A SOCIAL OVERHEAD CAPITAL FOR IMPROVING FINANCIAL SECTOR DEEPENING IN NIGERIA
Authors: Olubukola AKINWUNMI, Prof. Abdurrahman ISIK
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Olubukola AKINWUNMI, Prof. Abdurrahman ISIK Nile University Nigeria, FCT, Abuja
MLA 8 AKINWUNMI, Olubukola, and Abdurrahman ISIK. "INVESTMENT IN INFORMATION AND COMMUNICATION TECHNOLOGY (ICT): A SOCIAL OVERHEAD CAPITAL FOR IMPROVING FINANCIAL SECTOR DEEPENING IN NIGERIA." Int. j. of Social Science and Economic Research, vol. 5, no. 6, June 2020, pp. 1449-1465, ijsser.org/more2020.php?id=101. Accessed June 2020. APA AKINWUNMI, O., & ISIK, A. (2020, June). INVESTMENT IN INFORMATION AND COMMUNICATION TECHNOLOGY (ICT): A SOCIAL OVERHEAD CAPITAL FOR IMPROVING FINANCIAL SECTOR DEEPENING IN NIGERIA. Int. j. of Social Science and Economic Research, 5(6), 1449-1465. Retrieved from ijsser.org/more2020.php?id=101 Chicago AKINWUNMI, Olubukola, and Abdurrahman ISIK. "INVESTMENT IN INFORMATION AND COMMUNICATION TECHNOLOGY (ICT): A SOCIAL OVERHEAD CAPITAL FOR IMPROVING FINANCIAL SECTOR DEEPENING IN NIGERIA." Int. j. of Social Science and Economic Research 5, no. 6 (June 2020), 1449-1465. Accessed June, 2020. ijsser.org/more2020.php?id=101.
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Abstract: This paper explores the importance of ICT infrastructure for the deepening of financial services sector. It identified the components of ICT Investment that support the proliferation of access to financial services and reviewed data on ICT penetration indicators against financial depth indicators to suggest relationship between ICT investment and financial depth. The case of Nigeria was further examined towards proving the essentiality of ICT Investment and digital inclusion to promote access to financial services. We identified the challenges to digital inclusion from the perspective of investment in ICT and concluded that the constraints to financial inclusion in Nigeria is steeped in its inability of taking advantage of financial services accessible through the internet by the digital excluded populace. We therefore proposed some policy recommendation to improve on ICT investment and financial depth in Nigeria.

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