Financial Development-Income inequality nexus in Developing economies in post-Covid-19 Era: Evidence from Nigeria

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dc.creatorOkafor, Victoria, OLURINOLA, Isaiah Oluranti, Bowale, Ebenezer I.K, Osabohien, Romanus, Oluwatayo, Esther
dc.date2023
dc.date.accessioned2025-04-15T12:51:38Z
dc.descriptionIssues: To have a thriving economy post-COVID-19, relevant and viable policies need to be put in place. The incidence of COVID-19 has reduced the last 5 years efforts towards reducing global poverty and income inequality to nothing as poverty and income inequality have further widened. Income inequality is the disparity in income distribution that has further widened due to the income loss of people because of the lockdown instigated to curb the spread of the pandemic. While the lockdown affected global productivity, developing economies are more likely to be more affected because the pandemic exposed the vulnerabilities of economies due to the pre-existing developmental issues plaguing developing economies. Therefore, measures must be taken drastically to ensure that developing economies have an economy to look forward to post-COVID. Methods: This study analysed how financial development can effectively aid income inequality reduction in Africa, focusing on Nigeria. The study examined the Nigeria Baseline Household survey conducted by the World Bank during the heat of COVID-19 with the aid of descriptive statistics. Findings: findings show that financial development can drastically reduce income inequality when electronic measures are embraced.
dc.formatapplication/pdf
dc.identifierhttp://eprints.covenantuniversity.edu.ng/18816/
dc.identifier.urihttps://repository.covenantuniversity.edu.ng/handle/123456789/49462
dc.languageen
dc.subjectHB Economic Theory, HJ Public Finance
dc.titleFinancial Development-Income inequality nexus in Developing economies in post-Covid-19 Era: Evidence from Nigeria
dc.typeArticle

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