Legal Analysis of the Role of Financial Intermediaries in Enhancing Credit Accessibility for the Financially Marginalised Groups in Nigeria

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dc.contributor.authorAyokunmi Comfort THOMAS
dc.date.accessioned2026-10-15T13:23:45Z
dc.date.available2026-10-15T13:23:45Z
dc.date.issued2025-12
dc.description.abstractDespite the presence of banks and non-bank financial institutions in Nigeria, significant segments of the population such as women, individuals living in rural communities, low income earners, persons with disabilities and ethnic minorities remain financially marginalised. These marginalised groups encounter substantial barriers in accessing credit resulting from their limited education, low-income, geographic isolation and inadequate access to technology. Although banks and non-bank financial institutions are making efforts to bridge the gap for these financially marginalised groups, challenges persist. This research’s aim is to investigate the role of banks and non-bank financial institutions in enhancing access to credit for the financially marginalised groups in Nigeria, identifying barriers to financial inclusion and providing actionable recommendations for improving credit accessibility. This research explores how financial institutions can effectively improve credit accessibility for these vulnerable populations thereby addressing the gaps in financial inclusion within the country. This research employs a doctrinal approach of qualitative methodology, focusing on analysing primary and secondary sources, including legal texts, statues, regulations and case law related to financial inclusion, credit accessibility and the broader context of economic empowerment for marginalised groups. By examining these materials, the study uncovers the legal frameworks and institutional practices that influence access to financial resources in Nigeria. This research concludes that when the marginalised populations with thin credit files or no credit history are aware of credit initiatives organised by both banks and non-bank financial institutions that credit accessibility and in the long run, usage can be achieved. The research recommended a more inclusive financial landscape for the marginalised groups in Nigeria by embarking on mass public awareness sensitisation as well as the enactment of a Financial Inclusion Act. Keywords: Banks, Credit accessibility, Financial exclusion, Financial marginalisation, Non bank financial institutions. Word count: 274
dc.identifier.otherLL.M
dc.identifier.urihttps://repository.lcu.edu.ng/handle/123456789/1639
dc.language.isoen
dc.publisherLead City University Ibadan
dc.relation.ispartofseriesLL.M
dc.subjectBanks
dc.subjectCredit accessibility
dc.subjectFinancial exclusion
dc.subjectFinancial marginalisation
dc.subjectNon bank financial institutions.
dc.titleLegal Analysis of the Role of Financial Intermediaries in Enhancing Credit Accessibility for the Financially Marginalised Groups in Nigeria
dc.typeThesis

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