Tagged as: Ethnic Divisions

An illustration of financial exclusion. Photo credit - iStock

Tribalism, Financial Exclusion and the Economic Costs of Ethnic Divisions

Introduction Tribalism, or the strong loyalty to one’s ethnic group, has far reaching implications, not only in the social and political spheres but also in economic development. In many countries, particularly those with diverse ethnic communities like Nigeria, tribalism creates significant barriers to financial inclusion. Financial inclusion, the process of

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