Abstract

Author:
Andrew Omosioni Agbada, Vremudia Onyeayana Wekpe

Doi: 10.26480/jtwe.02.2025.47.53

This is an open access article distributed under the Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

This research investigated the Shared Agent Network Expansion Facility (SANEF), as a strategy to improve economic productivity in Nigeria. Primary data were sourced and analyzed with Pearson’s Product-Moment Correlation Co-efficient (PPMCC) represented by ‘r’ and Coefficient of Determination (r2). The obtained results were robust displaying relatively good coefficients though at different degrees. Hypothesis one (H01) exhibited very high coefficients with PPMCC or ‘r’ coefficient standing at 0.9040 and indicating an almost excellent linear relationship. Hypothesis two (H02) had PPMCC or ‘r’ coefficient of 0.8177, also indicating a high coefficient to attest to its relevance. However, Hypothesis (H03) had an average PPMCC or ‘r’ value standing at 0.6413. These coefficients are high enough to induce reasonable and positive influence on productiveness and thus could be considered relevant to policies targeted at enhancing economic Productivity. It is based on this that we concluded that Shared Agent Banking Network Expansion Strategies are suitable to policies targeted at boosting inclusive economic Productivity in Nigeria. Therefore, it is recommended that the Central Bank of Nigeria (CBN) as a regulatory authority should sustain and reinforce the strategy through the SANEF scheme and banks should augment Agents’ products for effective allocation of funds in the economy in general and in the rural areas in particular.