An evaluation of the performance of Jaiz bank Nigeria plc in enhancing financial inclusion and development through deposit mobilization

Jaiz bank Plc is a non-interest commercial bank established to carter for the banking services need of interested Nigerian citizens. Therefore, the aim of this study is to evaluate the contributions of Jaiz bank in deposit mobilization into the Nigerian banking system from customers’ keen on non-interest services. To achieve this aim, secondary quantitative data on deposit mobilization by Jaiz bank Plc and thirteen interest based commercial banks is collected from their annual reports and accounts 2013-2023. Collected data is analyzed using descriptive statistical tools of percentages, tables, charts and figures. Public policy analytical framework that aid in finding the usefulness or otherwise of public policies guided the conduct of the study. Results from the analyzed data revealed that while interest based commercial banks are the dominant mobilizers of funds from surplus sources, deposit mobilization by Jaiz bank is low but consistently adding to its niche on deposit mobilization 2013-2023. Similarly, the deposit mobilization by Jaiz bank Plc has shown year in year out growth 2013-2023 thereby widening the contribution of the bank in mobilizing deposits which could otherwise be not mobilized by the interest based commercial banks. The policy implications of results from this study are that policy makers need to further formulate policies that could strengthen the operations of Jaiz bank Plc. Similarly, this could have the implication of the need for policy makers to further encourage or stimulate the establishment of more non-interest banks in the Nigerian banking system.