Effect Of Financial Development On Economic Growth In Nigeria (1993-2016)
ABSTRACT
The study focuses on the financial development on economic growth in Nigeria from
1993-2016. The major problem examine in this research is the effect of financial
development on the economic growth. Data were collected from secondary sources
using ex-post facto research design. The data collected were then tabulated and
analyzed using multiple regression analysis. The result of hypothesis one revealed
that there is no signflcant association between bank deposit liability and real
domestic product in Nigeria. The find of hypothesis two revealed that investment has
no significant impact on gross domestic product growth rate In Nigeria. It is
recommended that the financial institution in Nigeria should bring about more
innovations and attractive packages and promotions into their systems or banking
sectors on other to makes the public patronize their services as this Nigeria. Finally,
the government can also do more by encouraging investment as we all know that
investment increases a country's gross domestic product and also bring about
standardization investment also brings about profit terms of rent.
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EJILE, N (2021). Effect Of Financial Development On Economic Growth In Nigeria (1993-2016). Repository.mouau.edu.ng: Retrieved Nov 25, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-financial-development-on-economic-growth-in-nigeria-1993-2016-7-2
NGOZI, EJILE. "Effect Of Financial Development On Economic Growth In Nigeria (1993-2016)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 09 Jun. 2021, https://repository.mouau.edu.ng/work/view/effect-of-financial-development-on-economic-growth-in-nigeria-1993-2016-7-2. Accessed 25 Nov. 2024.
NGOZI, EJILE. "Effect Of Financial Development On Economic Growth In Nigeria (1993-2016)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 09 Jun. 2021. Web. 25 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-financial-development-on-economic-growth-in-nigeria-1993-2016-7-2 >.
NGOZI, EJILE. "Effect Of Financial Development On Economic Growth In Nigeria (1993-2016)" Repository.mouau.edu.ng (2021). Accessed 25 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-financial-development-on-economic-growth-in-nigeria-1993-2016-7-2