The Impact Of Commercial Bank On The Growth Of Nigeria Economy
ABSTRACT
This research work investigated
the impact of Commercial Banks in the Nigerian economy for the period of 1981 -
2010. The data for the analysis was extracted from CBN statistical bulletin
2010 edition and subsequently analyzed using econometric model. A multiple
regression equation was formulated and the results shows that Central Banks
credit and advances has a direct or significant impact in the growth of the
Nigerian economy. It also shows that gross domestic product have positive
impact on the Nigerian economy. This restrict agrees with the economic
assumptions and apriori expectation. Based on the research findings made, the
research made some useful recommendation that commercial banks should be
encouraged to give credit to agricultural sector, credit to industrial sector
and credit to government sector of the economy and that the interest on these
credit have to be checked in order not to scare investors away from getting
capital need to run their business and boost the economy.
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AKU, G (2021). The Impact Of Commercial Bank On The Growth Of Nigeria Economy. Repository.mouau.edu.ng: Retrieved Dec 23, 2024, from https://repository.mouau.edu.ng/work/view/the-impact-of-commercial-bank-on-the-growth-of-nigeria-economy-7-2
GRACE, AKU. "The Impact Of Commercial Bank On The Growth Of Nigeria Economy" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 07 Jul. 2021, https://repository.mouau.edu.ng/work/view/the-impact-of-commercial-bank-on-the-growth-of-nigeria-economy-7-2. Accessed 23 Dec. 2024.
GRACE, AKU. "The Impact Of Commercial Bank On The Growth Of Nigeria Economy". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 07 Jul. 2021. Web. 23 Dec. 2024. < https://repository.mouau.edu.ng/work/view/the-impact-of-commercial-bank-on-the-growth-of-nigeria-economy-7-2 >.
GRACE, AKU. "The Impact Of Commercial Bank On The Growth Of Nigeria Economy" Repository.mouau.edu.ng (2021). Accessed 23 Dec. 2024. https://repository.mouau.edu.ng/work/view/the-impact-of-commercial-bank-on-the-growth-of-nigeria-economy-7-2