The Impact Of Commercial Banking On Economic Development In Nigeria
ABSTRACT
This study evaluated the impact of commercial
banking towards the development of the economy in Nigeria. The data for this
work is purely secondary and collected from the CBN annual reports. The study
made use descriptive statistics, multiples regression and correlation analysis
to achieve and objective and test the hypothesis of the study. The study
focused on the commercial banks lending 7Mo the some key sectors which includes
Agriculture, Manufacturing, Mining, Communication, Oil and other sectors of the
economy. 1t was found that the Agricultural sector and manufacturing sector
received less fund from the commercial banks when compared to mining and oil
gas sectors. The lending to the Agricultural and manufacturing sector was found
to have a significant impact on the economy in Nigeria. The commercial banks
lending had a significant relationship with the economic development in
Nigeria. It is therefore, recommended that the government and policy makers,
should support cost effective lending to the sector of the economy to ensure a
positive impact on the economy.
0.0
MICHAEL, U (2023). The Impact Of Commercial Banking On Economic Development In Nigeria. Repository.mouau.edu.ng: Retrieved May 15, 2024, from https://repository.mouau.edu.ng/work/view/the-impact-of-commercial-banking-on-economic-development-in-nigeria-7-2
UNIVERSITY, MICHAEL. "The Impact Of Commercial Banking On Economic Development In Nigeria" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 12 Jul. 2023, https://repository.mouau.edu.ng/work/view/the-impact-of-commercial-banking-on-economic-development-in-nigeria-7-2. Accessed 15 May. 2024.
UNIVERSITY, MICHAEL. "The Impact Of Commercial Banking On Economic Development In Nigeria". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 12 Jul. 2023. Web. 15 May. 2024. < https://repository.mouau.edu.ng/work/view/the-impact-of-commercial-banking-on-economic-development-in-nigeria-7-2 >.
UNIVERSITY, MICHAEL. "The Impact Of Commercial Banking On Economic Development In Nigeria" Repository.mouau.edu.ng (2023). Accessed 15 May. 2024. https://repository.mouau.edu.ng/work/view/the-impact-of-commercial-banking-on-economic-development-in-nigeria-7-2