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September 10, 2025International Journal of Professional Business ReviewOpen Access

The Effect of Bank Credit to the Private Sector and Financial Deepening on Nigerian Economic Growth

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Authors

CMCharles O. ManassehCLChine Sp LoganKEKenechukwu K. Ede

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Overview

Observational analysis highlights significant impact of bank credit and financial deepening on economic growth in Nigeria.

Key Points

  • Economic growth improves with increased bank credit to the private sector and financial deepening.
  • Findings show a significant long-term relationship between bank credit, financial deepening, and Nigeria's economic growth.
  • Employing the autoregressive distributed lag model revealed a 68% correction from short-run to long-run rates.
  • Study recommendations suggest coordinated policies to strengthen the banking system and support economic development.

Cite This Study

Manasseh et al. (2025) studied this question.

synapsesocial.com/papers/68c23f63b210217d647965bchttps://doi.org/10.26668/businessreview/2025.v10i7.5600
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