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September 25, 2025European Journal of Accounting Auditing and Finance ResearchOpen Access

Financial Sector Development and Economic Growth: An Empirical Investigation of the Nigerian Economy (2020 - 2024)

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Authors

ZDZainab Ibrahim DasukiFMFaiza MaitalaMGMuhammad Sheriff Gimba

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Overview

Quantitative analysis finds significant correlation between financial sector development and GDP in Nigeria, highlighting key variables like credit and capital markets.

Key Points

  • A positive relationship exists between financial sector development and economic growth in Nigeria.
  • The analysis revealed that increases in credit to the private sector and capital market development significantly impact GDP growth.
  • Statistical techniques like regression and correlation analysis were employed to assess the data collected.
  • The study suggests a need for multi-tiered strategies from financial stakeholders to enhance economic contributions.

Cite This Study

Dasuki et al. (2025) studied this question.

synapsesocial.com/papers/68d5bd64dc445aa9033b02behttps://doi.org/10.37745/ejaafr.2013/vol13n96182
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