Economics, Econometrics and Finance
8 years ago

Nigeria's Economic Growth Boosted by Increased Private Sector Credit Access.

Journal of Natural Sciences Research
Application of Time Series Analysis to Some Indices of Economic Growth during the Period 1960 to 2010 in Nigeria
Egemba Chukwuka Raymond, Nwaosu Sylvester, Onuche Peter

Paper Summary

Related papers

Economics, Econometrics and Finance
3 years ago

Market reforms boost Nigeria's economy, paving the way for growth.

Infrastructure Impact
1 view
Economics, Econometrics and Finance
4 years ago

Financial sector reforms drive economic growth in Nigeria, boosting prosperity and stability.

Infrastructure Impact
Islamic Banking
Banking Finance
Economics, Econometrics and Finance
5 years ago

Bank Loans to Private Sector Drive Economic Growth in Nigeria

Infrastructure Impact
Financial Access
Islamic Banking

The study looked at how giving credit to businesses in Nigeria affects the country's economic growth. Data from 1960 to 2010 was analyzed to see if there was a connection between Gross Domestic Product (GDP), Credit to Private Sector (CPS), Export (EX), and Import (IM). The results showed that there is a long-term relationship between economic growth, credit to the private sector, and terms of trade in Nigeria. It was also found that economic growth in Nigeria is stable. The study suggests that the government should focus on getting more credit for businesses and forming partnerships with other countries to help the private sector in Nigeria grow and overcome challenges.