Economics, Econometrics and Finance
8 years ago

Small Business Loans Drive Economic Growth in Nigeria, Study Finds

AFRICAN JOURNAL OF ECONOMIC REVIEW
SME Credit Financing, Financial Development and Economic Growth in Nigeria
Olorunfemi Yasiru Alimi, Olumuyiwa Ganiyu Yinusa

Paper Summary

The study looked at how lending to small and medium-sized businesses, financial market development, and other factors affect economic growth in Nigeria. They used data from 1970 to 2013 and found that loans to SMEs and money supply changes have a big impact on Nigeria's economic growth. Investment also plays a role in output fluctuations in the country.

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