Bank credits to key sectors hinder economic development in Nigeria.
The article examines how bank loans in different sectors affect economic development in Nigeria. They used data from 1985 to 2019 and found that loans to public sector, real estate, and agriculture help economic development, while loans to manufacturing, mining, and general commerce hurt it. The study suggests that controlling key economic factors can help banks give more loans, leading to more investment and job opportunities, which can boost the country's economic growth.