Market reforms boost Nigeria's economy, paving the way for growth.
Financial sector reforms in Nigeria were studied to see how they affect the country's economy. The researchers looked at data from 1981 to 2018 and found that giving more credit to businesses helps the economy grow in the short term. They also discovered that a strong stock market positively impacts the economy in the long term. When the economy is not balanced, it doesn't improve. The study suggests that continuing to make changes in Nigeria's financial sector and capital market will help the country's economy get better.