Boosting Savings in Nigeria Leads to Financial Prosperity, Study Shows
The study looked at how saving money and financial growth are connected in Nigeria. They used data from 1970 to 2016 to see if saving more money leads to better financial systems. The results showed that saving money for a long time helps make the financial system stronger. To improve the situation, it is suggested that more people in Nigeria should save money in banks to increase overall savings and build up capital.