Boosting Savings and Investments Key to Nigeria's Economic Growth
The study looked at how savings and investments affect Nigeria's economy from 1981 to 2020. They found that higher savings lead to higher income, while more investments lead to lower economic growth. Savings and investments play a significant role in Nigeria's economic development. The researchers suggest that the government should maintain stable monetary policies, encourage savings, create a favorable investment environment, and reduce capital flight to improve the country's economy.