Financial intermediation drives economic growth in Nigeria, boosting private sector development.
The study looked at how financial services impact economic growth in Nigeria from 1980 to 2015. They used different tests to analyze the data and found that financial services have a positive effect on economic growth in the country. This means that when people have easier access to loans and other financial help, the economy tends to grow. The study suggests that the government should make it easier for people to get loans from banks so they can invest in businesses and help the economy grow.