Business, Management and Accounting
8 years ago

Bank credit crucial for Nigerian economic growth and development, study finds.

SSRN Electronic Journal
Power of Bank Credit on Economic Growth: A Nigerian Perspective
John Ugoani

Paper Summary

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Bank credit plays a crucial role in Nigeria's economic growth. Sound financial markets are linked to long-term economic growth. Poor financial sector policies can be harmful, as seen in Nigeria in the 1990s through 2011. A study on the impact of bank credit on economic growth found a significant relationship between bank credit and economic growth, as well as socio-infrastructural development.