Impact of Financial Intermediation on Economic Growth in Nigeria
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Date
2016-12-31
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Department of Business Administration, University of Ilorin
Abstract
This study assessed the impact of financial intermediation on economic growth in Nigeria. Data were obtained from CBN statisitcal bulletin and nalysed using OLS regression technique. The study found that all the intermediation variables except credit to private sector and reserve money are positively and significantly related to GDP at 5% level of significance. It was concluded that both size and efficiecny of intermediation are necessary for growth of Nigerian economy. The study recommends that deposit money banks in Nigeria should improve their monitorring of private sector credits for effective utilization
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Keywords
Banking, Financial Intermediation, Growth, Nigeria
Citation
Jimoh, et al.