DEPOSIT MONEY BANKS CREDIT AND ECONOMIC GROWTH IN NIGERIA
Résumé
The paper examined deposit money banks credit and economic growth in Nigeria from 1980-2018. The study used time series data obtained from World Bank Develoment Indicators and Auto Regressive Distributed Lag (ARDL) techinque to examine the effect of domestic credit (DCPS) on GDP as a proxy for economic growth among other variables (INF, LIR). The result showed that 1 unit increase in domestic credit (dcps) has increased GDP by 6%. Inflation rate was found to shrink economic growth rate by 7%.The study concluded that deposit money banks credit was influencial in driving economic growth in Nigeria for the 39 years period studied. The study therefore recommends that the federal government of Nigeria through its Central Bank should strengthen commercial banks to dispense more credits to private investors for sustained increase in economic activities and a robust monetary policy to check mate inflation.
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