Impact of Financial Development on the Microeconomic Performance in Nigeria 2014-2023

Student: Kehinde Peter Aribaba (Project, 2025)
Department of Banking and Finance
Osun State Polytechnic, Iree, Osun State

Abstract

development on economie growth in Nigeria, The
study spared from 2014-2023. The main objectives of the study was to examine the effect of
money supply to GDP on economie growth in Nigeria, l0 examine the effect of Credit to Private
Sector 10 GDP on economie growth in Nigeria. The Secondary data was adopted and sourced
from CBN statistical bulletin. Therefore, this study specifically test the hypothesix on financial
development on economic growth in Nigeria. The results of the estimation analysis obtained
revealed that there is insignificant and positive relationship befween Credit to Private Sector 10
GDP. money supply to GDP in Nigeria. The study recommends that the considering the ratio of
broad money supply to GDP which has no significant impact on economic growth within the
period under study, government should encourage the monetary authority like the comtral bank
can increase their investment and raise the nation's production capacity

Keywords
Effect of credit to private sector
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