ABSTRACT
The study examined the impact of
bank's performance on the economic growth of Nigeria. The study used the
ex-post facto research design and Time Series data covering 20years from
1998-20 1 8.The study employed the use of multivariate regression and multiple
regression analysis. Ordinary Least Square was used to analyze the data with
E-views. The finding revealed that total bank deposit and private sector credit
has significant impact on Gross Domestic Product of Nigeria while loans and
advances; bank lending rate has no significant impact on Gross domestic
product. Conclusively, the study adds to the existing literature on impact of
bank's performance on the economic growth of Nigeria and indicates that bank's
performance has significant impact on economic growth of Nigeria. Therefore the
study recommends that loans and advances should be allocated to productivity
activities so to enhance the Gross Domestic Product of Nigeria. Finally, based
on the negative influence of bank lending rate on Gross Domestic Product the
study recommends that bank lending rate be reduced to enable productivity unit
assess funds to finance their activities.
SUNDAY, G (2021). Impact Of Banks Performance On The Economic Growth Of Nigeria.. Mouau.afribary.org: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-banks-performance-on-the-economic-growth-of-nigeria-7-2
GIFT, SUNDAY. "Impact Of Banks Performance On The Economic Growth Of Nigeria." Mouau.afribary.org. Mouau.afribary.org, 07 Jul. 2021, https://repository.mouau.edu.ng/work/view/impact-of-banks-performance-on-the-economic-growth-of-nigeria-7-2. Accessed 26 Nov. 2024.
GIFT, SUNDAY. "Impact Of Banks Performance On The Economic Growth Of Nigeria.". Mouau.afribary.org, Mouau.afribary.org, 07 Jul. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-banks-performance-on-the-economic-growth-of-nigeria-7-2 >.
GIFT, SUNDAY. "Impact Of Banks Performance On The Economic Growth Of Nigeria." Mouau.afribary.org (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-banks-performance-on-the-economic-growth-of-nigeria-7-2