THE CONTRIBUTION OF COMMERCIAL BANK TO THE ECONOMIC GROWTH IN NIGERIA (1980 –2004)
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- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The Operation of Commercial Banks in Nigeria started lately in 19th century and since then their contribution to the economic growth cannot be over emphasized. There is strong acceptance of the proposition that financial institutions and particularly the commercial banks contribute significantly to economic growth. For any country to pursue economic growth, therefore financial resources cannot be avoided. These financial resources are gotten mainly from commercial banks. This essence of commercial banks is not only to make profit for their business but also to make life meaningful to the society through their loans and advances.
This research work examined the contribution of Commercial Banks loans and advances. The aim is to know their quotas in the development of Nigeria economic growth.
The result from the research showed that loans and advances are Positively related with gross domestic product.
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