THE ROLE OF COMMERCIAL BANKS IN ECONOMIC GROWTH IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The project set out to examine the role of commercial banks in economic growth of Nigeria from 1980–2008. The variables used for this study are commercial bank loans and advances, interest rate on the loans, gross fixed capital formation. The main objective of the study is to examine the role of commercial bank to economic growth in Nigeria. The methodology involves the use of ordinary least squares (OLS) using E-VIEWS econometric package. These include R2 to test the explanatory power of the estimate, T-test to determine the significance of the individual parameter estimates; F-test to determine the significance of the entire regression plane and second order test to check of the properties of OLS are violated. The result of the regression analysis shows that commercial banks loans and advances, and gross fixed capital formation have a positive relationship with the economic growth in Nigeria, while interest rate on the loan show a negative relationship with the dependent variable. Based on the findings, the researcher made the following recommendations among others: (i) The Central Bank should give adequate directives to the commercial banks to give out loans and advances to the economic sectors with little interest rate. (ii) Gross fixed capital formation should be properly managed and periodically reviewed.
Related Project Materials
ANALYSIS OF ROAD TRAFFIC CRASH
Abstract
The phenomenon of road traffic crash along Abuja-Lokoja highway has been a source of concern in view of the los...
AN IN VITRO STUDY OF THE ANTIBACTERIAL PROPERTIES OF SELECTED PLANT SPECIES FOUND IN ADAMAWA STATE, NIGERIA
ABSTRACT
The antibacterial activity of plant extracts compared to a known antibiotic (ampicillin) was evaluated against ten gram-negative...
FACTORS MILITATING AGAINST THE MANAGEMENT OF PUBLIC SECONDARY SCHOOLS IN ESAN WEST LOCAL GOVERNMENT AREA OF EDO STATE
ABSTRACT
The research work is carried out to study the factors militating against the management of public seconda...
THE IMPACT OF CBN CASHLESS POLICY ON THE DEVELOPMENT OF THE BANKING SECTOR OF NIGERIA
STATEMENT OF THE PROBLEM
As more payment systems have been introduced, pundits have been predicting the emergence of a &...
THE IMPACT OF POWER GENERATION ON ECONOMIC GROWTH
ABSTRACT
The study examined the impact of power generation on economic growth in Nigeria between 1980 and 2016. Economic growth was proxy...
BRIBERY AND CORRUPTION IMPLICATIONS AND CHALLENGES ON NATIONAL DEVELOPMENT
Background Of The Study
The truism that bribery and corruption are the surest way to impede the develop...
THE ORGANIZATION OF AFRICAN UNITY AND CONFLICT MANAGEMENT IN THE NIGERIAN CIVIL WAR
Introduction
The founding of the Organization of African Unity in May, 1963 ended the rivalry among short-lived African...
THE SECRETARY PROFESSION IN NIGERIA IN THE PAST AND IN THE PRESENT: A COMPARATIVE STUDY
BACKGROUND OF THE STUDY
The secretarial profession has existed since the beginning of time, as long as...
IMPROVING PRODUCTIVITY IN THE CONSTRUCTION INDUSTRY THROUGH HUMAN RESOURCES DEVELOPMENT
Background To The Study
Human Resource Management (HRM) is of strategic importance in all organizations. It contributes...
INSURANCE COMPANIES AND THEIR IMPACT ON ECONOMIC DEVELOPMENT OF NIGERIA
ABSTRACT
Business produce goods and services to satisfy the demand of customers. Much as these businesses declare profit...
