IDEAS home Printed from https://ideas.repec.org/a/ajp/jcrbef/v1y2019i2p16-29id5.html
   My bibliography  Save this article

Assessment of Financial Deepening on the Growth of Nigerian Economy: 1990-2016

Author

Listed:
  • Echekoba Felix Nwaolisa
  • Ubesie Madubuko Cyril

Abstract

This study was on the assessment of financial deepening on the growth of Nigerian -economy 1990¬-2016. The main objective of this study is to evaluate the effect of private sector credit, money supply and market capitalization on economic growth in Nigeria. The sources of data for this study are CBN statistical Bulletin and National Bureau of Statistics. The data obtained were analyzed using ordinary least square regression (OLS). The result of the analyses showed that the three independent variables of the study all have significant effect on Nigerian financial deepening. It was therefore recommended that policy makers should consider reducing impediments to liquidity in the stock market, easing restrictions on international capital and entry into the market to ensure that more companies are listed, policies aimed to reduce the high incidence of non performing credits to ensure that private sector credits are channeled to the real sector of the economy and monetary authorities should implement policies that increase the flow of investible funds and improves the capacity of banks to extend credit to the economy as this will make broad money supply and private sector, to significantly impact on economic growth in Nigeria.

Suggested Citation

  • Echekoba Felix Nwaolisa & Ubesie Madubuko Cyril, 2019. "Assessment of Financial Deepening on the Growth of Nigerian Economy: 1990-2016," Journal of Contemporary Research in Business, Economics and Finance, Learning Gate, vol. 1(2), pages 16-29.
    • Handle: RePEc:ajp:jcrbef:v:1:y:2019:i:2:p:16-29:id:5
    as

    Download full text from publisher

    File URL: http://learning-gate.com/index.php/2641-0265/article/view/5/4
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Financial deepening; Growth;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ajp:jcrbef:v:1:y:2019:i:2:p:16-29:id:5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael Laurence (email available below). General contact details of provider: https://learning-gate.com/index.php/2641-0265/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.