IDEAS home Printed from https://ideas.repec.org/a/arp/ijefrr/2016p74-78.html
   My bibliography  Save this article

Bank Credits to Agricultural and Manufacturing sectors and Economic Growth in Nigeria, 1970 – 2013

Author

Listed:
  • Ipalibo Watson Sogules

    (University of Port Harcourt, Port Harcourt, Rivers State, Nigeria)

  • Emeka Nkoro

    (University of Port Harcourt, Port Harcourt, Rivers State, Nigeria)

Abstract

This study examined the impact of Bank credits to agricultural and manufacturing sectors on economic growth in Nigeria using annual time series data from 1970-2013. Using co-integration and error correction mechanism for the analysis, the study revealed that a long run relationship exists between Bank credits to agricultural and manufacturing sectors and economic growth. Given the error correction mechanism results, the study showed that Bank credits to agricultural sector exhibited an insignificant negative impact on economic growth while Bank credits to manufacturing sector exhibited a negative significant impact on economic growth in Nigeria. Based on these findings, the study recommends among others: Bank Credits to the Agricultural and Manufacturing Sectors should be properly monitored to ensure that funds meant for agricultural and manufacturing activities are not diverted for other purposes, Intending recipients of these Bank credits to the agricultural and manufacturing sectors should be made to undergo entrepreneurial training and how to pay back as at when due, so as to reduce the risks associated in giving out these Credits to the Agricultural and Manufacturing Sectors entrepreneurs.

Suggested Citation

  • Ipalibo Watson Sogules & Emeka Nkoro, 2016. "Bank Credits to Agricultural and Manufacturing sectors and Economic Growth in Nigeria, 1970 – 2013," International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 2(4), pages 74-78, 04-2016.
    • Handle: RePEc:arp:ijefrr:2016:p:74-78
    as

    Download full text from publisher

    File URL: http://www.arpgweb.com/pdf-files/ijefr2(4)74-78.pdf
    Download Restriction: no
    File URL: http://www.arpgweb.com/?ic=journal&journal=5&month=04-2016&issue=4&volume=2
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Courage Ose Eburajolo & Leonard Nosa Aisien, 2019. "Impact Of Commercial Banks’ Credit To The Real Sector On Economic Growth In Nigeria," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 4(1), pages 38-46, March.
    2. Alaba John, Stephen & Yetunde Lawal, Rodiat, 2019. "Impact Of Sectoral Allocation Of Banks' Credit On Economic Growth In Nigeria," International Journal of Contemporary Accounting Issues-IJCAI (formerly International Journal of Accounting & Finance IJAF), The Institute of Chartered Accountants of Nigeria (ICAN), vol. 8(2), pages 96-113, September.

    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:arp:ijefrr:2016:p:74-78. 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: Managing Editor (email available below). General contact details of provider: http://www.arpgweb.com/?ic=journal&journal=5&info=aims .

    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.