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Bank Credits and Performance of Manufacturing Sector 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 on performance of manufacturing sector 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 and manufacturing sector output. Given the error correction mechanism result, the study revealed that bank credits exhibited negative significant impact on the performance of manufacturing sector in Nigeria. Based on these findings, the study recommends among others: Bank Credits to the Manufacturing Sector should be properly monitored to ensure that funds are not diverted for other purposes, intending recipients of these Bank Credits to the Manufacturing Sector 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 Manufacturing Sector and also  its adverse effect on manufacturing productivity when misappropriated.

Suggested Citation

  • Ipalibo Watson Sogules & Emeka Nkoro, 2016. "Bank Credits and Performance of Manufacturing Sector in Nigeria, 1970-2013," The Journal of Social Sciences Research, Academic Research Publishing Group, vol. 2(7), pages 129-132, 07-2016.
    • Handle: RePEc:arp:tjssrr:2016:p:129-132
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    Cited by:

    1. Hacievliyagil Nuri & Eksi Ibrahim Halil, 2019. "A Micro Based Study on Bank Credit and Economic Growth: Manufacturing Sub-Sectors Analysis," South East European Journal of Economics and Business, Sciendo, vol. 14(1), pages 72-91, June.

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