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Commercial Banks’ Credit and Deposit Mobilization on Economic Growth in Nigeria

Author

Listed:
  • Okpunor Loveth

    (Department of Banking and Finance, Nnamdi Azikiwe University, Nigeria)

  • Etap Cyprine Besong

    (Department of Banking and Finance, University of Calabar, Nigeria)

  • Nkamare Stephen Ekpo

    (Department of Banking and Finance, University of Calabar, Nigeria)

  • Eze Prince Obiora

    (Department of Business Management, University of Calabar, Nigeria)

  • Ajaba Agnes Agbaje

    (Department of Business Management, University of Calabar, Nigeria)

Abstract

The main objective of the study was to empirically investigate the commercial banks’ credit and deposit mobilization on economic growth in Nigeria. The source of information was the secondary source which was derived from Central Bank Statistical Bulletin. The method for data analysis used was multiple regression. The findings of this study revealed that all the variables increased steadily throughout the period under review. More so, the correlation test conducted showed very strong positive correlations between bank credits, Bank deposits and GDP. It is therefore recommended that financial sector of the economy should be standardized, emphasis should be laid on the stock market by expanding its transaction network as this will help in supporting the government effort and allow them concentrate on the major fundamental and basic infrastructures needed in the economy. Also, there should be a regulatory framework that will enable financial institutions to channel their resources to the most viable sectors of the economy so as to increase the level of economic development.

Suggested Citation

  • Okpunor Loveth & Etap Cyprine Besong & Nkamare Stephen Ekpo & Eze Prince Obiora & Ajaba Agnes Agbaje, 2025. "Commercial Banks’ Credit and Deposit Mobilization on Economic Growth in Nigeria," Frontiers in Management Science, Paradigm Academic Press, vol. 4(6), pages 94-102, November.
    • Handle: RePEc:bdz:frmans:v:4:y:2025:i:6:p:94-102
    DOI: 10.63593/FMS.2788-8592.2025.11.013
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