Effect Of Financial Sector Reforms On Economic Growth In Nigeria
DOWNLOAD
Download Effect Of Financial Sector Reforms On Economic Growth In Nigeria PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Effect Of Financial Sector Reforms On Economic Growth In Nigeria book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Effects Of Financial Sector Reforms On Economic Growth The Case Of Nigeria
DOWNLOAD
Author : Angel Okonkwo
language : en
Publisher:
Release Date : 2021-07-13
Effects Of Financial Sector Reforms On Economic Growth The Case Of Nigeria written by Angel Okonkwo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-13 with categories.
Research Paper (undergraduate) from the year 2019 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 4.60, course: Banking and Finance, language: English, abstract: The objectives of this study includes to examine the effects of banking sector reforms on bank performance, savings, investments, developments of the Nigerian Banking System and Economic Growth. The banking sector is without no doubt a very essential part of the economy of a nation and any reforms carried out in it extend to other parts of the economy representing a transformational moment for the economy and its people. So it remains a nationwide challenge that the Nigerian banking sector and it's reforms haven't been able to significantly support the long-term financial needs of the real sector or facilitate the growth of the Nigerian economy The Augmented Dickey-Fuller (ADF) Test and The Phillip-Perron Test were used to test for stationarity of the variables, while the Johansen co-integration test was employed to indicate the existence of a long-run relationship among Gross Domestic Product-which acted as the Economic Growth proxy, Commercial Bank's Capital, Commercial Bank's Credit, and Number of Commercial Bank Branches which acted as the other variables. Secondary data was sourced from Commercial Bank Statistics, Central Bank Of Nigeria Bulletins, Nigeria Bureau Of Statistics, Statistical Bulletins for the period of 1998-2017. Conclusively, there was a positive and significant relationship betweenEconomic Growth and Banking Sector Reforms in the long run, but a negative relationship between Economic Growth and Financial Sector Reforms in the short-run. It was recommended that the government should ensure political and macroeconomic stability as the activities in all other sectors are affected by them, and that people are enlightened on the benefits of banking sector reforms so that they don't take opposing actions against the goal of reforms.
Economic Growth In Nigeria
DOWNLOAD
Author : Charles Osondu Manasseh
language : en
Publisher:
Release Date : 2014
Economic Growth In Nigeria written by Charles Osondu Manasseh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
The growth of financial system, as the central hub of every economy is paramount for economic development. The reformation of the financial sector is the bedrock for building a formidable, transparent and efficient financial system that could supports the mobilisation of domestic and foreign savings for investment. Conversely, it deepens and broadens financial intermediation, and enforces strict regulations with prudential guide for increase in business activities. Thus, the aim of the study is to investigate the causal relationship between financial sector reforms and economic growth in Nigeria. The study also established the impact of financial sector reforms on economic growth to ascertain if financial sector reforms in Nigeria promote growth. To establish this, financial sector reforms is measured with the ratio of banking sector domestic credit, domestic credit to the private sector and Capital flow proxied with foreign direct investment while economic growth is captured with Per capita GDP. Using generalised linear regression method, with quarterly time series data that spans the periods 1981Q1 to 2010Q4, the following findings on granger causality test were noticed; (a) bidirectional relationship between banking sector domestic credit and per-capita GDP; (b) unidirectional causation running from foreign direct investment to per-capita GDP and; (c) unidirectional causation running from per-capita GDP to domestic credit to the private sector. However, from the findings, banking sector domestic credit and foreign direct investment are the major policy variables that can be adjusted for economic growth. Finally, the estimated regression results show that the explanatory variables accounted for approximately 63.45 percent variation in economic growth. Hence, financial sector reform promotes economic growth in Nigeria.
Effect Of Financial Sector Reforms On Economic Growth In Nigeria
DOWNLOAD
Author : Uju Akpunonu
language : en
Publisher:
Release Date : 2019
Effect Of Financial Sector Reforms On Economic Growth In Nigeria written by Uju Akpunonu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
The study examines the effect of financial (banking) sector reforms on economic growth in Nigeria from 1986-2013. Specifically, the study evaluates the extent to which bank capitalization (CAP) and interest rate (INTD) have affected economic growth in Nigeria. Secondary data were generated from various issues of Central Bank of Nigeria Statistical Bulletin, and the World Development Indicators of the World Bank. Ordinary Least Square (OLS) regression was adopted to test the two hypotheses formulated for the study. The study revealed that bank capitalization (CAP) has significantly affected economic growth in Nigeria and interest rate (INTD) has also affected economic growth significantly, though at long run. The study recommends that the CBN should build and maintain a well-articulated and properly implemented banking reforms such that will stimulate savings through high real deposit rate and lending rate which will result in financial deepening and thus, economic growth.
The Nigerian Banking Sector Reforms
DOWNLOAD
Author : S. Apati
language : en
Publisher: Springer
Release Date : 2011-12-13
The Nigerian Banking Sector Reforms written by S. Apati and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-12-13 with Business & Economics categories.
This is the first comprehensive book on the politics and economics of financial sector consolidation in an emerging market in West Africa. It draws on the author's twenty years experience working with multinationals in this oil-rich zone, to address key issues and examine banking reform in one of the world's fastest-growing economies.
Financial Sector Reforms And Economic Growth In Nigeria 1970 2009
DOWNLOAD
Author : Mfonobong Etokakpan
language : de
Publisher: LAP Lambert Academic Publishing
Release Date : 2012-05
Financial Sector Reforms And Economic Growth In Nigeria 1970 2009 written by Mfonobong Etokakpan and has been published by LAP Lambert Academic Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05 with categories.
This book offers an investigation to the links between financial sector reforms and economic growth in Nigeria. It discovered the channels through which financial liberalization contributed to the economic growth in Nigeria. This book reveals that all is not well with the McKinnon and Shaw postulation as interpreted and applied to Nigerian economy. The target of achieving positive and rising real deposit rate via increase in nominal interest rate was obviously a wrong approach given the structure of the economy and the connection between the financial system. A more effective means to improve real interest rate would be through macroeconomic stabilization and fiscal reforms. However, the book revealed a linkage between financial sector and economic growth. Although the results were mixed, the estimated results reveal that changes in exchange rate affect GDP i.e. exchange rate and have significant impacts on economic growth. In addition, a positive impact in exchange rate will have a positive impact on economic growth. Hence, these results show the need to sustained reforms in the financial sector in order to enhance economic growth.
Examining July 2004 Banking Sector Reform And Economic Growth
DOWNLOAD
Author : Arit Edet-Nkpubre
language : en
Publisher: LAP Lambert Academic Publishing
Release Date : 2011-10
Examining July 2004 Banking Sector Reform And Economic Growth written by Arit Edet-Nkpubre and has been published by LAP Lambert Academic Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-10 with categories.
This paper focuses specifically on the 2004 banking sector reforms in Nigeria and its concomitant. The study noted that the reforms focused on strengthening the financial systems through banking sector consolidation, foreign exchange market stabilization, interest rates restructuring and the pursuit of stabilization as against structural adjustment policies for monetary and inflationary controls. The paper investigates the effect of banking sector reforms on economic growth in Nigeria over the period 1999 - 2009.
The Impact Of Financial Sector Reforms On Bank Growth In Nigeria
DOWNLOAD
Author : Adewale Adegoke Alawiye-Adams
language : en
Publisher:
Release Date : 2013
The Impact Of Financial Sector Reforms On Bank Growth In Nigeria written by Adewale Adegoke Alawiye-Adams and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
The paper empirically examined the impact of financial sector reforms on Bank growth in Nigeria and data spanning a period of thirty four years (i.e. 1971-2005) was analysed using the Panel Data Model. Earnings per Share (EPS), Returns on Capital Employed (ROCE) and Returns on Equity (ROE) were used as proxies for Bank growth (i.e. the dependent variables) while Interest Rate, Real Financial Savings and Exchange Rates were used as the proxies for financial sector reform (i.e. the independent variables).A number of diagnostic tests were also conducted on the residuals to evaluate the models; these include the Breuch-Godfrey Serial Correlation Lagrange Multiplier (LM) Test, the Ramsey REST Test of Specification Error (i.e. to test for omitted variables, incorrect functional form, correlation between exogenous variables and error term) and the Cumulative Sum (CUSUM ) tests of parametric stability, the LM test of Serial Correlation showed that there was an absence of first order serial correlation in the residuals and cumulative sum tests also showed that observations are more stable during Pre-S.A.P (Structural Adjustment Programme) period than the Post-S.A.P era.The result obtained showed that though the impact of financial sector reforms on bank growth in Nigeria for the period of study was significant, especially as measured by the proxies of Earnings per Share and Return on Equity, it was not significant enough to transform the nations' economy to the desired level.Given the foregoing therefore, the study suggests among other things that what is needed is for financial sector reform to achieve its purpose, a stable macroeconomic environment is a prerequisite and it is germane to ensure that government fiscal policies are crafted to complement monetary policies.
The Nigerian Economy And Current Economic Reforms
DOWNLOAD
Author : Augustus N. Gbosi
language : en
Publisher:
Release Date : 2007
The Nigerian Economy And Current Economic Reforms written by Augustus N. Gbosi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Nigeria categories.
Financial Reform In Developing Countries
DOWNLOAD
Author : José María Fanelli
language : en
Publisher: Springer
Release Date : 1998-11-12
Financial Reform In Developing Countries written by José María Fanelli and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-11-12 with Business & Economics categories.
For the large number of developing countries undergoing significant structural transformations, one of the most important and controversial adjustment areas is that of the financial markets. Focusing on the role of the institutional and enabling environment within which financial reform occurs and on the integration of principles of finance with more macroeconomic approaches to the subject, the book contains case studies of reform experiences in Argentina, India, Nigeria, Turkey and Uruguay. Themes studied include the 'go slow' versus 'big bang' approach and the particular problem of bank-firm inter-linkages in Eastern Europe.
Banking In Africa
DOWNLOAD
Author : Martin Brownbridge
language : en
Publisher: Africa World Press
Release Date : 1998
Banking In Africa written by Martin Brownbridge and has been published by Africa World Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.
This book provides a review of the evolution of the post-independence banking system in Africa. There is a strong focus on the problems of restructuring of banking institutions and the management of the bad and non-performing assets of public sector institutions.