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Title 'Economic analysis of growth finance and liquid liabilities in Nigeria
Full text http://eprints.covenantuniversity.edu.ng/17787/1/Economic_analysis_of_growth_finance_and.pdf
Date 2020
Author(s) Hassan, Bello; Osabuohien, E. S. C.; Ayadi, F.; Okafor, Victoria
Abstract Liquid liabilities are required to develop key sectors that drive the Nigerian economy by ensuring that loans are available for investment purposes. However, controversies concerning the effectiveness of growth finance in fostering liquid liabilities in Nigeria exist. Thus, this study examines the relationship between growth finance and liquid liabilities in Nigeria, with insight into Nigeria's real sector. In achieving its objective, the study utilizes secondary data from the annual reports of the Central Bank of Nigeria (1980'2018). The study finds that gross domestic savings significantly drive liquid liabilities in the long run compared to other growth finance indicators, which include stock market development and remittance inflows. Therefore, the study recommends that to improve liquid liability, gross domestic savings, among other growth finance indicators, should be harnessed as a tool to efficiently influence liquid liabilities in the Nigerian economy. The study concludes that attention should be paid to development policies that drive all stakeholders' gross domestic savings.
Subject(s) H Social Sciences (General); HB Economic Theory
Language en
Publisher LLC 'Consulting Publishing Company 'Business Perspectives
Relation http://eprints.covenantuniversity.edu.ng/17787/; doi:10.21511/imfi.17(3).2020.29
Type of publication Article; PeerReviewed
Format application/pdf
Identifier Hassan, Bello and Osabuohien, E. S. C. and Ayadi, F. and Okafor, Victoria (2020) 'Economic analysis of growth finance and liquid liabilities in Nigeria. 'Economic analysis of growth finance and liquid liabilities in Nigeria, 17 (3). pp. 387-396. ISSN 1810-4967 1812-9358
Repository Nigeria - Covenant University
Added to C-A: 2024-02-19;10:05:57