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Bank Credits: An Aid to Economic Growth In Nigeria

机译:银行信贷:对尼日利亚经济增长的帮助

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This paper explores the necessity of bank credit and economic growth of Nigeria, the paper examines the relationship between bank credit and economic growth in Nigeria over the period under review. However the problem associated with bank credit facility is the constraint and regulation imposed by CBN on the percentage of credit to be given to the entrepreneurs. The study used Secondary data from banks credit on sectorial distribution such as production, General commerce, services and others were spread across the period 1980- 2011. Various statistical technique such as Diagnostic test, Unit root, co-integration Var model and Casuality test are statistically used to test the stability function, stationary properties, variable relationship and casuality effect of the variable and the result revealed that the time series properties of the variables are stationary and co integrated at most 1 with at least 2 co integrating equation. The study also showed that all the bank credit measures such as Total Production Bank Credits (TPTBKC), Total General Commerce Bank Credits (TGCBKC), Total Services Bank Credit (TSCBKC), and Other Banks Credit (OTHBKC) did not granger cause GDP instead GDP exerted influencing factor on them. More so, short run relationship exited between bank credit measures and GDP as sustainable key player in the economy It therefore recommended total supervision and over haul of the banks credit activities towards encouraging Investors in Nigeria for economic growth.
机译:本文探讨了尼日利亚银行信贷与经济增长的必要性,考察了回顾期内尼日利亚银行信贷与经济增长之间的关系。然而,与银行信贷便利相关的问题是,CBN对给予企业家的信贷比例施加了约束和监管。该研究使用了银行信贷关于部门分布(例如生产,一般商业,服务等)的次级数据,这些数据分布在1980-2011年期间。各种统计技术,例如诊断检验,单位根,协整Var模型和伤亡检验,分别为用统计学方法检验了变量的稳定性,平稳性,变量关系和偶然性效应,结果表明变量的时间序列性质是平稳的,并且最多与1个协积分方程协积分。该研究还表明,所有银行信贷措施,例如生产银行信贷总额(TPTBKC),一般商业银行信贷总额(TGCBKC),服务银行信贷总额(TSCBKC)和其他银行信贷(OTHBKC)都不会增加导致GDP的增长GDP对他们产生影响。更重要的是,银行信贷措施与作为经济可持续发展关键角色的GDP之间存在短期关系。因此,建议对银行信贷活动进行全面监督和彻底检查,以鼓励尼日利亚的投资者促进经济增长。

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