Department of Banking and Finance

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Subject: search.filters.subject.Economic Growth

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    ASSESSMENT OF THE IMPACT OF CENTRAL BANK OF NIGERIA AGRICULTURAL INTERVENTION FUNDS ON ECONOMIC GROWTH IN NIGERIA
    (Covenant University, Ota, 2026-08) Emmanuel, Abimbola Iyanu; Covenant University Dissertation
    This research examined the nexus between the various Central Bank of Nigeria (CBN) intervention funds in the agricultural sector and the economic growth of Nigeria. The study specifically examined the effects of Interest Drawback (IDB), Agricultural Credit Guarantee Scheme Fund (ACGSF) Anchors Borrowers Program (ABP), Nigerian Incentive-Based Risk sharing System for Agricultural Lending (NIRSAL), AND Financial Inclusion on Nigeria’s Economic Growth. Secondary data from 1995 to 2024, sourced from the CBN Bulletin, NIRSAL Website, National Bureau of Statistics, and Federal Ministry of Finance Website, was utilized for the study. The data were analysed using the Autoregressive Distributed Lag (ARDL) Model. The ARDL results revealed the existence of a long-run equilibrium relationship among the variables. IDB, ACGSF, ABP, NIRSAL, and Financial Inclusion exerted positive and statistically significant effects on GDP in the long run. The CBN should strengthen and expand agricultural intervention programmes while improving monitoring and evaluation mechanisms to enhance their contribution to economic growth.
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    Financial Deepening and Economic Growth Nexus in Nigeria
    (Journal of Global Entrepreneurial Management Vol4(1), 2026) Omokore, David Eyitayo; Omankhanlen, Alexander Ehimare; Ajayi, Olusuyi; Akinjare, Victoria Abosede
    This study explored the relationship between financial deepening and economic growth in Nigeria over the period 1971 to 2020. The literature presents differing views on whether financial deepening has a positive effect on economic growth, prompting further empirical investigation. Annual data on key variables-such as lending interest rate, bank capital, bank liquid reserves, domestic credit, and stock traded-were obtained from the World Bank Indicators. The analysis employed an Ordinary Least Squares (OLS) regression model to assess the effects of these variables on Nigeria’s GDP. The results indicated that bank liquid reserves had a positive and statistically significant impact on GDP at the 5% significance level, while domestic credit and stock traded were positive but not statistically significant. Based on these findings, the study recommends that the Central Bank of Nigeria (CBN) urgently reconsider its monetary policy rate and the volume of financial resources allocated to the private sector. Additionally, measures should be introduced to cushion the effects of disinvestment and to promote policies that enhance income, liquidity preferences, and savings behavior among citizens, all of which can contribute to a more resilient economy. Finally, financial institutions are encouraged to develop a wider range of financial instruments to attract investors and mobilize idle funds for productive investments