“Economic analysis of growth finance and liquid liabilities in Nigeria

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

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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.

Item Type:	Article
Uncontrolled Keywords:	credit, financial development, growth finance, market capitalization, investment management Conflict of interest statement:
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HB Economic Theory
Divisions:	Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	nwokealisi
Date Deposited:	16 Feb 2024 12:18
Last Modified:	16 Feb 2024 12:18
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/17787

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