Financial Systems Theory and Control of Finances: Policy Initiatives for Access to Finance in Nigeria

Ndigwe, Chisom and Omankhanlen, A. E and Isibor, Areghan Akhanolu and Okafor, Tochukwu Chibuzor and EHIKIOYA, Benjamin I. and Achugamonu, Bede U. (2020) Financial Systems Theory and Control of Finances: Policy Initiatives for Access to Finance in Nigeria. WSEAS TRANSACTIONS on SYSTEMS and CONTROL. ISSN 2224-2856

PDF Download (769kB)

Abstract

The financial sector has witnessed several policy initiatives that have shaped the Nigerian financial system into what it is today. However, little study has been done on long-term effect of previous policies initiatives on the current loan access by firms, and this is the main objective of the study. The ARDL technique and error-correction model was used to check the long run effect of policy initiatives on loan in Nigeria utilizing data derived from the CBN statistical bulletin and world development index (1986-2019). Findings revealed that lending portfolio of deposit money banks has a negative and statistically significant relationship with domestic credit given to the private sector. In addition, the study recommended, amongst others, that regulatory authorities initiate policies that will create a platform for long term sustainable relationship with bankers and customers

Item Type:	Article
Uncontrolled Keywords:	Financial Systems Theory, Control of Finances, Financial sector, Policy initiatives, Bank
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HG Finance
Divisions:	Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Mrs Patricia Nwokealisi
Date Deposited:	27 Jun 2021 16:04
Last Modified:	27 Jun 2021 16:04
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/15058

Actions (login required)

View Item