The Impact of Banks' Activities on Economic Development in Nigeria

Olokoyo, F. O. and Taiwo, J.N. and Akinjare, Victoria Abosede (2016) The Impact of Banks' Activities on Economic Development in Nigeria. International Business Management, 10 (22). pp. 5341-5351. ISSN 1993-5250

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Abstract

This study investigates the impact of Deposit Money Banks' (DJ\1Bs) activities on economic development in Nigeria. The study aims at establishing the rmderlying factors of banks' activities that influence economic growth. A structured questionnaire was used to elicit information from the respondent in banks in Nigeria. The data gathered were analyzed using SPSS (Statistical Packages for Social Sciences) to generate frequency percentages and also nm tests using One sample Test and Anova. After thorough analysis of data collected, from the findings it was observed that Deposit Money Banks (DJ\1Bs) activities do have a significant impact on economic development in Nigeria. Thus it can be concluded that banks activities play a major role in the economy. It was therefore recommended that banks should improve on the mobilization of resources and how such resources are allocated. This would help them in pricing and trading off risk, channeling of fund and also in effective implementation of monetary and fiscal policies

Item Type:	Article
Uncontrolled Keywords:	Impact of bank, economic development, DBMS, SPSS, frequency percentage, DJ\.1B
Subjects:	H Social Sciences > H Social Sciences (General)
Divisions:	Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Mrs Patricia Nwokealisi
Date Deposited:	20 Jan 2017 12:55
Last Modified:	20 Jan 2017 12:55
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/7613

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