Publication Information
Published by: Admin
Published: 2 years ago
View: 121
Pages: 20
ISBN:
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Abstract
The study was motivated to examine sectoral commercial bank loans and advances, as well as evaluate the performance of the Nigerian economy from 1990-2017. Time series data were sourced from the Central Bank of Nigeria (CBN) Statistical Bulletin. The study used Gross Domestic Product (GDP) as the function of commercial banks’ loans and advances to agriculture, manufacturing, mining and quarrying, external sector and total banks loans, as well as advances in the economy. Multiple regressions with E-views statistical package were employed in analyzing data methods. Findings of the study indicated that strong and significant relationship between commercial banks’ lending sector and economic performance. Hence, the study recommends that government should embark on sectoral policy reforms to attract commercial banks’ loans and advances for better performance of the Nigerian economy.
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