INTRODUCTION
This study focuses on the implications of Credit to private Sector on the economic growth of Nigeria. Reforms have been introduced and implemented in Nigeria over the last three decades. The impact of these reforms on the economic growth have not been well felt by the citizens. The study is to determine the relationship between Credit to private Sector and economic growth of Nigeria. Regression model was used to present the estimates evaluated with T-test, F-test, DW-test and standard error estimates used to test the level of significance. The study found out statistical significance between Credit to Private Sector (CPS) and Real Gross Domestic Product (RGDP) in billions (N).furthermore, if there is one (1) million of Credit Private Sector (CPS) in the economy, the real output (RGDP) of the economy will increase by some significant percent of total increase in Credit to Private Sector (CPS).The Nigerian banking sector should increase the amount of credit given to private sector; this will in turn contributes greatly to the growth of Real Gross Domestic Product (GDP)bringing about increase in economic growth of the economy at large. The research concludes that bank reforms have resulted in making banks more efficient, reliable and their intermediating potentials have also been revived.
Terms of Use: This is an academic paper. Students should NOT copy our materials word to word, as we DO NOT encourage Plagiarism. Only use as a guide in developing your original research work. Thanks.
Disclaimer: All undertaking works, records, and reports posted on this website, eprojectguide.com are the property/copyright of their individual proprietors. They are for research reference/direction purposes and the works are publicly supported. Do not present another person’s work as your own to maintain a strategic distance from counterfeiting its results. Use it as a guide and not duplicate the work in exactly the same words (verbatim). eprojectguide.com is a vault of exploration works simply like academia.edu, researchgate.net, scribd.com, docsity.com, course hero, and numerous different stages where clients transfer works. The paid membership on eprojectguide.com is a method by which the site is kept up to help Open Education. In the event that you see your work posted here, and you need it to be eliminated/credited, it would be ideal if you call us on +2348064699975 or send us a mail along with the web address linked to the work, to eprojectguide@gmail.com. We will answer to and honor each solicitation. Kindly note notification it might take up to 24 – 48 hours to handle your solicitation.