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Title: :  DEPOSIT MONEY BANK CREDIT AND ECONOMIC GROWTH IN NIGERIA (2006-2015)
PaperId: :  8541
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 4 Issue 3 2018
DUI:    16.0415/IJARIIE-8541
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
Adewole Joseph AdeyinkaAdekunle Ajasin University
Akinmulegun Sunday OjoAdekunle Ajasin University
Akinde John AbiodunAdekunle Ajasin University
POPOOLA Mufutau AkanmuKwara state university

Abstract

Banking and Finance
Bank Credit, Economic Growth, Bank Consolidation, Financial Intermediation, Gross Domestic Product, Liquidity Ratio, Cash Reserve Ratio, Inflation rates
The study examined the relationship between deposit money bank credit and economic growth in Nigeria. The fluctuation in the bank credit is the basic causal factor at work in cyclical process. When money supply falls, prices decrease, profit decrease, production activities become sluggish and production falls and when money supply expands, price rise, profit increase and the total output increases and finally growth takes place. The objective of this study is to examine the determinants of Deposit Money bank credit in the Nigerian Banking System and to assess the impact of Deposit Money Bank Credits on economic growth in Nigeria. Secondary data was sourced from CBN Statistical Bulletin. The study employed Multiple Regression Analysis to present the result of the data collected. It was revealed in equation I that there exists a positive or strong correlation between the dependent variable (Total Bank Credit) and independent variable (Cash Reserve Ratio, Liquidity Ratio, Deposit Rate, Lending Rate). Also, the relationship between the dependent and independent variables was statistically significant at 5%. In equation II, there exist a positive or strong correlation between the dependent variable (GDP) and independent variable (bank credit, Interest rate/Lending rate, inflation rates). Also, the relationship between the dependent and independent variables was statistically significant at 5%. The study therefore recommends that there is need to strengthen the supervisory framework to curb tendencies for rent seeking behaviour of banks management. There is need to strengthen the overall financial system in which the banking sector operates. Government has to give top priority to pricing system in order to drastically reduce the rate of inflation to global average.

Citations

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IJARIIE Adewole Joseph Adeyinka, Akinmulegun Sunday Ojo, Akinde John Abiodun, and POPOOLA Mufutau Akanmu. "DEPOSIT MONEY BANK CREDIT AND ECONOMIC GROWTH IN NIGERIA (2006-2015)" International Journal Of Advance Research And Innovative Ideas In Education Volume 4 Issue 3 2018 Page 1711-1720
MLA Adewole Joseph Adeyinka, Akinmulegun Sunday Ojo, Akinde John Abiodun, and POPOOLA Mufutau Akanmu. "DEPOSIT MONEY BANK CREDIT AND ECONOMIC GROWTH IN NIGERIA (2006-2015)." International Journal Of Advance Research And Innovative Ideas In Education 4.3(2018) : 1711-1720.
APA Adewole Joseph Adeyinka, Akinmulegun Sunday Ojo, Akinde John Abiodun, & POPOOLA Mufutau Akanmu. (2018). DEPOSIT MONEY BANK CREDIT AND ECONOMIC GROWTH IN NIGERIA (2006-2015). International Journal Of Advance Research And Innovative Ideas In Education, 4(3), 1711-1720.
Chicago Adewole Joseph Adeyinka, Akinmulegun Sunday Ojo, Akinde John Abiodun, and POPOOLA Mufutau Akanmu. "DEPOSIT MONEY BANK CREDIT AND ECONOMIC GROWTH IN NIGERIA (2006-2015)." International Journal Of Advance Research And Innovative Ideas In Education 4, no. 3 (2018) : 1711-1720.
Oxford Adewole Joseph Adeyinka, Akinmulegun Sunday Ojo, Akinde John Abiodun, and POPOOLA Mufutau Akanmu. 'DEPOSIT MONEY BANK CREDIT AND ECONOMIC GROWTH IN NIGERIA (2006-2015)', International Journal Of Advance Research And Innovative Ideas In Education, vol. 4, no. 3, 2018, p. 1711-1720. Available from IJARIIE, http://ijariie.com/AdminUploadPdf/DEPOSIT_MONEY_BANK_CREDIT_AND_ECONOMIC_GROWTH_IN_NIGERIA__2006_2015__ijariie8541.pdf (Accessed : 14 June 2018).
Harvard Adewole Joseph Adeyinka, Akinmulegun Sunday Ojo, Akinde John Abiodun, and POPOOLA Mufutau Akanmu. (2018) 'DEPOSIT MONEY BANK CREDIT AND ECONOMIC GROWTH IN NIGERIA (2006-2015)', International Journal Of Advance Research And Innovative Ideas In Education, 4(3), pp. 1711-1720IJARIIE [Online]. Available at: http://ijariie.com/AdminUploadPdf/DEPOSIT_MONEY_BANK_CREDIT_AND_ECONOMIC_GROWTH_IN_NIGERIA__2006_2015__ijariie8541.pdf (Accessed : 14 June 2018)
IEEE Adewole Joseph Adeyinka, Akinmulegun Sunday Ojo, Akinde John Abiodun, and POPOOLA Mufutau Akanmu, "DEPOSIT MONEY BANK CREDIT AND ECONOMIC GROWTH IN NIGERIA (2006-2015)," International Journal Of Advance Research And Innovative Ideas In Education, vol. 4, no. 3, pp. 1711-1720, May-Jun 2018. [Online]. Available: http://ijariie.com/AdminUploadPdf/DEPOSIT_MONEY_BANK_CREDIT_AND_ECONOMIC_GROWTH_IN_NIGERIA__2006_2015__ijariie8541.pdf [Accessed : 14 June 2018].
Turabian Adewole Joseph Adeyinka, Akinmulegun Sunday Ojo, Akinde John Abiodun, and POPOOLA Mufutau Akanmu. "DEPOSIT MONEY BANK CREDIT AND ECONOMIC GROWTH IN NIGERIA (2006-2015)." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 4 number 3 (14 June 2018).
Vancouver Adewole Joseph Adeyinka, Akinmulegun Sunday Ojo, Akinde John Abiodun, and POPOOLA Mufutau Akanmu. DEPOSIT MONEY BANK CREDIT AND ECONOMIC GROWTH IN NIGERIA (2006-2015). International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2018 [Cited : 14 June 2018]; 4(3) : 1711-1720. Available from: http://ijariie.com/AdminUploadPdf/DEPOSIT_MONEY_BANK_CREDIT_AND_ECONOMIC_GROWTH_IN_NIGERIA__2006_2015__ijariie8541.pdf
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