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Title: :  Financial Intermediation and Capital Formation in Nigeria
PaperId: :  26463
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 11 Issue 3 2025
DUI:    16.0415/IJARIIE-26463
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
Sandra Chisor-WabaliUniversity of Port Harcourt Business School

Abstract

Economics and Finance
Financial Intermediaries, Circulation, Economic Growth, Mobilization, Accumulation
This study will examine how financial intermediation influences capital formation in Nigeria from 1981 to 2022. Further to this, there was a review on how the private sector credit, money supply, and deposit mobilization influence capital formation in Nigeria. Data utilized in the study were sourced from the Central Bank of Nigeria statistical bulletin of various issues. The study applied the descriptive, unit root, Johansen co-integration and the Vector Error Correction (VEC) estimates. The study test reveals that all the variables were stationary at first differences necessitating the Johansen co-integration test that validates the existence of long-run form. The VEC estimate shows that private sector credit, money supply, and deposit mobilization are positive and significant to capital formation in Nigeria. The study concluded that financial intermediation substantially spurs the level of capital formation in Nigeria; thus, giving credence to the supply-leading theory in the Nigerian economy. Thus, the study recommends that banks boost deposit mobilization and accumulation channels since they promote growth. Also, greater efforts should be made to boost the quantity of cash in circulation, since this improves Nigeria's capital creation

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IJARIIE Sandra Chisor-Wabali. "Financial Intermediation and Capital Formation in Nigeria" International Journal Of Advance Research And Innovative Ideas In Education Volume 11 Issue 3 2025 Page 418-426
MLA Sandra Chisor-Wabali. "Financial Intermediation and Capital Formation in Nigeria." International Journal Of Advance Research And Innovative Ideas In Education 11.3(2025) : 418-426.
APA Sandra Chisor-Wabali. (2025). Financial Intermediation and Capital Formation in Nigeria. International Journal Of Advance Research And Innovative Ideas In Education, 11(3), 418-426.
Chicago Sandra Chisor-Wabali. "Financial Intermediation and Capital Formation in Nigeria." International Journal Of Advance Research And Innovative Ideas In Education 11, no. 3 (2025) : 418-426.
Oxford Sandra Chisor-Wabali. 'Financial Intermediation and Capital Formation in Nigeria', International Journal Of Advance Research And Innovative Ideas In Education, vol. 11, no. 3, 2025, p. 418-426. Available from IJARIIE, https://ijariie.com/AdminUploadPdf/Financial_Intermediation_and_Capital_Formation_in_Nigeria_ijariie26463.pdf (Accessed : 29 August 2025).
Harvard Sandra Chisor-Wabali. (2025) 'Financial Intermediation and Capital Formation in Nigeria', International Journal Of Advance Research And Innovative Ideas In Education, 11(3), pp. 418-426IJARIIE [Online]. Available at: https://ijariie.com/AdminUploadPdf/Financial_Intermediation_and_Capital_Formation_in_Nigeria_ijariie26463.pdf (Accessed : 29 August 2025)
IEEE Sandra Chisor-Wabali, "Financial Intermediation and Capital Formation in Nigeria," International Journal Of Advance Research And Innovative Ideas In Education, vol. 11, no. 3, pp. 418-426, May-Jun 2025. [Online]. Available: https://ijariie.com/AdminUploadPdf/Financial_Intermediation_and_Capital_Formation_in_Nigeria_ijariie26463.pdf [Accessed : 29 August 2025].
Turabian Sandra Chisor-Wabali. "Financial Intermediation and Capital Formation in Nigeria." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 11 number 3 (29 August 2025).
Vancouver Sandra Chisor-Wabali. Financial Intermediation and Capital Formation in Nigeria. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2025 [Cited : 29 August 2025]; 11(3) : 418-426. Available from: https://ijariie.com/AdminUploadPdf/Financial_Intermediation_and_Capital_Formation_in_Nigeria_ijariie26463.pdf
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