Bank Credit, Real Sector, Growth, Financial Intermediation.



The paper analyzed the contribution of bank credit to the growth of the
real sector of the Nigerian economy from 1986 to 2015. The objective
of the paper is to determine empirically the extent to which the non oil
sector has responded to bank credit from the period of Structural
A d j u s t m e n t P r o g r a m m e ( S A P ) t o t h e p o s t consolidation/recapitalization period. To achieve this objective, the
paper employed the autoregressive distributed lagged model to estimate the coefficients of the regressors and the previous value of the regressant on its current output. Findings from this paper revealed that bank credit and the lagged output of real sector impacted significantly on real sector growth in current period. On the basis of empirical results, the paper therefore, recommended that microeconomic agents operating in small scale agriculture, mining, manufacturing, tourism, etc, should form cooperative societies to enable them attract credit facilities with ease from the formal financial institutions. It is expected that they can leverage on the society's strength to embark on large scale production and find wider market for their products than they would have done as individual entrepreneurs thereby increasing the share of non-oil in Gross Domestic Product (GDP) and exports.


Bank Credit, Real Sector, Growth, Financial Intermediation.

Full Text:



  • There are currently no refbacks.

International Journal of Management Science Research ISSN ISSN 2536 – 605X(Print)

Copyright: All rights reserved. No parts of this journal may be reproduced in any form; be it electronic, mechanic, photocopying, recording or otherwise without the prior written permission of the publisher.

To make sure that you can receive messages from us, please add the '' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders…