Banking Sector Reforms And Economic Performance

Banking Sector Reforms And Economic Performance

Preface

This study focuses on the counteraccusations of Credit to private Sector on the profitable growth of Nigeria. Reforms have been introduced and enforced in Nigeria over the last three decades. The impact of these reforms on the profitable growth haven’t been well felt by the citizens. The study is to determine the relationship between Credit to private Sector and profitable growth of Nigeria. Retrogression model was used to present the estimates estimated with T- test, F- test, DW- test and standard error estimates used to test the position of significance. The study set up out statistical significance between Credit to Private Sector( CPS) and Real Gross Domestic Product( RGDP) in billions( N). likewise, if there’s one( 1) million of Credit Private Sector( CPS) in the frugality, the real affair( RGDP) of the frugality will increase by some significant percent of total increase in Credit to Private Sector( CPS). The Nigerian banking sector should increase the quantum 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 profitable growth of the frugality at large. The exploration concludes that bank reforms have redounded in making banks more effective, dependable and their intermediating capabilities have also been revived.