International Journal of Social Science & Economic Research
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Title:
BANKING SECTOR REFORMS AND ECONOMIC GROWTH; EVIDENCE FROM NIGERIA

Authors:
Adesanya Bayo, Obademi O. E

Abstract:
The study examines the effect of banking reforms on the economic growth of Nigeria from 1994 to 2014 using the ordinary least square method with an observation that the banking sector developments that were experienced in Nigeria`s economy at one point or the other had effect on the activities of the economy. However, this does not imply that the reforms in the banking sector are solely responsible for the sector being better off. In this study, an improvement in financial intermediation, monetary policy intervention, and consistent regulations was considered a necessary condition for stimulating investment, raising productive capacity and fostering economic growth. It is therefore recommended that there should be macroeconomic stability, as the activities in all other sectors affect this or is affected by it. Also there should be political and policy stability as this also affects the effective operation of the banking sector.

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