Impact of Bank Funding on the Growth of Nigeria's Manufacturing Sector
A Practitioner's Perspective
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This book is motivated by the concerns of the Manufacturing and Banking Sectors stakeholders on the need to evaluate the contributions of bank funding on economic growth of Nigeria. Therefore the main aim of the book is to investigate the impact of bank funding on the growth of Nigeria's manufacturing sector. The research is anchored on the endogenous growth theory and underpinned by the realist philosophical paradigm thereby employing both qualitative and quantitative approaches in data seeking, gathering and analysis. The work examined existing empirical literature on finance and economic gr...
This book is motivated by the concerns of the Manufacturing and Banking Sectors stakeholders on the need to evaluate the contributions of bank funding on economic growth of Nigeria. Therefore the main aim of the book is to investigate the impact of bank funding on the growth of Nigeria's manufacturing sector. The research is anchored on the endogenous growth theory and underpinned by the realist philosophical paradigm thereby employing both qualitative and quantitative approaches in data seeking, gathering and analysis. The work examined existing empirical literature on finance and economic growth relationship. From the study's findings it can be concluded that the direction of the causal relationship is bi-directional between bank funding and manufacturing sector growth in Nigeria and bank loans and advances have impacts on manufacturing sector growth which is positive and statistically significant. These findings and recommendations portend critical review of the credit policy and practices of the funding banks and fiscal and monetary policies of government through the CBN. For the manufacturers, the findings also may require them to review their attitude towards loan servicing.
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