International records / OpenAlex research

Banking Sector Credit Development and Investment Productivity in Nigeria

In Nigeria, commercial bank credit represent almost 90 percent of the financial system assets and about two-thirds of the total credit is allocated to the private sector. Financing of investments through the credit market system portends that investments are associated with a level of productivity. Thus a developed credit market that efficiently utilizes its resources will contribute optimally to economic development. One will expect that increased earnings will lead to increased availability of credits and therefore a better developed credit market but our experience is to the contrary. In co…