International records / OpenAlex research

Macroeconomic Determinants of Financial Sector Development in Nigeria: 1986-2024

Financial sector development is crucial for economic growth, enabling capital movement, enhancing consumption and investment, and promoting job creation. However, the optimization of the relationship between the real economy and the financial sphere require a stable macroeconomic environment. Thus, this paper investigated the macroeconomic factors that influence the growth of the financial sector development in Nigeria from 1986 to 2024., focusing on macroeconomic variables such as GDP per capita, interest rate spread , inflation and exchange rate. This study employed the Dynamic Ordinary Leas…