International records / OpenAlex research

Analysis of Bank Lending and the Nigerian Economy

Abstract The study evaluates the effect of commercial banks’ lending on the Nigerian economy; for the period, 1998-2024. Secondary data were collected from Central Bank of Nigeria Statistical Bulletin, 2024. The study used Gross Domestic Product as proxy for the Nigerian economy and used as the dependent variable; whereas, total bank credit, total bank deposits and interest rate as the explanatory variables. The study shows that total bank credit has a positive significant effect on Gross Domestic Product in Nigeria. Total bank deposit has a significant effect on Gross Domestic Product in Nige…