International records / OpenAlex research

Private Sector Credit and Gross Fixed Capital Formation in Nigeria

This study investigates the impact of private sector credit on gross fixed capital formation in Nigeria from 1998 to 2024. employing an ex-post facto research design. The study used commercial bank loans to general commerce, commercial bank loans to industrial sector and commercial bank loans to the real sector as explanatory variables and gross fixed capital formation as dependent variable. Ordinary Least Square estimation techniques was used for the analysis. Commercial bank loans to general commerce exhibit a negative and insignificant impact, highlighting the need for revised lending strat…