International records / OpenAlex research

Deposit Money Bank Credit and Manufacturing Sector Performance in Nigeria

This research looked at the relationship between bank credit and manufacturing output in Nigeria from 1993 to 2023. Banking sector credit, which is a proxy for private sector credit, and interest rates were considered stationary, with inflation and the exchange rate serving as control variables. The performance of the manufacturing sector was ascertained through the application of the Augmented Dickey Fuller unit root test. At initial difference, the variables became stationary, despite being integrated of order one I(1). The model's short- and long-term dynamics were determined using the ARDL…