International records / OpenAlex research

Banking Sector Development and Real Sector Performance in Nigeria

This study examines the effect of banking sector development on real sector performance in Nigeria from 1990–2024 using bank asset depth, domestic credit depth, interest rate spread, and broad money supply depth as proxies for banking sector development, while industrial sector value-added represented real sector performance. Data were sourced from the World Bank and IMF databases. The study employed the Augmented Dickey-Fuller (ADF) unit root test, bounds cointegration test, ARDL estimation technique, Granger causality test, and post estimation tests. The findings revealed that a long-run rel…