Bookcover of Impact of Bank Funding on the Growth of Nigeria's Manufacturing Sector
Booktitle:

Impact of Bank Funding on the Growth of Nigeria's Manufacturing Sector

A Practitioner's Perspective

LAP LAMBERT Academic Publishing (2019-08-29 )

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ISBN-13:

978-620-0-28936-0

ISBN-10:
6200289360
EAN:
9786200289360
Book language:
English
Blurb/Shorttext:
This book is motivated by the concerns of the Manufacturing and Banking Sectors stakeholders on the need to evaluate the contributions of bank funding on economic growth of Nigeria. Therefore the main aim of the book is to investigate the impact of bank funding on the growth of Nigeria’s manufacturing sector. The research is anchored on the endogenous growth theory and underpinned by the realist philosophical paradigm thereby employing both qualitative and quantitative approaches in data seeking, gathering and analysis. The work examined existing empirical literature on finance and economic growth relationship. From the study's findings it can be concluded that the direction of the causal relationship is bi-directional between bank funding and manufacturing sector growth in Nigeria and bank loans and advances have impacts on manufacturing sector growth which is positive and statistically significant. These findings and recommendations portend critical review of the credit policy and practices of the funding banks and fiscal and monetary policies of government through the CBN. For the manufacturers, the findings also may require them to review their attitude towards loan servicing.
Publishing house:
LAP LAMBERT Academic Publishing
Website:
https://www.lap-publishing.com/
By (author) :
Don Ogbonna
Number of pages:
240
Published on:
2019-08-29
Stock:
Available
Category:
Business management
Price:
50.90 €
Keywords:
Banking, Bank, Nigeria, lending, Funding, Growth, development, Monetary, Fiscal, Inflation, business, Management, practice, Borrower, Lender, policy, Government, Philosophy, Methodology, Realism, Manufacturing sector, Interest rate, Fiscal Monetary Policy

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