Intermediation Role of Deposit Money Banks (DMBS) and Real Sector Performance in Nigeria
Journal Title: IOSR Journal of Economics and Finance (IOSR-JEF) - Year 2018, Vol 9, Issue 5
Abstract
This paper seeks to examine the impact of intermediation roles of deposit money banks on the performance of the real sectors in Nigeria from 1991 to 2015. The research design adopted in this study was expost facto, that is, the use of secondary data. The researcher obtained from the Central bank of Nigeria (CBN) Statistical Bulletin and Annual Reports. The main objective is to find out if credits from money deposit banks have any significant effect on the real sectors GDP growth rate. The population and sample of the study was 24 deposit money banks operating in Nigeria. Real sectors are represented by agriculture, manufacturing and mining. The study employs Ordinary Least Square (OLS) regression techniques in data analysis. GDP, sectoral allocations to agriculture, manufacturing, and mining were used as variables. Unit Root test based on Augmented Dickey-Fuller was used to test for data stationarity. The study revealed that there is positive and statistically significant impact of deposit money banks credits on the GDP growth (performance) of agriculture; positive and no statistically significant impact on manufacturing and mining sectors performance. Adequate investment in the real sectors should be encouraged especially, in the agriculture, mining and manufacturing sectors. This measure will create employment as well as reducing the expenditure on food and raw material importations, hence increased GDP growth rate of the economy as a whole.
Authors and Affiliations
Etenam Ebenezer Akpabio
Keywords
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- DOI 10.9790/5933-0905016070.
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