Downloads: 107 | Views: 194

Research Paper | Finance | Nigeria | Volume 6 Issue 11, November 2017

Economic Impact of Financial Deepening in Nigeria

Michael Chukwunaekwu Nwafor | Aremu Israel Yomi

Abstract: This research work focused on the economic impact of financial deepening in Nigeria. Obtained data spanning from 1997 to 2016 was presented and analysed in a line chart and with Two-staged Least Squares Regression method respectively. After subjecting the hypothesis under testing, result showed that financial deepening has significant impact on economic growth. Observations from data presentation also revealed that financial deepening has been increasing marginally. It was recommended that the tightened access to credit facilities in the country should be loosened up so as to ensure increased financial deepening.

Keywords: Financial Deepening, Financial System, Economic Growth

Edition: Volume 6 Issue 11, November 2017,

Pages: 1156 - 1161