Department of Accounting, Istanbul Aydin University, Istanbul, Turkey
Research Article
Financial Intermediation and its Effect on Nigeria Sustainable Development: An Empirical Analysis
Author(s): Ponle Henry*
Despite the promising future of financial inclusion brought about by the widespread use of financial technologies, a number of obstacles persist. One way to accomplish this financial innovation goal is to be receptive to the many different approaches to financial intermediation. Therefore, the study investigates the impact of financial intermediation indicators on Nigeria's Gross Domestic Product (GDP). The findings offer that the positive coefficient for Bank Branches (BB) suggests that expanding bank branches significantly promotes economic growth. Bank Rural Loans (BRL) and Bank Rural Deposits (BRD) positively affect GDP, emphasizing the importance of rural finance in fostering economic development. Notably, Loans to Small Scale Enterprises (LSSE) have a strong positive coefficient; highlighting that improving credit access for Small and Medium-sized Enterprises (SMEs) can driv.. Read More»
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