THE EFFECT OF PRIVATE SECTOR CREDIT ON FINANCIAL SECTOR RESTRUCTURING IN Nigeria (1986-2024)
Abstract
The private sector is widely recognized as one of the major drivers of economic growth in any economy, especially when the right credit is made accessible to them. In macroeconomic theory, fluctuations in the supply of money and credit constitute a key causal factor in the cyclical process of economic activity, that is, when money supply falls, prices reduce, profits reduce, production activities become sluggish, and output is low. Conversely, when money supply expands, prices rise, profits increase and the total output increases and finally, growth takes place, (Olorunmade, Samuel & Adewole, 2019). The financial sector is one of the sources that makes this credit accessible to the private sector. The financial sector enhance stability, efficiency and has the ability to mobilize and allocate resources effectively (IMF, 1997). It can then be concluded that no economy can develop without an appreciable growth in the financial sector, (Iloanya, 2023).
This article is available as a PDF download
Published in UNIPORT JOURNAL OF BUSINESS, ACCOUNTING & FINANCE MANAGEMENT
ISSN: 1596-9911
This article appears in our peer-reviewed academic journal
View JournalRelated Articles
Explore similar research in our collection
TRANSFORMING ENTREPRENEURIAL ETHICS IN NIGERIA: INSTITUTIONAL REFORMS IN EDUCATION AND REGULATION WITH INSIGHTS FROM AFRICAN NATIONS AND EMERGING ECONOMIES
Dr. (Mrs) ADIGWE PRETTY DENNIS, Dr. KEN OKIAPKE
Feb 2, 2026
This manuscript explores the challenge of re-engineering entrepreneurial ethics in Nigeria's small-s...
View ArticleIMPACT OF INTEGRATED REPORTING ON CORPORATE PERFORMANCE: A SYSTEMATIC REVIEW OF LITERATURE
BAMWA, BLESSING (PhD), AKINYOMI, OLADELE JOHN
Jan 22, 2026
Integrated Reporting (IR) has emerged as a holistic disclosure framework that seeks to enhance corpo...
View ArticleBalance of Payment and Economic Growth in Nigeria (1984-2024)
Prof Igwemma, A. A., Oguh, Marcel Ifeanyi, Onyedim S. Oluchi, Dr Mbadugha Onyebuchi
Jan 18, 2026
This study explored the effect of balance of payments on economic growth in Nigeria. The objectives ...
View Article