PERFORMANCE OF DEPOSIT MONEY IN THE BANKS ON ECONOMIC DEVELOPMENT IN NIGERIA
1Bello, Babatunde Sikiru; 1Nwokenkwo, B. O.; 1Ogundeji, Sunday Tolulope; 1Abdullahi, Ibrahim; & 1Idaomi, Taiye Olorunfemi
1Department of Marketing, Federal Polytechnic, Bida
5Department of Business Administration & Management, Federal Polytechnic, Bida
ABSTRACT
This study examined the effect of commercial banks’ performance on economic development in Nigeria, which aims to evaluating the impact of bank credit on economic development in Nigeria and to appraise the impact of growth in liquidity liabilities of banks on economic growth in Nigeria. The collection of data for this research work is done through the administration of questionnaire with the sample size of 20. However, the
methods of data collection were both primary and secondary method of data collection. Also the hypothesis was tested using ANOVA and meaningful suggestions were put forward in order to realize the organizational objective. Findings were made among them that that bank credit advancement is a tool for economic development. also, that
availability of bank credit advancement can increase entrepreneurial development. The study therefore recommends that credit to the private sector should be directed at priority sectors for its impact to be felt in the economy. Also, commercial banks should always give credit advance to the owners of entrepreneurship businesses, who have proven characteristics and behaviour together with business viability and authenticity which in
turn will boost the Nigerian economy. Keywords: Commercial Bank, performance, Economic development, Liquidity liabilities,
Credit advancement
