INTEREST RATE DEREGULATION AND INDUSTRIAL SECTOR GROWTH IN NIGERIA
Abstract
ABSTRACT
The industrial sector is a vital engine for economic development in Nigeria, with the potential to create jobs, boost exports, and drive innovation. However, its growth appears to be constrained by limited access to affordable and stable financing. This study therefore examined interest rate deregulation and industrial sector growth in Nigeria. Based on the objectives of the study, three research hypotheses were formulated to guide the study.
The study period covers a period of 33years which ranged from 1991-2023. The study made use of secondary source of data, which were sourced from the Central Bank of Nigeria (CBN) statistical bulletins, and the National Bureau of Statistics (NBS) publications covering the study period. The study conducted summary statistics, and correlation analysis for all the variables while Ordinary Least Square Regression Model was used to examine the effect of the independent variable on the dependent variables. The hypotheses were tested at 0.05 level of significance.
The result of the OLS regression showed that there was a negative significant (p
Full-Text Access Notice
In accordance with the NERD Policy on promoting peer-reviewed publication, public access to the full text of a project, thesis or dissertation is restricted for three years, allowing the author and supervisors sufficient time to pursue peer-reviewed publication.
During this period, researchers with legitimate academic or research purposes may request authorisation directly from the author to enable NERD to release the indexed full texts of the work using the form below.