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Financial Liberalization and Saving Mobilzation in Nigeria (1986-2013)

By Dr. Adofu Ilemona  et al

Summary

This study investigates the relationship between financial liberalization and domestic savings mobilization in Nigeria from the period 1986-2013. Using time series data and ordinary least square(OLS) regression analysis, this work provides an empirical insight into the relationship that exist between financial liberalization and domestic savings mobilization in Nigeria. The paper demonstrated that money supply and credit supply to private sector influences savings mobilization in Nigeria significantly, interest rate on savings and exchange rate were not significant in influencing savings mobilization. The paper therefore concludes that financial liberalization had minimal effect and the increase in interest rate through liberalization could not lead to an increase in domestic saving. The study therefore recommends macroeconomic stability, effective implementation of policies and programme and also effective interest rate management.
Financial Liberalization and Saving Mobilzation in Nigeria (1986-2013)
 
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Published: February 2, 2018

Uploaded by: Dr. Adofu Ilemona

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Abstract

This study investigates the relationship between financial liberalization and domestic savings mobilization in Nigeria from the period 1986-2013. Using time series data and ordinary least square(OLS) regression analysis, this work provides an empirical insight into the relationship that exist between financial liberalization and domestic savings mobilization in Nigeria. The paper demonstrated that money supply and credit supply to private sector influences savings mobilization in Nigeria significantly, interest rate on savings and exchange rate were not significant in influencing savings mobilization. The paper therefore concludes that financial liberalization had minimal effect and the increase in interest rate through liberalization could not lead to an increase in domestic saving. The study therefore recommends macroeconomic stability, effective implementation of policies and programme and also effective interest rate management.

About the Authors

Dr. Adofu Ilemona

Dr. Adofu Ilemona

Abdulsalam, J

Abdulsalam, J

Ameji, N.e

Ameji, N.e

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