At the Economics department office
Appointment on Visitation important
Topic: FINANCE FOR GROWTH
Finance for growth is an off-shoot of Financial Economics. Considering this concept, financial system is expected to mobilise savings for investment with strong regulatory framework. The system is expected to perform the major functions which include mobilising and pooling savings, monitoring investment and exerting corporate governance after providing finance, facilitating the trading, diversification and management of risk, producing ex ante information about possible investment and allocate capital and so on and so forth. Finance for growth supports the idea of widening access to external finance but however warns that bigger is not necessarily better. It therefore focuses on effectiveness but not size. It warns against too rapid credit growth. In this regard, the concept of finance for growth says it is better to build a solid infrastructure than to aim for a particular structure. According to the concept of finance for growth, it is more essential to obtain access to financial services than who provides them. It maintains that the government should improve on the transparency of the supervisory process. Government and private sector can complement each other in building regulatory infrastructure but enforcement is the key.
|1.||Ph.D (ECONOMICS)||ECONOMICS, COVENANT UNIVERSITY, OTA, OGUN STATE, NIGERIA||2021|
FINANCE-GROWTH NEXUS AND INFLATION DYNAMICS IN NIGERIA: AN EMPIRICAL RE-EXAMINATION
The financial sector in Nigeria is among the most developed systems in sub-Saharan Africa. The Sector comprises a number of commercial banks and non-bank financial institutions. although, on average, financial deepness in Nigeria has shown a significant advancement since the commencement of financial liberalization in the early 80s, economic growth has, in divergence, taken a different trend, the direction of causality between financial development and economic growth has lately been carried-out by several empirical studies in sub-Saharan African countries, this study takes a new examination of the direction of causality between financial development and economic growth in Nigeria by including the impact of inflation on the finance-growth nexus. The study therefore seek to ascertain whether or not financial sector development in Nigeria depends on the demand for, not the supply of financial services. as well as establishing whether or not economic growth Granger-causes inflation and inflation Granger causes financial development in Nigeria. The result of estimation in the short run or in the long run will also be compared.
BELLO HASSAN is a Lecturer I at the Department of Economics
BELLO has a Ph.D in ECONOMICS from ECONOMICS, COVENANT UNIVERSITY, OTA, OGUN STATE, NIGERIA