article · Journal of Public Administration Finance and Law
This study examined the effect of interest rate and savings on industrial productivity in Nigeria.The Ordinary Least Square OLS multiple regression analysis was applied on data from Central Bank of Nigeria (CBN) Statistical Bulletin in a model where industrial sector output was the dependent variable while national savings, interest rate INTR and inflation rate INFL were the explanatory variables.The result of the analysis at 5% level of significance shows that savings exerts a significant impact on industrial output in Nigeria.The result also showed that interest rate and inflation rate does not have a significant impact on industrial output in Nigeria.The study concluded that, savings has a significant positive impact on industrial output while the impact of interest rate and inflation rate on industrial output in Nigeria was positive but insignificant.It was recommended that there is a need to bridge the widening gap between lending rate and savings rate to encourage savings to generate needed loanable funds for investment in Nigeria.
This page summarises published work. The authoritative version sits with the publisher.
DOI: 10.47743/jopafl-2023-28-03
Is something wrong with this record? Report it or request removal.
Discussion
Have you built on this work, tried to replicate it, or seen it applied in practice? Share what you know. Verified researchers and MARATTO™ domain experts can open a discussion, and any member can reply. Contributions are reviewed before they appear.
No discussion yet. Open the first thread.
New to MARATTO™? Create a free account.
