ORCID iD
Muhammad-Bashir Owolabi Yusuf - 0000-0001-6730-0866
Article Type
Research Article
Abstract
The goal of this study was to investigate how Nigeria's economy and microfinance banks are related, using time series data from 1992 to 2021. The relationship was assessed using the ARDL model. Short-term negative relationship exists between Microfinance Bank Asset and Economic growth. Specifically, the results indicate that a rise in the assets of microfinance banks (MFBA) will slow Nigeria's economic expansion. Economic growth in Nigeria is considerable and favorably correlated with microfinance banks loans and advances. Finally, it was clear that there is a long-run equilibrium link between economic growth, microfinance banks' assets and their loans and advances.
Keywords
Microfinance, Economic growth, ARDL
Recommended Citation
Yusuf, Muhammad-Bashir Owolabi; Yusuff, Ridwan Olabisi; and Jimoh, Daud Ishola
(2024)
"The Relationship Between Microfinance Bank And Economic Growth In Nigeria,"
Arab Economic and Business Journal: Vol. 16
:
Iss.
1
, Article 3.
Available at: https://doi.org/10.38039/2214-4625.1040
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
