GROWTH IMPACT OF SAVINGS ON THE NIGERIAN ECONOMY

<p>Savings in an economy can assume one of the several forms. These includes: Personal savings, corporate savings or business and Government savings. This study evaluated growth impact on Nigerian economy. The specifically examined effect total private consumption expenditure, gross fixed capital formation core credit to sector domestic product Nigeria. Data for were sources from CBN statistical bulletin a period ten (10) years spanning through 2011 2020. sourced data analysed using multiple regression analysis, result analysis shows that has positive significant It was also observed expenditure negative insignificant further revealed Based findings, recommends government should set sound fertile environment order foster saving will help increase level economic deposit rate money banks Nigeria monetary policy. transform financial country. create favorable condition mobilize small depositors.</p><p>JEL: D01; D31</p><p> </p><p><strong> Article visualizations:</strong></p><p><img src="/-counters-/edu_01/0987/a.php" alt="Hit counter" /></p>