Abstract

The study examines banking sector intervention and economic growth in Nigeria using time series data spanning through 1992 to 2021. The ex-post factor research design was adopted for the study while the ordinary least square multiple regression techniques was used for the data analysis. Gross domestic product was used as proxy for economic growth while deposit money bank credit to agriculture, deposit money bank credit to manufacturing sector and credit to private sector as proxies for banking sector intervention. The findings indicate that banking sector intervention has significant effect on economic growth. The study therefore recommends that deposit money banks should continue in their intervention programmes through the provision of credit facilities to critical sectors of the economy so as to facilitate economic growth.