Department of Accounting and Finance

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Browsing Department of Accounting and Finance by Author "Abdullahi Ibrahim Bello"

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    SUSTAINABLE DEVELOPMENT: NEXUS BETWEEN FINANCE AND ADJUSTED NET SAVINGS IN NIGERIA
    (DEPARTMENT OF ACCOUNTING AND FINANCE AND BUSINESS ADMINISTRATION, FOUNTAIN UNIVERSITY OSOGBO, 2019) ADEMOKOYA ALADE AYODEJI; Abdullahi Ibrahim Bello
    This study examined the Nigerian financial sector and adjusted net savings in Nigeria. Time series data from 1986–2015 was obtained from the World Development Indicators, the Central Bank of Nigeria Statistical Bulletin, and the annual reports of the National Insurance Commission. An autoregressive distributed lag (ARDL) bound test was estimated, and findings revealed that: the banking sub-sector has a positive and significant relationship (θ=0.871;P<0.01) with adjusted net savings in Nigeria; the stock market sub-sector positively and significantly (θ=0.162;P<0.1) affects adjusted net savings in Nigeria; and the insurance sub-sector positively and significantly (θ=-0.525;P<0.1) on adjusted net savings in Nigeria. This study concluded that the banking and stock market sub-sectors of the financial system significantly influence adjusted net savings in Nigeria. The study therefore recommends that the government, through it's regulatory authorities, should pay more attention to the banking and stock market sub-sectors of the financial system in order to make them resilient, effective, and efficient towards channeling funds to productive or growth-driven sectors to significantly impact adjusted net savings in Nigeria, thereby propelling sustainable development in Nigeria.