IIARD International Institute of Academic Research and Development

WORLD JOURNAL OF FINANCE AND INVESTMENT RESEARCH (WJFIR )

E-ISSN 2550-7125
P-ISSN 2682-5902
VOL. 8 NO. 1 2024
DOI: https://doi.org/10.56201/wjfir.v8.no1.2024.pg189.203

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Interest Rates and Capital Formation in Nigeria

B. O. Osuka, K. C. Otiwu, Nwabeke Chidinma Elizabeth

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Abstract

This study examined the effect of interest rates on capital formation in Nigeria. Time series data were sourced from Central Bank of Nigeria Statistical Bulletin

keywords:

Interest Rates, Capital Formation, Savings Rate, prime Lending Rate, Maximum Lending Rate

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References:

Adekunle, K.A., & Aderemi, A. K., (2012). Domestic investment, capital formation and
population growth in Nigeria. Developing Country Studies, 2(7), 28 – 39.

Ainabor, A.E., Shuaib I.M & Kadiri, A.K., (2014). Impact of capital formation on the
growth of Nigerian economy 1960-2010: vector error correction model
(vecm).School of Business Studies, Readings in Management and Social Studies,
1(1), 132-154.

Aiyedogbon, J. O. C., (2011). Military expenditure and gross capital formation in Nigeria.
1980 – 2010. European Journal of Humanities and Social Sciences. 7(1), 290-310.

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