ABSTRACT

The study examined the impact of financial development and economic growth in Nigeria for the period of 1970 to 2014 using the ordinary least square (OLS) method. The different measure of financial development was used to capture the different channels through which finance can affect growth. The empirical findings provide evidence that there is a positive significant relationship between financial development and economic growth in Nigeria. Thus, there is the need to deepen the financial system the more as this significantly contributes to Nigeria’s economic growth and development