Bullion
Keywords
Financial resources, Growth, Nigeria's financial policy, Resource mobilization, Savings, Investment
Abstract
Financial resources for growth are from several sources because no single source could provide the required funding. The major known sources of resources for growth are based to both the informal sector and formal sector activities which include the fiscal operations of the Government foreign sector transactions, capital market activities, and institutional savings mobilisation in the financial sector which is the focus of this paper. This paper is organised in five sections. The introduction constitutes Section One which provides the background, the objective and the organisation of the paper. In section Two, the conceptual framework of financial resource mobilisation is reviewed. This is followed in Section Three by a review of Nigeria's experience in mobilising savings for growth. Section Four examines the processes of transforming savings into investment and growth as well as the constraints identified while Section Five provides a summary and conclusion with a pointer to future prospects.
Publication Title
CBN Bullion
Issue
2
Volume
20
Recommended Citation
Ezeuduji, Felix U.
(1996)
"Mobilising financial resources for growth: Nigeria's financial policy perspective.,"
Bullion: Vol. 20:
No.
2, Article 5.
Available at:
https://dc.cbn.gov.ng/bullion/vol20/iss2/5