Financial resources, Growth, Nigeria's financial policy, Resource mobilization, Savings, Investment


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.

Author Bio

The author is a staff of Central Bank of Nigeria.

Publication Title

CBN Bullion







To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.