Economic and Financial Review
Publisher
Central Bank of Nigeria, Research Department.
Keywords
Sustainable growth, Agricultural and Industrial sectors, Real sector, Economic development, Central Bank of Nigeria.
Abstract
This paper examined some of the challenges constraining the financial sector in stimulating sustainable growth in Nigeria. The challenges highlighted in this work includes: poor property right protection; poor corporate governance system; lack of competitiveness of the real sector; lack of competition in the economy; poor entrepreneurship development and lack of development of rating agencies in Nigeria. It observed that for a successful real sector financing in Nigeria, a culture of accountability and transparency in the conduct of our national affairs must be taken seriously. The quality of governance must also be improved, to ensure that the legal framework for economic activities is well strengthened, such that the protection of creditors‘ rights may not be jeopardised.
Issue
49
Volume
4
Recommended Citation
Obembe, O. B. (2011). Financing the real sector for sustainable economic growth in Nigeria: performance, challenges and prospects. Economic and Financial Review, 49(4), 43-75.