Financing the Real Sector for Sustainable Economic Growth in Nigeria: Performance, Challenges and Prospects

Authors

O. B. Obembe, Obafemi Awolowo University, Ile-IfeFollow

Publisher

Central Bank of Nigeria

Keywords

Real Sector, Sustainable Economic Growth, Nigerian Economy, Nigeria, Finance

Abstract

This paper examines some of the challenges constraining the financial sector in stimulating sustainable growth in Nigeria. It observes 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.

Author Bio

The author Dr. Obembe is of the Department of Economics, Obafemi Awolowo University, Ile-Ife, Nigeria.

Publication Title

CBN Economic and Financial Review

Issue

4

Volume

49

Recommended Citation

Obembe, O. B. (2011). Financing the Real Sector for Sustainable Economic Growth in Nigeria: Performance, Challenges and Prospects. CBN Economic and Financial Review. 49(4), 43-75.