MA 22 Effect of Interest Rate on The Growth of Manufacturing Sector in Nigeria



Effect of Interest Rate on The Growth of Manufacturing Sector in Nigeria


OPUSUNJU Michael Isaac, PhD
AKYÜZ Murat, PhD
SANTELI Jiya, Ndalo, PhD

Abstract
The study examined the effect of interest rate on the growth of the manufacturing sector in Nigeria. Data was collected from secondary sources covering a period of 32 years from 1985-2015 and this data was obtained through the CBN Statistical bulletin and National bureau of statistics. The population of the study includes all the manufacturing firms in Nigeria. A unit root test and simple regression analysis was used to analyze data. The finding is that there is a significant effect of interest rate on the growth of the manufacturing sector in Nigeria. The study recommends that Banks in Nigeria should try to charge the low-interest rates to enable the growth of the manufacturing sector since it statistically significant.

Keywords: Interest Rate, Capacity utilization, manufacturing output and growth of the manufacturing sector.


Akyuz, M., Opsunju, M. I., & Santeli, J. N. (2019). Effect of Interest Rate on The Growth of Manufacturing Sector in Nigeria. Journal of Social Research and Behavioral Sciences, 5(19), 358-371. Retrieved from http://www.sadab.org/FileUpload/bs701867/File/z_interest_rate_to_ad.pdf

https://drive.google.com/open?id=1lJoRb1q1PSUqtGhR_zVGza6TU0WpJEjs 

http://www.sadab.org/FileUpload/bs701867/File/z_interest_rate_to_ad.pdf 

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