{"id":4763,"date":"2024-01-03T16:17:12","date_gmt":"2024-01-03T16:17:12","guid":{"rendered":"https:\/\/seybold-report.com\/?page_id=4763"},"modified":"2024-01-08T13:04:43","modified_gmt":"2024-01-08T13:04:43","slug":"ekwunife","status":"publish","type":"page","link":"https:\/\/seybold-report.com\/index.php\/ekwunife\/","title":{"rendered":"Ekwunife"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"4763\" class=\"elementor elementor-4763\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0164d9a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0164d9a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7166d06\" data-id=\"7166d06\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6f02106 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6f02106\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-05c74a4\" data-id=\"05c74a4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e3eac31 elementor-widget elementor-widget-text-editor\" data-id=\"e3eac31\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<h5><strong>TITLE:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/strong><\/h5><p><a href=\"https:\/\/seybold-report.com\/\"><strong>FINANCIAL DEVELOPMENT AND MANUFACTURING SECTOR PERFORMANCE IN NIGERIA, (1986 \u2013 2021)<\/strong><\/a><\/p><p><strong>AUTHORS:\u00a0 \u00a0 \u00a0<\/strong><\/p><p class=\"Default\" style=\"line-height: 150%; text-align: left;\" align=\"center\"><strong>Ekwunife Faith Chinyere, J.U.J Onwumere, Dickson Ben Uche, Eke Chukwuma Nnate, Ejinkonye, Remigius Chinwoke<\/strong><\/p><p><strong>DOI<\/strong>:\u00a0 <a href=\"https:\/\/doi-ojs.org\/10-5110-77-1093\/\">10.5110\/77. 1093\u00a0 \u00a0<\/a> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<strong>Page:\u00a0 \u00a004-24<\/strong>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<strong>\u00a0Vol:<\/strong> 19\u00a0 \u00a0 <strong>Issue:<\/strong> 01\u00a0 \u00a0<strong>Year:<\/strong> 2024<\/p><p><img decoding=\"async\" class=\"alignnone wp-image-3235\" src=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334-300x300.png\" alt=\"creative commons, cc, character-785334.jpg\" width=\"26\" height=\"26\" srcset=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334-300x300.png 300w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334-1022x1024.png 1022w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334-150x150.png 150w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334-768x769.png 768w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334.png 1278w\" sizes=\"(max-width: 26px) 100vw, 26px\" \/>\u00a0 \u00a0<img decoding=\"async\" class=\"alignnone size-medium wp-image-1242\" src=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/06\/kjk-e1687889230616-300x14.png\" alt=\"\" width=\"300\" height=\"14\" srcset=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/06\/kjk-e1687889230616-300x14.png 300w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/06\/kjk-e1687889230616-768x36.png 768w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/06\/kjk-e1687889230616.png 900w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p><p><strong>ABSTRACT<\/strong><\/p><p>This research investigates Financial Development and Manufacturing Sector Performance in Nigeria. The study used the Ex-post facto research design and annual time series from 1986 to 2021 which was sourced from Central Bank of Nigeria (CBN) Statistical Bulletin of various years and World development indicators. Principle component analysis were employed to construct index for the independent variables. The study employed Unit Root Test, the Error Correction Model (ECM) and ARDL Estimator were used in testing the hypotheses. The study used financial intermediation and financial liberalization measures to proxy financial development, while manufacturing sector growth (MOG) was used as the dependent variable. The study used deposit rate and prime lending rate as moderating measures.\u00a0 The Results of the study revealed, Financial Liberalization explained -31% of changes that take place in manufacturing sector through exchange rate liquidity ratio and nominal interest rate with a t-test of\u00a0 6.366 while Financial Intermediation explained 85%\u00a0 of changes that take place in Manufacturing Sector in Nigeria (MOG) through total loan and advance, loan to deposit and private sector credit with a t-test of 6.8150.The variables also have positive significant effect on the dependent variable except financial liberalization that has negative significant effect on manufacturing sector output. The study, concludes that regulatory authorities should concentrate more on promoting good saving mind-set, increase quality and quantity of money supply in the economy, enhancement of exchange rate, improvement of private sector credit and create effective mobile payment system as this will lead to an improved manufacturing sector performance which will in turn lead to economic growth.<\/p><p><strong>Keywords:<\/strong><\/p><p>Financial Development, Manufacturing Sector, Financial Intermediation and Financial Liberalization.<\/p><p><a href=\"#\"><strong>Received<\/strong>:<\/a> 13 December 2023<\/p><p><a href=\"#\"><strong>Accepted:<\/strong><\/a> 26 December 2023<\/p><p><a href=\"#\"> <strong>Published:<\/strong><\/a> 04 January 2024<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-104889e elementor-widget elementor-widget-button\" data-id=\"104889e\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2024\/01\/Ekwunife2431rev.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon elementor-align-icon-left\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-file-pdf\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"elementor-button-text\">PDF<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-74f01ab elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"74f01ab\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-453d700\" data-id=\"453d700\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a6a7400 elementor-widget elementor-widget-image\" data-id=\"a6a7400\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/07\/ddds-e1688811920951-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail wp-image-2318\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>TITLE:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 FINANCIAL DEVELOPMENT AND MANUFACTURING SECTOR PERFORMANCE IN NIGERIA, (1986 \u2013 2021) AUTHORS:\u00a0 \u00a0 \u00a0 Ekwunife Faith Chinyere, J.U.J Onwumere, Dickson Ben Uche, Eke Chukwuma Nnate, Ejinkonye, Remigius Chinwoke DOI:\u00a0 10.5110\/77. 1093\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Page:\u00a0 \u00a004-24\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0Vol: 19\u00a0 \u00a0 Issue: &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/seybold-report.com\/index.php\/ekwunife\/\"> <span class=\"screen-reader-text\">Ekwunife<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"class_list":["post-4763","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ekwunife - Seybold Report Journal<\/title>\n<meta name=\"description\" content=\"Seybold Report Journal \u200bis an Interdisciplinary research journal in the fields of Business, Management, Entrepreneurship, Law, Computer Science &amp; Engineering, Agriculture &amp; its allied fields, and Economic sciences.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seybold-report.com\/index.php\/ekwunife\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ekwunife - Seybold Report Journal\" \/>\n<meta property=\"og:description\" content=\"Seybold Report Journal \u200bis an Interdisciplinary research journal in the fields of Business, Management, Entrepreneurship, Law, Computer Science &amp; Engineering, Agriculture &amp; its allied fields, and Economic sciences.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/seybold-report.com\/index.php\/ekwunife\/\" \/>\n<meta property=\"og:site_name\" content=\"Seybold Report Journal\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-08T13:04:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334-300x300.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seybold-report.com\/index.php\/ekwunife\/\",\"url\":\"https:\/\/seybold-report.com\/index.php\/ekwunife\/\",\"name\":\"Ekwunife - Seybold Report Journal\",\"isPartOf\":{\"@id\":\"https:\/\/seybold-report.com\/#website\"},\"datePublished\":\"2024-01-03T16:17:12+00:00\",\"dateModified\":\"2024-01-08T13:04:43+00:00\",\"description\":\"Seybold Report Journal \u200bis an Interdisciplinary research journal in the fields of Business, Management, Entrepreneurship, Law, Computer Science & Engineering, Agriculture & its allied fields, and Economic sciences.\",\"breadcrumb\":{\"@id\":\"https:\/\/seybold-report.com\/index.php\/ekwunife\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seybold-report.com\/index.php\/ekwunife\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seybold-report.com\/index.php\/ekwunife\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seybold-report.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ekwunife\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/seybold-report.com\/#website\",\"url\":\"https:\/\/seybold-report.com\/\",\"name\":\"Seybold Report Journal\",\"description\":\"Seybold Report Journal\",\"publisher\":{\"@id\":\"https:\/\/seybold-report.com\/#organization\"},\"alternateName\":\"Seybold Report Journal\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/seybold-report.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/seybold-report.com\/#organization\",\"name\":\"Seybold Publications\",\"alternateName\":\"Seybold Report Journal\",\"url\":\"https:\/\/seybold-report.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seybold-report.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/07\/cropped-Screenshot-2022-12-27-112122.png\",\"contentUrl\":\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/07\/cropped-Screenshot-2022-12-27-112122.png\",\"width\":485,\"height\":240,\"caption\":\"Seybold Publications\"},\"image\":{\"@id\":\"https:\/\/seybold-report.com\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ekwunife - Seybold Report Journal","description":"Seybold Report Journal \u200bis an Interdisciplinary research journal in the fields of Business, Management, Entrepreneurship, Law, Computer Science & Engineering, Agriculture & its allied fields, and Economic sciences.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/seybold-report.com\/index.php\/ekwunife\/","og_locale":"en_US","og_type":"article","og_title":"Ekwunife - Seybold Report Journal","og_description":"Seybold Report Journal \u200bis an Interdisciplinary research journal in the fields of Business, Management, Entrepreneurship, Law, Computer Science & Engineering, Agriculture & its allied fields, and Economic sciences.","og_url":"https:\/\/seybold-report.com\/index.php\/ekwunife\/","og_site_name":"Seybold Report Journal","article_modified_time":"2024-01-08T13:04:43+00:00","og_image":[{"url":"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334-300x300.png"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/seybold-report.com\/index.php\/ekwunife\/","url":"https:\/\/seybold-report.com\/index.php\/ekwunife\/","name":"Ekwunife - Seybold Report Journal","isPartOf":{"@id":"https:\/\/seybold-report.com\/#website"},"datePublished":"2024-01-03T16:17:12+00:00","dateModified":"2024-01-08T13:04:43+00:00","description":"Seybold Report Journal \u200bis an Interdisciplinary research journal in the fields of Business, Management, Entrepreneurship, Law, Computer Science & Engineering, Agriculture & its allied fields, and Economic sciences.","breadcrumb":{"@id":"https:\/\/seybold-report.com\/index.php\/ekwunife\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/seybold-report.com\/index.php\/ekwunife\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/seybold-report.com\/index.php\/ekwunife\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/seybold-report.com\/"},{"@type":"ListItem","position":2,"name":"Ekwunife"}]},{"@type":"WebSite","@id":"https:\/\/seybold-report.com\/#website","url":"https:\/\/seybold-report.com\/","name":"Seybold Report Journal","description":"Seybold Report Journal","publisher":{"@id":"https:\/\/seybold-report.com\/#organization"},"alternateName":"Seybold Report Journal","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/seybold-report.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/seybold-report.com\/#organization","name":"Seybold Publications","alternateName":"Seybold Report Journal","url":"https:\/\/seybold-report.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/seybold-report.com\/#\/schema\/logo\/image\/","url":"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/07\/cropped-Screenshot-2022-12-27-112122.png","contentUrl":"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/07\/cropped-Screenshot-2022-12-27-112122.png","width":485,"height":240,"caption":"Seybold Publications"},"image":{"@id":"https:\/\/seybold-report.com\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/seybold-report.com\/index.php\/wp-json\/wp\/v2\/pages\/4763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/seybold-report.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/seybold-report.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/seybold-report.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/seybold-report.com\/index.php\/wp-json\/wp\/v2\/comments?post=4763"}],"version-history":[{"count":39,"href":"https:\/\/seybold-report.com\/index.php\/wp-json\/wp\/v2\/pages\/4763\/revisions"}],"predecessor-version":[{"id":4830,"href":"https:\/\/seybold-report.com\/index.php\/wp-json\/wp\/v2\/pages\/4763\/revisions\/4830"}],"wp:attachment":[{"href":"https:\/\/seybold-report.com\/index.php\/wp-json\/wp\/v2\/media?parent=4763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}