NATIONAL SAVINGS AND ECONOMIC GROWTH IN NIGERIA


NATIONAL SAVINGS AND ECONOMIC GROWTH IN NIGERIA

TABLE OF CONTENT

Title page

Approval page

Dedication

Acknowledgement

Abstract

Table of content

CHAPTER ONE

Background of the study

Statement of the problem

Research hypothesis

Justification of the study

CHAPTER TWO

2.1 Theoretical Literature

2.2 Empirical literature

2.3 limitations of the previous studies

CHAPTER THREE

Methodology

3.1 Model specification

3.2 Estimation procedure

3.3 Techniques for evaluation of the result

3.3.1 Evaluation based on economic criteria

3.3.2 Evaluation based on statistical criteria (first order test)

3.3.3 Evaluation based on economic criteria (second order test

3.4 Data source

CHAPTER FOUR

Empirical result

4.1 Presentation of regression results

4.2 Evaluation of results

4.2.1 Evaluation based on economic criteria

4.2.2 Evaluation based on statistical criteria (first order test)

4.2.3 Evaluation based on econometric criteria

CHAPTER FIVE

5.1 Summary, Policy Recommendation and Conclusion

5.2 Policy recommendation

5.3 Conclusion

ABSTRACT

This research work analyzed the impact of National Savings on economic growth in Nigeria
(1990-2015). Secondary data was adopted and sourced from CBN statistical bulletin. Ordinary
Least Square with the aid of E-view version 9was used to determine the effects of National Savings on rossDomestic Product.
The result showed that there is a positive and significant relationship between National Savings and Gross DomesticProduct in Nigeria. The study recommends amongst others that;Government should ensure an adequate macroeconomic policies that will open up the economy in order to encourage foreign direct investment inflow
and make Nigeria an export platform, where export commodities could be manufactured for established international market; so as to Strengthen Nigeria’s term of trade and induce Savings, Proper financial market development that would be able to meet the saving needs of the surging business world.

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