MICROFINANCE BANK

It is impossible to overstate the importance of microfinance banking in the expansion and development of the Nigerian economy, which is why this study uses the multivariate ordinary least square (OLS) approach to regression analysis to examine the impact of
microfinance banks on economic growth in Nigeria from 1990 to 2021. The primary microfinance bank activities that significantly and favorably influence economic growth in Nigeria, according to the OLS regression estimates, are microfinance bank loans
(MBL), microfinance bank investments (MBI), and microfinance banks' contributions to agricultural (MBCA). However, neither the microfinance banks deposit (MBD) nor the inflation rate (INF) significantly affect Nigeria's economic growth, indicating that they
did not spur economic growth in Nigeria throughout the research period. The research makes several recommendations, including encouraging microfinance bank activities, particularly lending to, investing in, and supporting the agricultural sector given its
importance to the expansion of the Nigerian economy