I.O. Ovie

The study examines the impact of deposit money banks activities on industrial development in Nigeria. The study was embarked upon given the vital role played by the deposit money banks in the growth and development process of developing countries, like Nigeria were the banking sector is the main pillar of financial system. In specific terms, it examines the impact of: credit to the private sector (CRP), interest on loans and advances (ILA), bank lending rate (BL) and inflation rate (INF) on industrial development (INDO). The regressant, industrial development which is proxy by industrial output (INDO), was regressed on the regressors – credit to the private sector (CRP), interest on loans and advances (ILA), bank lending rate (BL) and inflation rate (INF). Using EViews 9.0 econometric package, the ordinary least squares (OLS) regression equation for a time series data of 41-years range, 1981 to 2021. Overall, the study's findings appear to provide evidence that credit to private sector is a critical factor influencing industrial sector development in Nigeria, whereas interest on loans and advances, bank lending rate and inflation rate were found not to be critical factors influencing the development of Nigeria's industrial sector. Based on the findings, the study recommends that the managers of industries should continue to take advantage of bank loans and other debt instruments in order to boost their performance significantly. In addition, industrialists should depend more on local sources of raw materials in order to reduce their foreign exchange cost. Also, inflation rate targeting policy to ensure that the level of inflation remains within acceptable and productive level should be sustained

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