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ABSTRACT
This study examines the impact of financial development on economic growth in Nigeria from 1980 to 2013. Financial development variables such as bank credit to the private sector and broad money supply were used as predictor variables alongside other predictors. Using the vector error correction methodology. It was found that in the short- run bank credit to the private sector has an insignificant and negative relationship with economic growth while in the long-run the relationship is positive. Thus the study recommended that there should be an increased sensitization of the general public on the availability of financial services so as to shore-up savings for onward lending purposes and positive investment. A stable financial and macroeconomic environment that would reduce domestic economic uncertainty and eventually attract foreign direct investment should be created.
