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ABSTRACT
The study empirically examined the role of deposit money banks in the growth of the Nigerian economy for a period of twenty seven years (27) (1995 to 2021). The ordinary least square (OLS) econometric technique as well as the Augmented Decay Fuller unit root test and correlation coefficient. The results obtained from the empirical estimation revealed that while bank loans (BLOANS) has an insignificant positive relationship with economic growth; bank deposits (BDEP) has significant positive relationship with economic growth. However, bank assets (BASS) and bank liquidity ratio (BLQR) have an insignificant negative effect on economic growth in Nigeria. The study recommends that, due to the significant positive impact of bank deposits on economic growth, savings culture among Nigerians and institutions should be encouraged and made attractive. Higher interest rates on savings deposit and all forms of time deposits should be introduced by management and by so doing, bank deposits will continue to have positive impact on economic growth in Nigeria.
