The Impact Of Bank Credit On The Nigeria Economy

BACKGROUND OF THE STUDY Credit in deeper perspective conates different definitions depending on angle on which it is being viewed. In an accountant, credit means financial benefit and also put in another way, having a corresponding relationship on a dual entry principles. To a banker it means financial accommodation, a type of financial facility, packaged, for the benefit of the deficit economic unit. In essence, it involves an allocation of finds. For example, chamber Dictionary define credit as sum placed at one’s disposal in the books of bank. This definition crystallizes the concept that w…