Financial Development and Human Development in Nigeria

This study examines the relationship between financial development indicators and human in Nigeria from 1990-2019. It investigates effect of broad money supply/Gross Domestic Product (GDP) on Human development; it impact credit supply/GDP assesses link market capitalization development. The employs expo-facto research design Autoregressive Distributed Lag to examine Financial Development Development. Previous studies had focused economic growth, deepening growth. Therefore, this is a response dearth relevant empirical Nigeria. From results, long run net negligible positive. M2/GDP only account for extent monetization rather than intermediation. long-run M2/GDP, CPS/GDP are statistically significant but has no power substantially influence suggests that banks should effectively perform their intermediation roles effort be made by policy makers widen/broaden capital activity. Policy concentrate system effective supply while implementing policies.