Banking Innovation on Sustainable Development of Nigeria during the Pre and Post Covid Era

Abstract

The research critically examined the nexus between Banking Innovation and Sustainable Development of Nigeria during the Pre and Post Covid Era between the year 2005 – 2020 respectively. The data employed for the study were basically obtained from CBN Statistical Bulletin 2020, in analyzing the data obtained; econometric techniques were used, such as Autoregressive Distributed Lag (ARDL), bounce test, granger causality, unit root and major diagnostic techniques were deployed to ascertain the impact of Banking Innovation on Sustainable Development in Pre and Post Covid Era in Nigeria. The result obtained shows positive and significant relationship between Banking Innovation (POS, ATM, MB) and Sustainable Development provided by human development Index. In the light of the above result, we recommend an immense and total improvement on the usage of banking innovative products.