Getting a better view of financialization and its play in economic growth has been one of the determining factors of performing countries and underperforming countries for the past decades. Although Nigeria's economy has been declining for the past decades with all the measures put in place by the FG have all proven abortive.
It's high time Nigeria adopts the need for financialization in all sectors of the economy to boost the nation's revenue.
For years, global economies have gone through a series of trials to boost their economy, but in the long run, many still find themselves going through the hassle of fixing their economy. Although, they wouldn't be blamed because there have been changes recently that have caused a breach. The COVID-19, Russian, and Ukraine war, amongst other global hits, has affected many nations.
The first financialization foundation started in the '70s with the fall of the Bretton Woods System.
Ever since then, financialization has created vast opportunities in economies thereby promoting cash flows in the economy, proper valuation of the country's assets in the financial market, and provision of new job opportunities.
Read more: https://www.investingport.com/nigerias-financialization-strategy-insights-and-implications/