Global Journal of Management and Business Research, A: Administration and Management, Volume 22 Issue 7

The ARDL test results for hypothesis one are presented in box 4.5.1 below: Source: Extract from ARDL Regression Model Estimation Results. As revealed, Mobile banking showed significant impact to the growth rate of the Nigeria economy (coefficient of Mobile banking = 0.1735, t-value 0.048175). This indicates that 17% increase in GDPGR in Nigeria is due to 1% increase in Mobile banking, The probability value of 0.0000>0.05 confirms the significance of the result. Given the t-statistics of mobile banking (-3.6025) and the probability of t-statistics 0.00 1 >0.05 being significant, we reject the null hypothesis and conclude that mobile banking had significant impact on the growth rate of the Nigeria economy. The ARUL test results for hypothesis two are presented in box 4.5.2 below: Source: Extract from ARDL Regression Model Estimation Results. ATM showed significant impact on the growth rate of the Nigeria economy (coefficient of ATM = 0.823344, t-value = 0.159879). This indicates that a one percent 82% increase in GDPGR output in Nigeria is due to 1% increase in ATM, The probability value of 0.0000>0.05 confirms the significance of the result. Given the t-statistics of ATM (-3.6025) and the probability of t-statistics 0.001 >0.05 being significant, we reject the null hypothesis and conclude that ATM had significant impact on the growth rate of the Nigeria economy. The ARDL test results for hypothesis three are presented in box 4.5.3 below: Source: Extract from ARDL Regression Mode! Estimation Results. Internet banking showed significant impact on the growth rate of the Nigeria economy (coefficient of INTB 0.2499, t-value = 7.158155). This indicates that a 1% growth in internet banking in Nigeria causes a 24% increase in the growth rate of the economy. The probability value of 0.0000>0.05 confirms the significance of the result. Given the t-statistics of Internet banking (0.034916) and the probability oft-statistics 0.001 >0.05 being significant, we reject the null hypothesis and conclude that Internet banking had significant Impact to the growth rate of the Nigeria economy. V. C onclusion and R ecommendation The internet banking in economic growth in Nigeria should recommend the improvement of technological base of the country and policy measure to encourage the efficient performance of the banking sector as well as regulation and control of the banking activities. E-banking is playing a major role that it’s improving the service quality and strengthen the banking sector because of the electronic payment, there is an increase in customer satisfaction level, increase in productivity, reduction in cost of banking operations, settlement faster and in large volume. R eferences R éférences R eferencias 1. Abaenewe, C., Ogbulu, M., &Ndugbu, O. (2013). Electronic banking and bank performance in Nigeria. West African Journal of Industrial and Academic Research, 6(1), 171-187. LOG (MB) Coeff = 0. 2499 T = (7.158155) Se = [0.034916] PVALUE = 0.0000<0.05 LOG (MB) Coeff = 0. 823344 t = (0.159879) Se = [0.15989] PVALUE = 0.001<0.05 LOG (MB) Coeff = 0. 173552 t = (0.048175) Se = [-3.602538] PVALUE = 0.002<0.05 An Empirical Investigation into the Impact of Electronic Banking on the Economic Growth of Nigeria 38 Global Journal of Management and Business Research Volume XXII Issue VII Version I Year 2022 ( ) A © 2022 Global Journals