MONEY LAUNDRY: AN EMPIRICAL STUDY OF GROSS FIXED CAPITAL FORMATION AND GROSS DOMESTIC PRODUCT IN NIGERIA
Keywords:money laundry, Gross fixed capital formation, Gross domestic product
The study ascertained the extent to which gross fixed capital formation affect the growth of the Nigerian economy. The study employed Ex-Post Facto research design, which is a very important in determining the relationship between variables. Data for this study encompasses the period from 2012 to 2021 and obtained from the Central Bank of Nigeria (CBN) Statistical Bulletin. Ordinary Least Squares regression technique was adopted to test the hypothesis. The study found that gross fixed capital formation has no significant effect on gross domestic product.