Financial linkages in the Nigerian economy. An extended multisectoral model on the social accounting matrix

This study constructs a Social Accounting Matrix for Nigeria for the year 2010. An extended multisectoral model is calibrated to analyze the backward (power) and forward (sensitivity) dispersion to identify the key industries of the economy with their importance vis-a-vis to other industries of the economy. The study identifies financial services as one of the key industries of the Nigerian economy which highlights its greater importance and its role in boosting the economic growth. Several policy options may be simulated to investigate the spillover effects in the whole economy.