Matthew Kromtit

Room 304, Adam Smith Building, University Of Glasgow, UK

Personal Web:


Research title: Financial Development, Growth Strategies and Structural Transformation

Research Summary

First, I find investigating whether banking sector development could impact on industrial strategy in developing countries – where their financial systems are predominantly bank-based (operating in a financially liberalized environment) crucial.

Next, I consider isolating the role of state intervention and financial liberalization in the economic diversification and industrial upgrading of resource-rich developing countries. In addition, the study seeks to examine the role of Global Value Chains in economic diversification and structural transformation of financially liberalized systems.

The findings could help inform development policy in developing countries if they must catch up with their developed counterparts.


Njiforti, P.P; Adama, J; and Kromtit, M. J (2008): Financial Deepening and Economic Growth in Nigeria. Economic Update-Journal of Contemporary Policy Issues. Department of Economics, Ahmadu Bello University, Zaria-Nigeria. 1(1): 259-287.

Kromtit, M.J (2012): Capital Market Deepening and Economic Growth in Nigeria. International Journal of Continuing Education. Centre for Continuing Education, University of Jos, Jos-Nigeria. 5(1): 89-101

Gushibet, S.T and Kromtit, M.J (2013). Embracing Small and Medium Enterprises as Poverty Reduction Strategy for Nigerian Youths. International Journal of Advanced Research in Social Engineering and Development Strategies, 1(2): 18-30.

Akims, K. A and Kromtit, M. J (2013). Development Planning in Developing Countries: The Missing Link in the Nigerian Experience. Journal of Social Sciences and Public Policy, 5(1): 135-146

Baba, S; Dickson, V and Kromtit, M. J (2014). Entrepreneurship and Employment Generation in Nigeria: A Case Study of National Directorate of Employment (N.D.E). Journal of Social Sciences and Public Policy, 6(2):40-58

Kromtit, M. J and Tsenkwo, J. B (2014). Recent Trend of Financial Deepening and Economic Growth: Empirical Evidence from Nigeria’s Data. Journal of International Scientific publications, 8: 1204-1219,

Kromtit, M. J (2015). Monetary Policy and Inflation in Developing Economies: Evidence from Nigeria’s Data. Proceedings of 4th European Business Research Conference 9 - 10 April 2015, Imperial College, London, UK, ISBN: 978-1-922069-72-6,

Onuoha, O.J; Kromtit, M.J and Abimiku, A.C (2015). Agriculture-poverty nexus in Nigeria, Journal of Economic and Financial Issues, Department of Economics University of Jos, 3(1): 115-127

Kromtit, M . J and Umejiaku, R.I (2016). Implications of Money Market Deepening for Financial Inclusion in Nigeria, Journal of Business and Economics, Academic Star Publishing Company, USA, 7(3): 518-525

Kromtit, M. J and Gukat, B. T. (2016). Non-oil Sector and Sustainable Development in Nigeria (1986-2015), Jos Journal of Economics

Kromtit, M. J., Charles, K, Ndangra, D. P and Lado, S (2017). Contribution of Non-oil Sector to Economic Growth in Nigeria (1985-2016), International Journal of Economics and Finance, Canada,

Dabwor, T. D, Kromtit, M. J and Emelda, U. I (2017). The Effect of Small and Medium Enterprises on Economic Development in Nigeria, Police Academy International Journal of Economics and Management Science, 3(1), 96-117, Kano-Nigeria

Kromtit, M. J, Goshit, G. G, and Adakai, F. A (2017). Fiscal Federalism and Unemployment Reduction in Democratic Economies: Evidence from Nigeria (1999-2015), Journal of Social Sciences and Public Policy, 9(3)

Goshit, G. G., Dabwor, T. D. and Kromtit, M. J. (2018). Monetary Policy and Manufacturing Sector Output in Nigeria: An Empirical Investigation, Benue Journal of Social Sciences, 5(2):19-35


Tertiary Education Trust Fund, Nigeria


International Conference on Policy Review and Development Strategies, 2nd-3rd May 2013; International Institute for Policy Review and Development Strategies, University of Nigeria Nsukka

2nd Annual International Social and Management Sciences Conference, 25th-27th March 2013; Faculty of Social and Management Sciences, Kaduna State University, Nigeria

International Conference-Economy and Business, 1st-5th September 2014; International Scientific Events, Science and Education Foundation, Bulgaria

4th European Business Research Conference, 9th-10th April 2015; World Business Institute, Imperial College London, UK


Jan 2019 – August 2020, Graduate Teaching Assistant
University of Glasgow, Adam Smith Business School
Glasgow, United Kingdom

Courses handled include economics fundamentals and financial markets, macroeconomics as well as money, finance, and growth