Abstract
This study examined the impact of treasury bills on economic growth in Nigeria. Its specific objectives were to examine the impact of treasury bills bought by Deposit Money Banks on Real Gross Domestic Product of Nigeria; and to assess the impact of treasury bills bought by Non-Bank public on Real Gross Domestic Product of Nigeria. The study used ex-post facto research design. Auto-regressive Distributed lag model was applied. It was found that treasury bills bought by Deposit Money Banks on had no significant impact on Real Gross Domestic Product of Nigeria. In addition, it was revealed that treasury bills bought by Non-Bank public had no significant impact on Real Gross Domestic Product of Nigeria. In line with the findings it was concluded that treasury bills had no significant impact on economic growth in Nigeria. Thereafter, it was recommended that the use of treasury bills should go towards enhancing investment potentials in the real sector of the Nigerian economy. This will strengthen the nation’s productive capacity to expedite the desired economic growth.
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