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Abstract

Contribution/Originality: Having subjected our data set to rigorous analysis, it is established within the context of this study that sectoral allocation of deposit money banks loan and advances to small and medium scale enterprises has significantly contributed to economic growth such that poverty trend is being reduce to the tune of 1.82135 unit all things being equal. Further, deposit money bank allocation to the manufacturing sector does not seem to be significant in boosting economic output, as such poverty trends remain unchanged.