Bank Reform And Economic Growth In Nigeria
DOI:
https://doi.org/10.31686/ijier.vol3.iss5.360Keywords:
Bank reform, economic growth, Regression, Private sector, domestic productAbstract
This paper examines bank sector reform and its effect on economic growth in Nigeria. The author ex-rays recent bank reform measures by the monetary authority, central Bank of Nigeria Annual report and National Bureau of statistics. The use of regression analysis was engaged on to determine the relationship between gross domestic product and Bank reform and the findings reveals that Bank reform improves economic growth in Nigeria. He further recommended that credit to private sector should be mentored for proper implementation.
References
Adams J.A (2005) "Banking Sector Reforms: The policy Challenges of Bank Consolidation in Nigeria. A paper presented at the 46th Nigerian Economic Society (NES) Annual Conferences Lagos 23rd-25th August. Adyemi K.S (2009) Banking Sector Consolidation in Nigeria: Issues and Challenges, www.businessayeNiqeria.com
Akintola B (2012) CBN and its Nostalgic Foray of Reforms
www.businessaveniqeria.com
Balogun .E.D (2007) a Review of Soludo's Perspective of Banking Sector Reforms in Nigeria, University of Lagos, Nigeria. Bank and other Financial Institution Act (BOFIA)No 25 of 1991 Central Bank of Nigeria Act, No 24 1991. Beck. I, Cull R, and Jerome A (2005) Bank Privatization and Performance: Empirical Evidence from Nigeria, Journal of Banking and Finance, Servier, vol. 29 http://center.kuls.nl/staff/beck/publications/market/performanceNigeria.pdf CBN Publication and Statistics (2010). Central Bank of Nigeria Act, 1958, 1969,1988, 1991. Ebhodaghe J.U (1997) Deposit Insurance: The Nigerian Experience and Future Perspective. Paper presented at seminar on issues in central Banking and Bank Distress in sub Saharan African Countries, at CBN Training Centre Lagos. Fadare S.O 920100 Recent Banking Sector Reforms and Economic Growth in Nigeria research Candidate, Department of Economics, Middlesex University, London Iganiga B.O (2010) Evaluation of the Nigerian Financial Sector Reform Using Behavioural models, J. Economics, 65-75. Mbaeri C.C (2013) Fundamentals of Money and Banking, Mega Atlas ProjectLtd Owerri. Oboh G.A.B (2005) Selected Essay on Contemporary Issues in the Nigeria Banking System Ibadan University Press PLC. Sanusi L.S (2010) Global Financial Meltdown and the Reforms in the Nigerian Banking Industry, Public Lecture delivered at the Convocation square, Abubakar Tafawa University Bauchi.
Uzoaga W.O (1981) Money and Banking in Nigeria, Fourth dimension
Publisher, Enugu.
AUTHORS PROFILE.
MBAERI C.C.
Mbaeri C.C is a senior lecturer in the Department of Banking and Finance, Imo State Polytechnic Umuagw,Imo State, Nigeria. He holds B.SC. in Banking and Finance,M.SC. Financial management technology.
ADIOHA NDUBUISI F.
Adioha N.F is a lecturer in the Department of Accountancy and also the Dean of the School of Management Technology Imo State Polytechnic Umuagwu, Imo State, Nigeria. He holds the following degrees: HND, PGD, MBA (ACCOUNTING) ACA, ACTI.
UZOKWE NNAMDI J.
Uzokwe N. J. is lecturer in the Department of Banking and Finance, Imo State Polytechnic Umuagwo, Imo State, Nigeria. He holds B.SC. In Economics, M.SC Economics and PGD Education
Downloads
Published
Issue
Section
License
Copyright (c) 2015 Mbaeri C.C, ADIOHA N.F, UZOKWE NNAMDI J.
This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.
Copyrights for articles published in IJIER journals are retained by the authors, with first publication rights granted to the journal. The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author for more visit Copyright & License.
How to Cite
