jollertexcomputer-Academy

Get Your Project Materials

IMPACT OF RECAPITALIZATION OF BANKING INDUSTRY ON ECONOMIC GROWTH OF NIGERIA

CHAPTER ONE

INTRODUCTION

Background of The Study

Globally, the activities of banks reflect their unique roles as the engine of growth in any economy. The role which comes from both banks and non-banks financial intermediaries and the regulatory framework in stimulating economic growth is widely recognized especially in developmental economics. Uboh (2005) set the pace for the landslide of other works on the interdependent and the relationship between banks and economic growth. Stressing further, the pioneering work of Guiley and Shaw (1956) on the relationship between real and financial developments shows that financial intermediaries, monetization and capital formation determine the path and pace of economic growth and development of any country. Nevertheless these pivotal roles have not been highly noticeable in Nigeria. The scenario arises as a result of poor performances of Nigeria commercial banks. According to Soludo (2004), “The Nigeria banking system today is fragile and marginal. The system faces enormous challenges which if not addressed urgently could snowball into a crisis in the near future”. Soludo identified the problems of the banks, especially those seen as feeble, as persistent liquidity, unprofitable operations and poor asset base. Imala (2005) posited that the objectives of banking system are to ensure pure stability and facilitate sustainable rapid economic development. Regrettably, these objectives have remained largely unattained in Nigeria as a result of some deficiencies in the banking system. This phenomenon has necessitated continuous financial sector eforms globally. In 1988, an international agreement among the banking authorities known as Basle agreement was reached. The main objective of this was to apply a common set of rules for capital adequacy in order to minimize the risk of bank failures. In compliance with the Basle agreement, the governor of Central Bank of Nigeria Professor Charles Soludo announced on July 6, 2004 that the banking sector should increase their capital base with about 100% (from initial capital base of ₦2 million to a whopping ₦25 billion).

Statement Of The Problem

The Nigerian banking system has undergone remarkable changes over the years, in terms of the number of institutions, ownership structure, as well as depth and breadth of operations. These changes have been influenced largely by the challenges posed by deregulation of the financial sector, globalization of operations, technological innovations and adoption of supervisory and prudential requirements that conform to international standards. As at the end of June 2004, there were 89 deposit banks operating in the country, comprising institutions of various sizes and degrees of soundness. Structurally, the sector is highly concentrated, as the ten largest banks account for about 50 percent of the industry’s total assets/liabilities. Most banks in Nigeria have a capitalisation of less than $10 million. Even the largest bank in Nigeria has a capital base of about US $240 million compared to US $526 million for the smallest bank in Malaysia. The small size of most of our banks, each with expensive headquarters, separate investment in software and hardware, heavy fixed costs and operating expenses, and with several branches in few commercial centres – lead to very high average cost for the industry. This in turn has implications for the cost of intermediation, the spread between deposit and lending rates, and puts undue pressures on banks to engage in sharp practices as means of survival.

How to get complete project materials


Step 1: make payment of N2,000 to the below bank details


NAME:                       TITUS AYANI SOLA
BANK:                       FIRST BANK PLC
ACCT NO:                  3111741042
ACCOUNT TYPE:       SAVINGS
AMOUNT:                  N2000

STEP 2: AFTER PAYMENT SEND THE PROJECT TOPIC AND YOUR EMAIL ADDRESS TO 08063666753

Updated: October 11, 2017 — 7:12 am

1,250 Comments

Add a Comment
  1. Great write-up, I¡¦m regular visitor of one¡¦s web site, maintain up the nice operate, and It’s going to be a regular visitor for a long time.

  2. Awesome write-up. I’m a regular visitor of your website and appreciate you taking the time to maintain the excellent site. I’ll be a regular visitor for a really long time.

  3. Usually I do not learn article on blogs, but I would like to say that this write-up very forced me to check out and do it! Your writing taste has been amazed me. Thank you, very great post.

  4. Hey There. I found your blog using msn. This is a really well written article. I will make sure to bookmark it and come back to read more of your useful information. Thanks for the post. I will definitely return.

  5. Hi there. I discovered your web site via Google while looking for a comparable topic, your website came up. It appears to be good. I’ve bookmarked it in my google bookmarks to come back then.

  6. Awesome post. I’m a regular visitor of your site and appreciate you taking the time to maintain the excellent site. I’ll be a frequent visitor for a really long time.

  7. Hi there. I found your website by means of Google at the same time as looking for a comparable matter, your site came up. It appears to be good. I’ve bookmarked it in my google bookmarks to come back then.

  8. My brother recommended I might like this website. He was totally right. This post actually made my day. You can not imagine just how much time I had spent for this information! Thanks!

  9. Thank you for sharing excellent informations. Your web site is so cool. I am impressed by the details that you have on this web site. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for more articles. You, my friend, ROCK! I found just the information I already searched everywhere and just couldn’t come across. What a great web-site.

  10. Great amazing things here. I¡¦m very glad to see your article. Thank you a lot and i am looking ahead to contact you. Will you please drop me a mail?

  11. Attractive section of content. I just stumbled upon your weblog and in accession capital to assert that I acquire actually enjoyed account your blog posts. Anyway I will be subscribing to your feeds and even I achievement you access consistently fast.

  12. When the mattress arrived, I unboxed it off the plastic and this instantaneously began materializing. I’ve possessed a handful of really great nights sleeping and also I’m delighted to claim this is actually a great mattress.

  13. Hello. impressive job. I did not expect this. This is a excellent story. Thanks!

  14. I¡¦ll immediately seize your rss as I can’t find your e-mail subscription hyperlink or newsletter service. Do you’ve any? Please permit me recognise so that I could subscribe. Thanks.

  15. Thanks , I have just been searching for information about this topic for a while and yours is the best I have discovered till now. But, what concerning the bottom line? Are you positive about the source?

  16. I am now not sure the place you are getting your info, but good topic. I needs to spend a while learning much more or figuring out more. Thanks for wonderful information I used to be on the lookout for this info for my mission.

  17. Hiya, I am really glad I have found this info. Nowadays bloggers publish just about gossip and internet stuff and this is actually irritating. A good site with exciting content, this is what I need. Thanks for making this website, and I’ll be visiting again. Do you do newsletters by email?

  18. Hiya, I’m really glad I’ve found this information. Today bloggers publish only about gossip and web stuff and this is actually frustrating. A good site with interesting content, this is what I need. Thanks for making this web site, and I will be visiting again. Do you do newsletters by email?

  19. Thanks so much for giving everyone remarkably memorable possiblity to check tips from this website. It is usually so superb and as well , stuffed with fun for me personally and my office colleagues to search your site not less than 3 times every week to learn the new items you will have. Not to mention, I’m so always motivated with the cool methods served by you. Some 3 facts in this article are in fact the most efficient we’ve ever had.

  20. Hey there. I discovered your blog by way of Google at the same time as looking for a related subject, your site got here up. It looks great. I have bookmarked it in my google bookmarks to visit then.

  21. Awesome post. I’m a regular visitor of your web site and appreciate you taking the time to maintain the excellent site. I’ll be a frequent visitor for a really long time.

  22. Hiya, I’m really glad I’ve found this information. Today bloggers publish just about gossip and internet stuff and this is really annoying. A good website with exciting content, that is what I need. Thank you for making this web site, and I’ll be visiting again. Do you do newsletters by email?

  23. Hiya, I am really glad I’ve found this info. Nowadays bloggers publish just about gossip and internet stuff and this is actually frustrating. A good blog with exciting content, this is what I need. Thanks for making this site, and I’ll be visiting again. Do you do newsletters by email?

  24. Awesome post. I am a normal visitor of your web site and appreciate you taking the time to maintain the nice site. I will be a frequent visitor for a long time.

  25. I would like to thank you for the efforts you’ve put in writing this blog. I am hoping the same high-grade site post from you in the upcoming also. In fact your creative writing abilities has encouraged me to get my own site now. Actually the blogging is spreading its wings rapidly. Your write up is a good example of it.

  26. I want to show my passion for your kind-heartedness in support of people who actually need help on this area. Your special commitment to getting the solution around became extremely productive and has regularly empowered somebody just like me to reach their ambitions. The insightful publication entails this much a person like me and a whole lot more to my office workers. Regards; from each one of us.

  27. Hiya, I am really glad I’ve found this info. Nowadays bloggers publish only about gossip and internet stuff and this is really irritating. A good blog with exciting content, that is what I need. Thanks for making this web-site, and I will be visiting again. Do you do newsletters by email?

  28. Hiya, I’m really glad I’ve found this information. Nowadays bloggers publish just about gossip and net stuff and this is really irritating. A good website with exciting content, this is what I need. Thanks for making this site, and I’ll be visiting again. Do you do newsletters by email?

  29. Awesome post. I am a normal visitor of your blog and appreciate you taking the time to maintain the nice site. I will be a frequent visitor for a really long time.

  30. Hi there. I discovered your web site via Google at the same time as looking for a similar matter, your web site got here up. It appears great. I have bookmarked it in my google bookmarks to visit then.

  31. Hiya, I’m really glad I’ve found this info. Nowadays bloggers publish only about gossip and internet stuff and this is really annoying. A good website with interesting content, this is what I need. Thank you for making this site, and I will be visiting again. Do you do newsletters by email?

  32. Hi there. I found your website via Google whilst searching for a related topic, your website got here up. It looks good. I’ve bookmarked it in my google bookmarks to come back then.

  33. Hiya, I’m really glad I have found this information. Nowadays bloggers publish just about gossip and internet stuff and this is really annoying. A good website with exciting content, that’s what I need. Thanks for making this site, and I’ll be visiting again. Do you do newsletters by email?

  34. You really make it appear really easy with your presentation however I to find this matter to be actually something which I believe I might never understand. It kind of feels too complex and very extensive for me. I’m looking ahead in your subsequent post, I will attempt to get the hang of it!

  35. I think other site proprietors should take this website as an model, very clean and great user genial style and design, as well as the content. You are an expert in this topic!

  36. I simply wanted to construct a brief note to be able to appreciate you for all of the nice secrets you are sharing at this website. My time-consuming internet search has finally been rewarded with reputable concept to share with my visitors. I ‘d point out that most of us website visitors actually are undeniably endowed to dwell in a fantastic network with very many special people with very beneficial secrets. I feel rather grateful to have used your webpage and look forward to so many more fabulous moments reading here. Thank you once more for all the details.

  37. Needed to send you the tiny note just to thank you very much once again relating to the stunning thoughts you have shown at this time. It was simply shockingly generous of people like you to offer publicly all that a number of people could possibly have made available for an ebook to help with making some bucks for their own end, most importantly given that you could have done it if you wanted. The suggestions additionally acted to become good way to be aware that other people online have the identical dreams similar to mine to know the truth a whole lot more on the topic of this matter. I’m sure there are many more pleasurable moments ahead for individuals that take a look at your blog.

  38. Hiya, I am really glad I have found this info. Nowadays bloggers publish just about gossip and web stuff and this is actually annoying. A good website with interesting content, this is what I need. Thank you for making this web site, and I’ll be visiting again. Do you do newsletters by email?

  39. Awesome post. I am a regular visitor of your blog and appreciate you taking the time to maintain the nice site. I’ll be a frequent visitor for a really long time.

  40. Great beat ! I wish to apprentice while you amend your web site, how could i subscribe for a blog web site? The account helped me a acceptable deal. I had been a little bit acquainted of this your broadcast provided bright clear idea

  41. Hello there. I discovered your site by means of Google whilst searching for a comparable subject, your web site got here up. It appears great. I have bookmarked it in my google bookmarks to visit then.

  42. I must express my admiration for your kindness in support of persons that really want guidance on this important topic. Your personal dedication to passing the message throughout had become really significant and have continually helped associates much like me to attain their endeavors. Your amazing important guide indicates so much a person like me and far more to my office workers. Many thanks; from everyone of us.

  43. Hello there. I discovered your site by the use of Google while searching for a comparable matter, your website got here up. It appears good. I’ve bookmarked it in my google bookmarks to come back then.

  44. Merely 4 superstars due to the fact that that appears like the pillow best on that holds a considerable amount of warmth in – ideally my aged mattress topper will remove that.

  45. Hiya, I am really glad I’ve found this information. Today bloggers publish only about gossip and net stuff and this is actually annoying. A good web site with exciting content, that’s what I need. Thanks for making this web site, and I will be visiting again. Do you do newsletters by email?

  46. Awesome write-up. I am a regular visitor of your website and appreciate you taking the time to maintain the nice site. I will be a frequent visitor for a long time.

  47. Hi there. I discovered your website by the use of Google whilst searching for a related topic, your website got here up. It seems good. I’ve bookmarked it in my google bookmarks to come back then.

  48. Hi there. I discovered your web site by means of Google while searching for a similar topic, your site got here up. It seems to be great. I have bookmarked it in my google bookmarks to visit then.

  49. Appreciating the time and energy you put into your website and detailed information you present. It’s awesome to come across a blog every once in a while that isn’t the same outdated rehashed material. Wonderful read! I’ve bookmarked your site and I’m including your RSS feeds to my Google account.

Leave a Reply

Your email address will not be published.

jollertexcomputer-Academy © 2018 Design By Prayertitus
DMCA (DISCLAIMER) | About Us | Contact Us | Payment Details
Translate »