ABSTRACT
This research is to critically evaluate the prospect of Nigerian banking reforms towards economic development. The reforms contribute in no small measure to the growth and development of Nigeria’s economy and this has propelled the researcher to embark on this research. The researcher divided the work into five chapters. In this research work the aims and objectives of the statement was highlighted the beneficiaries from this project the scope and problems encountered in the course of the research was also highlighted. The work of some other was reviewed, and method used in gathering the information for this research was also highlighted. The information gather so far was presented in and analyse in using statistical table and simple percentage for easy understanding. The hypothesis formulated was tested and the result proof that commercial banks play more than a significant role in economic development of Nigeria. The researcher also draw a summary, and also recommendations for further study
TABLE OF CONTENTS
CHAPTER ONE
1.1 Background of the study- - - - - - - 1
1.2 Statement of the Problem - - - - - - 2
1.3 Objectives of the study - - - - - 3
1.4 Research Hypothesis - - - - - - 3
1.5 Significance of the study - - - - - - 3
1.6 Scope and Limitation of the study - - - - 4
1.7 Definition of Terms - - - - - - -5
CHAPTER TWO- Literature Review
2.0 Introduction - - - - - - - - 7
2.1 Definition of Banking - - - - - - 7
2.2 Evolution of the Nigerian Banking Sector - - - 8
2.3 Brief History of banking consolidation on the Financial
Market and Economic Development - - - - 10
2.4 Review of trend of thoughts on banking reform - - 13
2.5 Characteristics of the Nigerian Banking Industry Before
The Consolidation Programme - - -- - - 15
2.6 Need for Consolidation - - - - - - 16
2.7 Banking Sector and the Economic - - - - 17
2.8 Factors that Militate Against the 2004 Banking reforms, 18
2.9 Possible way out of the Banking reform of 2004 - 20
2.10 Prospects Problems and Challenges of an efficient
Payments system in Nigeria - - - - - 21
2.11 The Impact of Nigerian banking Industrial on Economic
Growth and Development - - - - - 22
CHAPTER THREE- Research Methodology
3.0 Introduction - - - - - - - 25
3.1 Research Design - - - - - - - 25
3.2 Research Population - - - - - - - 26
3.3 Sample and Sampling Technique - - - - 26
3.4 Source of Data Collection - - - - - 26
3.5 Method of Data Collection - - - - - 27
3.6 Method of Data Analysis - - - - - 27
CHAPTER FOUR- Data Presentation and Analysis
4.0 Introduction - - - - - - - - 28
4.1 Analysis of Data and Interpretation - - - - 28
4.2 Test of Hypothesis - - - - - - - 35
4.3 Summary of Finding - - - - - - 38
CHAPTER FIVE: Summary, Conclusion and Recommendation
5.0 Introduction - - - - - - - 39
5.1 Summary - - - - - - - - - 39
5.2 Conclusion - - - - - - - - 40
5.3 Recommendations - - - - - - - 42
Bibliography - - - - - - 44
Appendix I - - - - - - - 45
CHAPTER ONE
It is incontrovertible that the banking system is the engine of growth in any economy, given its function of financial intermediation. Through this function, banks facilitate capital formation, lubricate the production engine turbines and promote economic growth. However, banks’ ability to engender economic growth and development depends on the health, soundness and stability of the system. The need for a strong, reliable and viable banking system is underscored by the fact that the industry is one of the few sectors in which the shareholders’ fund is only a small proportion of the liabilities of the enterprise. It is, therefore, not surprising that the banking industry is one of the most regulated sectors in any economy. It is against this background that the Central Bank of Nigeria, in the maiden address of its current Governor, Prof.
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