The Impact of Recapitalisation of the Banking Industry in Nigeria.

THE RECAPITALISATION/CONSOLIDATION OF THE BANKING INDUSTRY IN NIGERIA: A CRITICAL ASSESSMENT. DIRISU ODION O. M AUCHI POLYTECHNIC, AUCHI, bully of Japan STATE. ABSTRACT The current global pursuance for the strengthening of the banking transcription has propelled Nigerias polity shift to re crownize the capital base of banks in the country. The monger objective of this find out thus is to determine the impact of the twenty-five billion Naira recapitalization and consolidation policy of Banks on the Nigerian economy. The mind of the banking reforms in Nigeria in this study has revealed that inspite of attendant problems of management and mental ability building in mega banks, it has created a fundamentally strong banking line of business with a stronger capital structure and a reduced try profile. It has increased the payments system efficiency, created regional banks and reliability in valet de chambre-wide banking, among others. It is how ever been suggested that caution should be taken against alien conjunction and domination of self-will of banks in the process of recapitalization and consolidation. SECTION I 1.0INTRODUCTION Banking system, the world over, plays a fundamental role in growth and maturation of an economy.

The effectivity and efficiency in performing this role, patchicularly the intermediation amidst the surplus and deficit unit of the economy, depend for the most part on the level of development of the banking system. It is to ensure its soundness that the banking sphere of influence appears to be the most regulated and con trolled by the politics and its agencies.! Generally, the tier of development and, thus, the efficiency of the system varies among countries and changes overtime in the equal country. The more(prenominal) developed and sophisticated banking system is the more it tends to be associated with the mature economies, while under-developed banking systems feature in development economies. As a process, banking system adjusts to changes in the real economy...If you trust to get off a full essay, order it on our website: OrderCustomPaper.com

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