THE IMPACT OF DEREGULATION POLICY ON THE NIGERIAN FINANCIAL SYSTEM
THE IMPACT OF DEREGULATION POLICY ON THE NIGERIAN FINANCIAL SYSTEM
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Date
1998-09
Authors
ABUBAKAR, MUSA OTHMAN
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Abstract
The introduction of Structural Adjustment Programme (SAP) with its instruments of
implementation have brought about radical transformation of the Nigerian economy. These
tools of SAP, aimed at correcting the imbalance inheren; in the economic system have had
a profound influence on the manner and ability with which the banks carryout their
activities.
The guided deregulation policy so far has had the effect of increasing tremendously
the level and scope of activities of the Nigerian banks such that their asset base, earnings
and profitability have shown remarkable increase since inception of SAP in 1986.
A number of factors have in cumulative and progressive fashion produced the trend
toward-deregulation in the financial service industry and n the banking sector in particular.
It was discovered that many of the regulations put in place to curb excessive competition
have rather produced costly inefficiencies in the provision of financial services and reduced
consumer choice.
The financial system have been going through the greatest expansion since the mideighties
as evidence by the increase in the number of banks during the era of deregulation
to more than twice their number prior of deregulation.
There has in addition, been a significant improvement in the efficiency of banking
services as a result of increase in the use of computer technology, product innovations and
competiveness of the banking industry.
The era of deregulation has therefore ushered in more opportunities and new roles
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for the banks to play through which they are expected eventually to contribute greatly
toward the growth and restructuring of the Nigerian economy.
Description
A PROJECT SUBMITTED TO THE POSTGRADUATE SCHOOL, AHMADU
BELLO UNIVERSITY, ZARIA, IN PARTIAL FULFILLMENT OF THE REQUIREMENTS
FOR THE AWARD OF THE DEGREE OF MASTER IN BUSINESS
ADMINISTRATION
DEPARTMENT OF BUSINESS ADMINISTRATION
FACULTY OF ADMINISTRATION
AHMADU BELLO UNIVERSITY
ZARIA-NIGERIA
Keywords
IMPACT,, DEREGULATION POLICY,, NIGERIAN FINANCIAL SYSTEM.