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
1999
Authors
BELLO, MOHAMMED MUKTAR
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Abstract
The introduction of Structural Adjustment Programme (SAP) with its
instruments of implementation have brought radical transformation of the Nigerian
economy. These tools of SAP, aimed at correcting the imbalance inherent in the
economic system have had a profound influence on the manner and ability with
which the banks cany out 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 in 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 mid-eighties as evidenced by the increase in the number of banks during the era
of deregulation to more than twice their number prior to 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 competitiveness of the banking industry.
The era of deregulation has therefore ushered in more opportunities and
new roles 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 REQUIREMENT FOR THE AWARD OF
THE MASTER OF BUSINESS ADMINISTRATION (M.B A )
DEGREE
DEPARTMENT OF BUSINESS ADMINISTRATION
FACULTY OF ADMINISTRATION
AHMADU BELLO UNIVERSITY
ZARIA.
1999
Keywords
IMPACT,, DEREGULATION POLICY,, NIGERIAN,, FINANCIAL SYSTEM.