The Nigerian Banking Sector Reforms: Power and Politics Seth Apati

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Published: December 13th 2011

Kindle Edition

224 pages


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The Nigerian Banking Sector Reforms: Power and Politics  by  Seth Apati

The Nigerian Banking Sector Reforms: Power and Politics by Seth Apati
December 13th 2011 | Kindle Edition | PDF, EPUB, FB2, DjVu, audiobook, mp3, ZIP | 224 pages | ISBN: | 3.61 Mb

With over $400 billion looted from the porous banking sector of Africas oil-rich giant, Nigeria, banking sectorreform is a key priority for the Central Bank and the newly-elected civilian regime, to attract foreign investors.However, severalMoreWith over $400 billion looted from the porous banking sector of Africas oil-rich giant, Nigeria, banking sectorreform is a key priority for the Central Bank and the newly-elected civilian regime, to attract foreign investors.However, several vested institutional and political interests make the reforms a herculean and near impossible task.After a hastily-designed economic policy and a banking industry consolidation which reduced the number of banks from 89 to 25 in 2 years, the regulators discovered that the quest for size reduction had created more problems for the banks.

Was the consolidation successful? Did it impact positivelyon Nigerias economic reform programme? And how did the US, the IMF and the World Bank contribute to the outcome?This book presents an almost minute-by-minute chronicle of the politics and intrigues, from a key boardroom participant who was actively involved in the restructuring of the Nigerian banking industry. It examines the corruption, regulatory challenge, and financial sector reforms in the worlds largest black economy.Giving avivid account of how the banking sector in Nigeria prospered at the expense of the overall economy, the book traces the origins of the Nigerian banking reform, the dynamics of its banking sector, and future outlook of this emerging market - a country that aims to be one of the 20th largest economies in the world by 2020.



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