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BANK FAILURE AND ECONOMIC DEVELOPMENT
IN NIGERIA A CRITICAL APPRAISAL
ABSTRACT
Banks occupy
the most strategic point in the financial system of the economy. For a total of banks to between 1992 to 2002
a space of four years, means that somethings definitely is wrong.
Certain question have been
asked. Solutions proffered and prospects
for the future explained but none of them seems to have solved the problem.
This study is not antagonistic of any
other rather it is complementary. Others works have been used here and duly
acknowledged but everything is with an intent to find a lasting solution to the
issue of bank failure. The study was based
upon data collected through information sifted from books, journals annuals,
periodicals. In conclusion it will be
quite expedient to point out that the Nigerian economy is still under developed
one and will take the astuteness of every singler Nigeria to get it out of the
doldrums.
It is only when the economy become stable
that we shall have a very stable banking environment where failures might not
be entirely absent but reduced to rate.
The task is not only for the authorities. Every one has as a role to play.
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