THE ROLE OF COMMERCIAL BANKS IN THE ECONOMIC DEVELOPMENT OF NIGERIA
CHAPTER ONE
1.0 INTRODUCTION
The aim of every government is to provide its people with basic services, leadership and protect the entire people interest within its power, for a government to do this, it must have a sound and adequate financial planning to make it possible to cater for the people need
To a large extent, any government which comes into power has to depend on banks and other financial institution for keeping of some of its development project also, the government agencies and general pubic depends largely on loan from the banks to carry out their day to day business affairs.
Generally, the main aim of every bank is to minimize the last to running affairs of the bank and at the same time maximizes owner’s profit. Some bank like the Central Bank of Nigeria (CBN) and development banks, the farmers have the main aim of correcting the economy while the later one established purposely to develop some sector of the economy.
Note: Eg. Industry, agriculture etc. This bank despite the fact that they make profit, they are not profit oriented.
Therefore, this research is based on the role played by commercial banks to the Nigeria economy with particular interest.
1.1Â STATEMENT OF GENERAL PROBLEM
The present improvement in the banking industry may not wholly attributed to the rapid increase in the number of banks but is the rapid growth of our economy that brought about by the structural adjustment programme (SAP)
Though banking industry plays an important role in the economy of any nation and there is no doubt, it is an indispensable role to the Nigeria economy.
With these, this not to say that they do not have lapses.  Among the factors that leads to the inefficiency in the banking industry are: –
- FINANCIAL DISTRESS
Financial distress in the Nigeria financial system is a problem that has of recent, assume an intractable dimension.
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THE ROLE OF COMMERCIAL BANKS IN THE ECONOMIC DEVELOPMENT OF NIGERIA
