Banking And Financial Deregulation In A Developing Economy

📄 Project Abstract

The Financial Institution in general and banking syetew in particular have always been Important in any economy. Banks generally serve as intermediary between the savers and investors in channelling fund, In order to f a c i l i t a t e business transactions and economic development. The Government directs and regulates the a c t i v i t i e s of the banks since the establishment of the Central Bank of Nigeria (CBN) in 1959. The regulations becomes necessary to ensure the continued soundness of the system and thereby minimising the risk of bank failures. Also to ensure that banks products are available to various sectors of the economy and to minimise misuse or fraud that could have serious impact on the public confidence and hence on the economy. Inspite of the excessive regulations and control the Nigerian Economy s t i l l depressed. To the extent that people begin to wonder if the excessive regulations and control could revive a depressed economy, this could have happened in the pe...