Constraints And Prospects Of Loan Recovery In Nigeria Commercial Banks A Study Of The First Bank Nigeria Plc, Ughelli

📄 Project Abstract

In Nigeria commercial banking dates back to 1894 when the bank of British West Africa (BBWA) was established, since then, the general concepts of the Nigeria commercial bank has changed and transformed in various degrees and dimensions, particularly, the growth in term of number has been quite phenomenon. For example, this development, it has increased to sixty - six (66) as at 31st December 1990 the number of commercial banks in the country. This was unexpected because various policies put in place so as to achieve a realistic and reliable exchange rate for Naira disrupted price levels. There was a multiplier and downstream effect which crystallized in an explosion of funding requirements in all economics endeavors. It was without doubt that the injection of fresh credit and increased key financial subsector are imperative for fuel realization of the economic reforms being pursued under the structural adjustment program (S.A.P) during the administration of the former head of state of...