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  • Department: BANKING FINANCE
  • Chapters: 1-5
  • Pages: 50
  • Attributes: Questionnaire, Data Analysis, Abstract
  • Views: 787
  •  :: Methodology: Primary Research
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This research work was designed to examine  the extent to which government regulation (with particular attention of BOFID 1991) has enhanced the development of the banking industry/sector in Nigeria, especially towards a positive direction to ensure a healthy business operation of banking activities. The explorative research method was used for this study. Data was collected from journals, textbooks, conference papers and the internet. The findings revealed that the regulation by government (with specific attention of BOFID 1991) in the banking industry in Nigeria affects the operation of policies of the bank towards a positive direction. On the basis of these, the study recommends among others that corruption, fraud and inside abuses must be minimized in the banking industry for the country to derive the benefit government regulation in the development of banks. 



1.1   Background to the Study

As a result of the relative prominence accorded to the banking industry, no mention made of the economical development of any country (Nigeria not excepted) without reference to the banking sector, Thus, an attempt is made here (with respect to the principal purposes which this study is meant to serve) to bring to light a major determining factor (government regulation) worthy of consideration when a thought is given to the development of the banking industry.

Government regulation has helped tremendously to the development of the banking industry in Nigeria in the past decade to this present day, and it has also ensure towards building a good operational structure in the banking activities, especially as closely connected with the rate or degree of economic advancement of the country.

Moreover, in order to know how government regulation has enhanced the development of the banking sector, a brief highlight will be given to the Bank and other financial institution decree of 1991,among other regulations enacted by the government to control the banking system in the county. Therefore the main concern of this study will be based on the particular decree mentioned above.

1.2Statement of Problem

The fundamental purpose of this study is to show how government regulation has contributed towards the development of the banking industry within the context of the Nigeria economy. In other-words, the study strives to explore and analyze critically the structure of the Nigeria banking system and see how government regulation has enhanced development in the sector.

1.3Research Questions

For proper guidance and in-depth investigations of the research work, the researcher presented research questions which form major problems of the investigation these questions includes: