Capital Accumulation and the Rate of Industrialization of Developing Countries

Factor inputs, total factor productivity, and economic growth: the asian case

This study investigates the efficiency of commercial
bank lending in Nigeria against the background of the generally
held a priori assumption that there is an important role for
these institutions in the process of economic development. As
the primary aim of the study is to identify and define approaches
for improving the lending function in Nigerian banks, it was
first necessary to examine various facets of this activity.
Thus an appraisal of the banks' lending record was undertaken.
Through a series of surveys the lending attitudes and practices
of the bankers were also investigated. To obtain an independent
but complementary view on these issues, an empirical study of
the perception of bankers and their lending services by their
customers was conducted. Finally a comparative study of loan
planning and control in U.K. and Nigerian banks was undertaken
in order to draw out possible lessons for Nigerian banking
practice.
These enquiries revealed important weaknesses in the loan
management of Nigerian banks. It appeared that their lending was
neither adequate nor appropriate. Loan planning and control were
also found to be either non-existent or deficient in the banks.
Building on these findings the next stage of this research
concentrates on measures that could be taken to improve bank
lending efficiency. To test the feasibility of the hypothesis
that Nigerian banks could be more efficient and yet remain safe
and profitable, a hypothetical 'efficient' bank was created and
simulated in both normal and crisis situations. The simulation
results confirmed this hypothesis.
It is concluded that there is a need for the
government to provide essential infra-structural support
to both lenders and borrowers. The research results also
point to the view that the banks should improve their
management practices particularly in the light of the
practices in other developed and developing countries.

Capital Accumulation and the Rate of Industrialization of Developing Countries

Citations

Factor inputs, total factor productivity, and economic growth: the asian case

Loan management in Nigerian banks : a study of the efficiency of commercial banks' lending function in a developing economy.

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