Notes on Successful Banking Reform in Nigeria

Abstract

Nigeria has always had one reform or the other. These reforms were initiated in response to the desires of the “reformers” to improve a given situation and span such sectors as power, insurance, banking, agriculture, etc. In this note, the author articulated some of the reforms in the country’s banking sector and observed that they have been controversial leading in some occasions to policy summersaults. The notes are arranged to provide an introduction, a probe of key warning signs, the opening of the banking sector, creation of specialised banks and a review of the aftermath of the reforms.