THE IMPACT OF RESTRUCTURING EXERCISE IN THE DEVELOPMENT OF BANKING INDUSTRY IN NIGERIAN ECONOMY

Abstract

This study examines the impact of re-structuring exercise in the development of the banking industry in Nigerian economy. The views of seventy-five employees in 24 banks in 2010 were sought from the respective branches. The instruments used to gather information for this study includes questionnaires and interview. Two different statistical methods were employed to analyze data for the study; the tools are simple percentage and chi-square (X2 ). The study found that the recent banking re-structuring exercise has created an efficient services performance to this bank and its staff as well; the bank is more transparent and accountability in its services. The study therefore concluded that the restructuring policy had increased the capital base of this bank tremendously and also allows sound banking industry system in the Nigerian economy.