An overview of the current banking sector reforms and the real sector of the Nigerian economy

Abstract

This paper seeks to examine the developments in the banking industry and the real sector of the Nigerian economy since the fourth phase of the reforms which began in 2004. Specifically, the paper reviews the reform programmes and how they have impacted on the flow of credit to the real sector. With the realization that the sector is facing challenges well beyond the realm of finance, other constraints would be identified and, thereafter, policy interventions recommended with a view to making the banking sector reforms more effective.