Adesoye, A. Bolaji and Atanda, Akinwande Abdulmaliq (2012): Development Finance Institutions in Nigeria: Structure, Roles and Assessment.
Download (98kB) | Preview
The efficient channelling of funds and allocation of financial resources are roles expected to be undertaken in the financial system to facilitate productive growth in the real sector of the economy. There have been overlapping roles in the Nigerian financial system and this has resulted to inefficient intermediation and under-development of vibrant sectors of the economy. Thus, necessitated the emergence of development financial institutions to render services to the large un-catered economics agents (especially in the rural areas) by the universal banks. The institutions are expected to offer specialized and micro financial services, offer relative cheap and accessible financing options, provide long-term finance for infrastructure development, industrial growth, agriculture, small and medium enterprises (SME) development and provide financial products for certain sections of the people. However, this paper evaluates the roles and structure of the development financial institutions in Nigeria and also assesses their performance over time.
|Item Type:||MPRA Paper|
|Original Title:||Development Finance Institutions in Nigeria: Structure, Roles and Assessment|
|Keywords:||Development Finance Institutions, Financial Institutions, Financial Intermediation, Real Sectors, Financial Services, Financial Products, Small and Medium Scale Enterprises, Nigeria|
|Subjects:||E - Macroeconomics and Monetary Economics > E0 - General
E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E44 - Financial Markets and the Macroeconomy
F - International Economics > F3 - International Finance > F33 - International Monetary Arrangements and Institutions
|Depositing User:||Akinwande Atanda|
|Date Deposited:||10. Jan 2012 09:26|
|Last Modified:||12. Feb 2013 03:05|
Afangideh, Udoma J. (2007). Financial Development and agricultural Investment in Nigeria: Historical Simulation Approach. Journal of Economic and Monetary Integration, Vol.9, No.1.
Anyanwu, C. M. (2004). Microfiance Institutions in Nigeria: Policy, Practise and Potentials. Paper presented at the G24 Workshop on “Constraints to Growth in Sub Saharan Africa,” Pretoria, South Africa, November 29-30, 2004
Association of African Development Finance Institutions (AADFI). http://www.aadfi.org/eng.htm
Association of Nigerian Development Finance Institutions (ANDFI) http://andfi-ng.org/
Central Bank of Nigeria (1993). CBN Annual Report and Statement of Account.
Central Bank of Nigeria (2000). CBN Annual Report and Statement of Account.
DFI Forum (2004). Capital Plus: The challenges of development in development finance institutions. A practitioner perspective. A publication of the Development Finance Forum (DFIF).
Nzotta, S. M (2004). Money, Banking and Finance: Theory and Practice. Owerri. Hudson Jude Publishers.
Olofin, S. and Afangideh, Udoma J. (2008). Financial Structure and Economic Growth in Nigeria, Nigerian Journal of Securities and Finance Vol. 13 No. 1 Pp 47-68.
Scharf and Shetty (1972), Dictionary of Development Banking, Elsevier Publishing Company, New York).