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EFFECTS OF BANK CRISIS ON THE NIGERIAN ECONOMY

ABSTRACT
This study was a historical and analytical survey of the effects of
Bank crisis in Nigeria. The research coverage comprised banks
operating in Nigeria between 1991 and 2000. Data used in the
study were all observational panel data obtained from the
published accounts of the elements of the research population. A
total of 113 complete bank observations were utilized in the
study. The researcher visited the Nigerian Deposit Insurance
Corporation (NDIC), the Central Bank of Nigeria (CBN), the
Chartered Institute of Bankers of Nigeria (CIBN) and the
Financial Institutions Training Centre (FITC) to obtain the data
utilized in the study. The relationships outlined by the data set
were analyzed via multiple regression tests. All the data for the
purpose of the study were manually computed and then calibrated
into the SPSS regression module for extensive statistical
analysis. The results indicated that:


i. Bad debts do not have a significant positive impact on the
Nigerian Economy.
ii. Bank capital size has a significant positive impact of bank
crisis on the Nigerian Economy.
This project also examined the causes of recurrent banking crisis in Nigeria
and the critical role banks play in the economic development process. It
observes that the causes of banking crisis in Nigeria are complex and
multidimensional and concludes that there is need to put in place suitable
and holistic paradigm to address these fundamental issues wholesomely
permanently to stem-tide financial crisis and ensure systemic stability

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