REFORMING NIGERIA'S BANKING SECTOR

04/10/2013 12:48

 

Confidence has now returned to Nigeria's Banking Sector
 

  • All 24 banks are now fully stable and capitalized
  • Non-Performing Loans have now fallen to about 5% but this has not stimulated lending even at affordable interest rates, so the government has decided
  • We have discovered there still isn’t enough lending is going on at affordable interest rates so the government has decided to:
    • Restructuring existing *direct foreign investments (DFI) to get in private sector capital.
    • Creating a new wholesale DFI for 10-15 year money at affordable rates.

* Foreign direct investment (FDI) is a direct investment into production or business in a country by an individual or company in another country, either by buying a company in the target country or by expanding operations of an existing business in that country.

 

 

 

 

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