Economics JAMB

One of the challenges facing the banking industry in Nigeria is?

A. ensuring technological security
B. providing employment
C. providing loans for investment
D. creating more money

Correct Answer:

Option C – providing loans for investment

Explanation

Some challenges faced by Nigerian banks:

  • Weak capital base.
  • Ethics and professionalism.
  • Poor corporate governance practices.
  • Reliance on public sector funds.
  • Slow GDP growth.
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