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.