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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:The reform-underdevelopmentalism nexus in a dependent state: a case study of the Nigerian banking sector reforms
Author:Ebohon, Sylvanus I.
Year:2015
Periodical:Review of African Political Economy (ISSN 0305-6244)
Volume:42
Issue:144
Pages:262-278
Language:English
Geographic term:Nigeria
Subjects:banks
banking
reform
Link:https://doi.org/10.1080/03056244.2015.1020940
Abstract:This paper attempts to capture the link between reform and development of the Nigerian banking sector. As a single-resource economy, Nigeria's development is embedded in a dependence framework in which commission forms the basis of primitive accumulation. The analysis, which is based on empirical evidence from primary and secondary sources, shows capital flight, toxic assets, abnormal profitability and margin banking in the Nigerian reform. It argues that within the framework of dependence reformism tied to metropolitan technology, reforms cannot produce mega banks. Backward integration offers Nigeria the hope for transiting from economically underdeveloped south to economically developed north. Bibliogr., notes, ref., sum. in English and French. [Journal abstract]
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