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E-Banking Reform and National Development in Nigeria

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E-Banking Reform and National Development in Nigeria

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Abstract

Until a decade or so ago, the banking industry in Nigeria had many kind of bank related problems. It was in realization of overcoming such problem that the Central Bank of Nigeria 2002 embarked on Bank’s Consolidation and strengthening through financial reforms. Among the reforms is e-banking. This paper discusses the concept of e-banking, e- banking reform, the effects of e-banking reform on bank operation and management. It also examined the effect of e- banking reform on national development. Recommendations on how to instill good banking ethics in Nigeria such as, avoidance 0f break down in service delivery, the reliability test on both software and hardware should be constantly carried out. Also, activities of hackers and crackers must be nipped in the bud to avoid damage by installing appropriate “firewalls” that will guarantee access by only the authorized users and others.

References

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Cletus Usman Idoko, Ibrahim Yusufu, Bala Pius Daniel. 2015. "E-Banking Reform and National Development in Nigeria". Global Journal of Human-Social Science - E: Economics GJHSS-E Volume 15 (GJHSS Volume 15 Issue 14 (E2)).

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Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

Keywords
Classification
GJHSS-E Classification FOR Code: 150299
Version of record
v1.2

Issue date
March 23, 2015

Language
English
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E-Banking Reform and National Development in Nigeria

Cletus Idoko
Cletus Idoko