The reform–underdevelopmentalism nexus in a dependent state

A case study of the Nigerian banking sector reforms

Bibliographic Data

ID11905554
AuthorsSylvanus I Ebohon (University of Benin, corresponding author)
Year2015
Volume42
Issue144
Publication date2015-04-03
Open AccessYes
TypeARTICLE
VenueReview of African Political Economy (JOURNAL)
Journal identifiersISSN: 0305-6244 • E-ISSN: 1740-1720
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/03056244.2015.1020940
OpenAlexW2069236541
LanguageEN
References cited17

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

Business · Capital (architecture · Commission · Economic system · Economics · Financial system · Geography · Margin (machine learning · Metropolitan area · Nexus (standard · Profitability index · State (computer science · Banking stability, regulation, efficiency · Economic Growth and Development · Islamic Finance and Banking Studies · Finance

Tools

Open DOISci-HubOpen Access