One of the challenges facing the banking industry in Nigeria is
ECONOMICS
JAMB 2014
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: 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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