Development Finance Institutions in Nigeria: Structure, Roles and Assessment

A. Bolaji Adesoye and Akinwande Atanda

MPRA Paper from University Library of Munich, Germany

Abstract: The efficient channelling of funds and allocation of financial resources are roles expected to be undertaken in the financial system to facilitate productive growth in the real sector of the economy. There have been overlapping roles in the Nigerian financial system and this has resulted to inefficient intermediation and under-development of vibrant sectors of the economy. Thus, necessitated the emergence of development financial institutions to render services to the large un-catered economics agents (especially in the rural areas) by the universal banks. The institutions are expected to offer specialized and micro financial services, offer relative cheap and accessible financing options, provide long-term finance for infrastructure development, industrial growth, agriculture, small and medium enterprises (SME) development and provide financial products for certain sections of the people. However, this paper evaluates the roles and structure of the development financial institutions in Nigeria and also assesses their performance over time.

Keywords: Development Finance Institutions; Financial Institutions; Financial Intermediation; Real Sectors; Financial Services; Financial Products; Small and Medium Scale Enterprises; Nigeria (search for similar items in EconPapers)
JEL-codes: E0 E44 F33 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-afr and nep-mfd
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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