The reform-underdevelopmentalism nexus in a dependent state: a case study of the Nigerian banking sector reforms

Sylvanus I. Ebohon

Review of African Political Economy, 2015, vol. 42, issue 144, 262-278

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.

Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/03056244.2015.1020940 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:revape:v:42:y:2015:i:144:p:262-278

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CREA20

DOI: 10.1080/03056244.2015.1020940

Access Statistics for this article

Review of African Political Economy is currently edited by Graham Harrison, Branwen Gruffydd Jones, Claire Mercer, Nicolas Pons-Vignon, Aurelia Segatti and Ray Bush

More articles in Review of African Political Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().