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Industrial Development Banking in Nigeria: A Forty Year Failed Experiment

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  • Abel Ezeoha

Abstract

The first industrial development bank in Nigeria was established in 1964 as part of the First National Development Plan. Its original mandate was to provide medium‐ and long‐term finance to privately owned enterprises in Nigeria. Forty years after its establishment (1964–2004) funding still remains the major obstacle to industrial development in Nigeria. This paper argues that the major problem for the bank was the government’s inability to separate the affairs of the bank from politics.

Suggested Citation

  • Abel Ezeoha, 2007. "Industrial Development Banking in Nigeria: A Forty Year Failed Experiment," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 10(3), pages 193-208.
    • Handle: RePEc:taf:jecprf:v:10:y:2007:i:3:p:193-208
    DOI: 10.1080/17487870701444731
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    References listed on IDEAS

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    1. Manuel Albaladejo, "undated". "Industrial Realities in Nigeria: From Bad to Worse," QEH Working Papers qehwps101, Queen Elizabeth House, University of Oxford.
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    Cited by:

    1. Beichen HUANG & Tianyang XI & Jiajun XU, 2020. "Contrôles et équilibres, leadership politique et autonomie bureaucratique : Constats au sujet des banques nationales de développement," Working Paper 6fb72d50-b8e9-40a3-9021-8, Agence française de développement.
    2. Beichen HUANG & Tianyang XI & Jiajun XU, 2020. "Checks and balance, Political Leadership, and Bureaucratic Autonomy: Evidence from National Development Banks," Working Paper 6fb72d50-b8e9-40a3-9021-8, Agence française de développement.

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    2. Abel E. Ezeoha, 2007. "Industrial Development Banking in Nigeria: A Forty Year Failed Experiment," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 10(3), pages 193-208.

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