Our Programmes



Sign up to our newsletter.

Follow ODI

Financial Regulation in Low-Income Countries: Balancing Inclusive Growth with Financial Stability. The Nigeria Case

Working papers

Working papers

​The effects of the existing regulations on the structure of the banking sector which dominates the Nigerian financial system are regarded as very germane to present and future stability of the financial system which itself is necessary for achieving financial inclusion and inclusive economic growth. Quantitative and qualitative analyses of the financial market activities showed that the raison détre for 2004 consolidation and the 2009 post-consolidation reforms were hinged on instability in the banking sector due to critical gaps in regulatory framework and regulations, inadequate supervision and enforcement of regulations, and, instability caused by capital flows.

Olu Ajakaiye and Sheriffdeen Tella