Thesis Abstract

Abstract
Bank failure is a critical issue that can have profound effects on the economy of a country. In the context of Nigeria, the impact of bank failures can be significant due to the central role that banks play in the financial system. This research project aims to explore the implications of bank failures on the Nigerian economy by examining the causes, consequences, and potential solutions to mitigate the effects of such failures. The study will investigate the root causes of bank failures in Nigeria, including factors such as poor risk management practices, regulatory weaknesses, macroeconomic instability, and fraud. By understanding these underlying causes, policymakers and regulators can implement targeted measures to prevent future bank failures and strengthen the resilience of the banking sector. Furthermore, the research will analyze the economic consequences of bank failures in Nigeria, including disruptions to credit availability, loss of depositor confidence, and negative impacts on overall economic growth. By quantifying these effects, the study aims to highlight the importance of maintaining a stable and robust banking system for sustainable economic development. In addition, the project will explore potential policy interventions to address the challenges posed by bank failures in Nigeria. This may include reforms to enhance regulatory oversight, improve risk management practices, and strengthen corporate governance within banks. By identifying effective policy measures, the research aims to provide practical recommendations for policymakers to safeguard the stability of the financial system and protect the economy from the adverse effects of bank failures. Overall, this research project seeks to contribute to the existing literature on the impact of bank failures on the Nigerian economy by providing a comprehensive analysis of the causes, consequences, and policy implications of such failures. By shedding light on this important issue, the study aims to inform policymakers, regulators, and other stakeholders on the steps needed to prevent and mitigate the effects of bank failures, ultimately promoting a more stable and resilient financial system in Nigeria.

Thesis Overview