Effect Of Bank Consolidation On Performance Of Small And Medium Scale Enterprises In Nigeria

The central tenet of banking sector consolidation was to develop a strong, reliable and diversified banking sector that is capable of playing effective developmental roles in the economy, such as funding of small and medium scale enterprises and becoming a competent and competitive player in the African regional and global financial system. In essence, the reform was expected to create big banks by increasing bank capital base through the capital market and/or mergers and acquisitions. The bank consolidation in Nigeria has generated raging debates on different frontiers such as; the effect of …