Apprasal of Investment Volume and Per Capita in Nigeria during Financial Reforms

Abstract

This study was carried out to evaluate the Impact of financial reforms on investment and per capita income in Nigeria. Specifically, the study sought to assess the performance of Nigerian Banks as influenced by changes in the economy as well as changes in other sectors of the financial system. In carrying out this research, secondary data were used while ex-post facto research design was employed. Following a forty year review of the performance of Nigeria's economy in tandem with the performance of Banks in the face of the ebbs and flows of the identified parameters. the study notes two eras of pre-reform (1970-1985) and the reformed (1995-2010) financial eras. Using both descriptive statistics and analytical methods, regression analyses were conducted and based on the results, it was discovered among other things that there was no significant difference in the growth and development of the economy vis-a-vis bank performance during the pre-reformed compared to the reformed financial era in Nigeria. To this end it was concluded that reforms so far implemented have not significantly move the economy foreword and consequently banks have not also performed as had been expected but rather the reforms have created avenues for executive fiat, corruption and embezzlement of public funds.