The banking sector was at the height of uncertainties, with high dose of non-performing loans; riddled with challenges of meeting the foreign obligations; reeling in pains from a stripped status of public sector banking; and sudden rush for competitive retail banking proposition as an alternative to public sector banking. A renowned economist, Adedoyin Salami, who cited the Banking System Stability Review, noted that the banking sector is struggling to cope with the consequences of a fragile economy. Sustaining Momentum in 2018Nonetheless, 2018 may pose less friction for the small business segment, which are generally known to be the hub of economic growth, if promises by the banking sector are delivered and expectations from the fiscal authority crystallise. Barring all unintended circumstances, the disbursement of this fund is expected to have taken off since January 1, 2018. Sustaining the rebounding economy and growth will depend on the faithful implementations of the projections.

Source: The Guardian January 04, 2018 04:30 UTC