6.1 challenges influencing the profitability, growth and sustainability

6.1    Introduction

 

This
chapter restates and reaffirms the research questions of interest in this study
and thus provides the finale of the findings of this study. It is divided into
four major sections namely conclusion, recommendations made from the study,
implications of the findings of the study and the suggestion for further
studies.

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6.2    Conclusion

 

From
the findings of this study, the problems and challenges influencing the
profitability, growth and sustainability of the Nigerian banking industry are
elastic, and various strategies have been deployed to cushion the effect of
these problems and challenges however to no effect. Nevertheless, the Nigeria
banking sector has a wider prospect to be better if these threats are tackled.

6.3Implications of the study

 

The study has identified the threats
affecting the profitability, growth and sustainability of the Nigerian banking
industry in the last five years. The study further revealed the strategies that
have been deployed to cushion the effects of these threats on the banking
sector, but to no avail. Nevertheless, the findings of this study show that
there are wide array of the prospects of these strategies. This study is
important to the Nigerian banking industry as its findings have helped to
enumerate the major problems that affect the banking sector and also suggest accordingly
necessary strategies to curtail these threats through its recommendations which,
if implemented, could help major stakeholders to see the product of the efforts
that have been put forth in trying to enhance the performance, growth and
sustainability of the banking sector; the gap that has been left; and how they
could proffer more efficient ways to cushion these threats in order to enhance
profitability, growth and sustainability of the Nigerian banking industry.

6.4   Recommendations from the study

 

With
respect to the research questions posed in this study, the study recommends
that:

i.                   
Appropriate
strategies need to be deployed to cushion the major problems that are affecting
the profitability, growth and sustainability of the Nigerian banking industry
and such strategies should conform to the Nigeria environment.

ii.                 
Governments
and other stakeholders which include policy makers, organizations such as the
central bank of Nigeria should endeavor to proffer ways to manage the problems
which have been affecting the various strategies of initiatives that have been
introduced to tackling the threats to profitability, growth and sustainability
of the Nigerian banking industry in the last years so as to be able to realize
the prospects of the Nigeria banking sector.

6.5    Suggestions for further studies

 

It
is important to provide suggestions for further studies in this regard.
Although, the present study investigated the problems and prospects of
strategies to tackling the threats to profitability, growth and sustainability
of the Nigerian banking industry using a period of the last 5 years, there are
other suggestions for further studies. For example, the present study only used
the staff in the banking sector as its respondents leaving out the customers
which could have also be a major source of information to this effect because
they are the ones using the services provided by the banks.

Further
studies can deem it fit to use the customers of the banking sector to
investigate the problems and prospects of strategies to tackling the threats to
profitability, growth and sustainability of the Nigerian banking industry using
a period of the last 5 years.  This would
assist to provide well standard information from both ends which could be
better to be deployed than using a one-sided information from the staff of the
banks. In addition, the sample size of the respondents used in this study could
be very few to represent the whole population of the staff working in the
banking sector of the Nigeria economy. To this end, other studies can also deem
it fit to extend tentacles to other staff of the banking sector and thus
obtaining a perfectly elastic information which could be better than the ones
obtained from the few adopted in this present study.

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