Data were gathered through primary and secondary sources. The data gathered were then analyzed using tabular and textual modes of data presentation.
The major finding of the research was that the institutional arrangements available to the banking industry to train and develop its manpower in order to match the growth in the industry are adequate and sufficient; yet, the banking industry has not trained and developed its manpower resource base to match the growth in the industry. It was further discovered that the problems being encountered by banks due to inadequate manpower included frequent poaching of professionally trained staff, higher compensation levels, considerable dilution of standards, high and widespread on utilization of modern management techniques, poor banking services and weak internal control. Others included bad loan portfolio problems, contravention of statutory regulations, unethical credit pelicans and other unacceptable practices.
Some recommendations were made, which if implemented would guarantee an abundant and professional trained manpower for the banking industry.
TABLE OF CONTENTS
CHAPTER ONE
1.0INTRODUCTION 1
1.1 BACKGROUND OF THE STUDY 1
1.2STATEMENT OF THE PROBLEMS 3
1.3OBJECTIVES OF THE STUDY 5
1.4HYPOTHESIS 6
1.5SIGNIFICANCE OF THE STUDY 7
1.6SCOPE AND LIMITATION OF THE STUDY 7
CHAPTER TWO
2.0REVIEW OF RELATED LITERATURE 9
2.1 BANKING INDUSTRY AND MANPOWER GENERATION IN NIGERIA 9
2.2 NIGERIA INSTITUTE OF BANKERS (Now Chartered Institute of Bankers of Nigeria). 17
2.3FINANCIAL INSTITUTIONS TRAINING
CENTRE (FITC) 21
2.4ROLE OF INDIVIDUAL BANKS IN
MANPOWER TRAINING 23
2.5MANPOWER CHALLENGES OF THE GROWTH OF THE BANKING INDUSTRY. 27
CHAPTER THREE
3.0RESEARCH DESIGN AND METHODOLOGY 38
3.1 RESEARCH METHOD USED 39
3.2POPULATION OF THE STUDY 40
3.3DETERMINATION OF THE SAMPLE SIZE 41
3.4INSTRUMENTS OF DATA COLLECTION 44
3.5PROCEDURE IN GATHERING 46
3.6DATA VALIDITY AND RELIABILITY OF THE MEASURING 47
3.7DATA TREATMENT TECHNIQUE 48
CHAPTER FOUR
4.0PRESENTATION ANALYSIS AND INTERPRETATION 49
4.1 BACKGROUND INFORMATION 49
4.2SOURCES OF MANPOWER AND ITS DEVELOPMENT STRATEGIES 51
4.3MANPOWER PROBLEMS AND SOLUTIONS TO THE GROWTH OF THE BANKING INDUSTRY 72
4.4SUMMARY OF RESPONSES. 77
CHAPTER FIVE
5.0SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION 78
5.1 SUMMARY OF FINDINGS 78
5.2RECOMMENDATIONS 83
5.3CONCLUSIONS 93
BIBLIOGRAPHY 96
QUESTIONNAIRE 99
CHAPTER ONE
INTRODUCTION
1.1BACKGROUND OF THE STUDY
In Nigeria, commercial and merchant banking date back to 1894 when the bank for British West Africa (BBWA) was established and 1960 when Philip Hill (Nigeria) limited and Nigeria acceptances limited were set up. Since thus, the general profile of the Nigeria Banking Industry has transformed in various dimensions, and particularly the growth in terms of numbers has been quite phenomenal. For instance this development brings almost at per at sixty-six (66) and fifty-four (54), the respective numbers of commercial and merchant banks in the country. Thus the bank in the country as at December 1994 (commercial and merchant banks) comes to 120. This was unexpected because various policies put in place so as to achieve a realistic exchange rate for the Naira disrupted price levels. There was a multiplier and down stream effect which crystallized in an explosion o rendering requirements in all economic endeavours. It was evident that the injection of fresh credit and increased efficiency in service delivery from the key financial sub-sector (ie. The banking sub-sector) are reforms being pursued under the Structural Adjustment Programme (SAP).
Since 1995, several more banks have been licensed. Another reason for the increase in number of banks is the widening of the sphere, which banks could operate. The general deregulation permit banks to do lot more business and particularly the distribution between merchant and commercial banking is now getting this.
Therefore, the upsurge in number of bank itself is a positive development, because more people are now aware of banking services than hitherto. But the rapid expansion that has been envisaged above in the number of banks and their branches would not doubt require greater bank manpower throughout the system. Bank management quite unlike the management of most other business, is a specialized profession because its stock in trade (i.e. money) is so easy to defalcate and above all, all of it (the money) belong to other people. The profession of Banking, therefore calls for people of extremely high caliber and also of course, good training. It is therefore, against this background that the researcher wishes to x-ray the manpower implications of this spiral growth of banks in Nigeria with a view to identify the problem and offering solutions as per the above.
1.2STATEMENT OF THE PROBLEM
There is little doubt that the growth expansion and changing nature of commercial and merchant banking activities in Nigeria within the past decade have been a reflection of development within the economy itself. Yet a careful study to the distressful conclusion that act is not well in the section. Bank frau
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