Central Bank of Nigeria
Mandatory Allocation, Nigerian Economy, Nigeria, Economy
The paper examines the performance and likely future trend of mandatory credit allocation to selected sectors of the Nigerian economy. The result reveals that during both the pre-SAP and the SAP years, performance was below target. In terms of future mandatory a/location of credit by banks, the paper notes that instead of 'prescribing the total amount by which banks can expand credit, discretion should he given to banks to allow market forces to determine the allocation.
CBN Economic and Financial Review
Babalola, J. A. & Odoko, F. O. (1996). The Performance and Future of Mandatory Allocation of Credit to Selected Sectors in the Nigerian Economy. CBN Economic and Financial Review. 34(3), 675-712.