IDEAS home Printed from https://ideas.repec.org/a/bjz/ajisjr/862.html
   My bibliography  Save this article

Global Economic Crisis and Joblessness in Nigeria’s Banking Industry: Agenda for the Future

Author

Listed:
  • Okechukwu Innocent Eme
  • Tony O. Onyishi

Abstract

Axiomatic to posit that the banking sector in Nigeria is yearning for better, skills to reduce distress, and further drive the economy. In recent times, the industry has been bugged by recession, occasioned by mismanagement of funds, inability to adhere to ethical standards, employment of below- average workers, and misplacement of priorities. Many banks have ventured into areas where they lacked the required competence, and, in the process, made traditional, or deposit banking to suffer. One of the major fallouts of this misplacement of priorities is the current pendulum swinging against shareholders as they lose their in vestments, relevance, appeals and contacts to the market. These have occasioned the current job losses in the sector. This article seeks to address the impacts of the economic meltdown on the banking sector and the current job losses triggered by the down turn. The paper concludes by positing that there is a need to redefine the roles banks play in an economy through effective risk management.

Suggested Citation

  • Okechukwu Innocent Eme & Tony O. Onyishi, 2014. "Global Economic Crisis and Joblessness in Nigeria’s Banking Industry: Agenda for the Future," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 3, July.
    • Handle: RePEc:bjz:ajisjr:862
    DOI: 10.5901/ajis.2014.v3n4p435
    as

    Download full text from publisher

    File URL: https://www.richtmann.org/journal/index.php/ajis/article/view/3122
    Download Restriction: no
    File URL: https://www.richtmann.org/journal/index.php/ajis/article/view/3122/3078
    Download Restriction: no
    File URL: https://libkey.io/10.5901/ajis.2014.v3n4p435?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Abel K. Ubeku, 1983. "Industrial Relations in Developing Countries," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-17265-8, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Paul Omojo Omaji, 1993. "The State and Industrial Relations: Background to the Adoption of Compulsory Arbitation Law in Australia and Nigeria," British Journal of Industrial Relations, London School of Economics, vol. 31(1), pages 37-55, March.
    2. Aye, Baba, 2017. "NUPENGASSAN and the struggle against precarious work in the Nigerian oil and gas industry," GLU Working Papers 50, Global Labour University (GLU).
    3. Francis C. Anyim & Cyril Oseloka Ikemefuna & Oluwakemi Ayodeji Owoyemi, 2011. "The Effect of Statutory Sanctions on Management of Trade Disputes in Nigeria: A Critical Appraisal," International Journal of Business Administration, International Journal of Business Administration, Sciedu Press, vol. 2(4), pages 155-165, November.
    4. Olusoji James George & Oluwakemi Owoyemi & Uche Onokala, 2012. "Trade Unions and Unionism in Nigeria: A Historical Perspective," Research in World Economy, Research in World Economy, Sciedu Press, vol. 3(2), pages 68-74, September.
    5. Emeka Smart ORUH, 2014. "Giving Voice To The People: Exploring The Effects Of New Media On Stakeholder Engagement In The Nigerian Trade Union Movement," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 6(3), pages 41-52, September.
    6. Olusoji James George & Oluwakemi Owoyemi & Owolabi Kuye, 2012. "Impact of Hofstede¡¯s (1980, 2001) ¡®Software of the Mind¡¯ on the Transfer of Management Practices: The Case of the Transfer of the British Voluntarist Employment Relations Practice to Nigeria," Journal of Management and Strategy, Journal of Management and Strategy, Sciedu Press, vol. 3(4), pages 55-64, November.
    7. Ige Yemisi, 2017. "Alternative Dispute Resolution and Collective Conciliation in Nigeria: A Review of Contemporary Literature," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(8), pages 261-261, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bjz:ajisjr:862. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Richtmann Publishing Ltd (email available below). General contact details of provider: https://www.richtmann.org/journal/index.php/ajis .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.