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Goal 16 of the UN Sustainable Development Agenda and Its Implications for Effective Governance and Sustainability in the Nigerian Banking Sector

In: The Future of the UN Sustainable Development Goals

Author

Listed:
  • Adebimpe Lincoln

    (University of Liverpool)

  • Oluwatofunmi Adedoyin

    (Nordea Bank)

  • Jane Croad

    (Cardiff Metropolitan University)

Abstract

This research seeks to explore sustainableSustainable developmentSustainable development in the Nigerian Banking SectorBanking sector in light of Goal 16 of the United NationsUnited Nations Sustainable DevelopmentSustainable development GoalsSustainable Development Goals (SDGs) (SDGs). The research focuses in particular on corruptionCorruption and legal regulatory deficiencies and potential impact on governance and sustainabilitySustainability within the sector. In order to fulfil the aim of the study, a mixed methods approach involving the use of semi-structured interviewsSemi-structured interview and questionnaire surveySurvey was adopted. In the initial stage, secondary data was obtained from journal articles, textbooks and relevant international bodies and governmentGovernment publications in providing an overview of the theoretical perspectives driving corporate governanceCorporate Governance . Semi-structured interviewsSemi-structured interview and questionnaire surveys were used as a basis for the primary data collected. The rationale for adopting the data collection methods used stems from the need to capture differing opinions regarding issues relating to sustainable development agenda, corporate governanceCorporate Governance and accountabilityAccountability in Nigerian banks. 16 semi-structured interviewsSemi-structured interview were conducted with auditors and accountants, managers, regulators and shareholdersShareholders . 1664 questionnaires were returned from 1840 questionnaires distributed to customers, depositors, employees, and shareholders. The findings revealed that more needs to be done in fostering sustainable developmentSustainable development vis a vis corruptionCorruption and legal regulatory framework. In addition, while corporate governanceCorporate Governance is recognised as being instrumental in sustainable developmentSustainable development , the corporate governanceCorporate Governance practices in Nigerian banks remains weak. Lack of accountabilityAccountability , corrupt practices and the external environment continue to hinder the effectiveness of the legal regulatory systemRegulatory system .

Suggested Citation

  • Adebimpe Lincoln & Oluwatofunmi Adedoyin & Jane Croad, 2020. "Goal 16 of the UN Sustainable Development Agenda and Its Implications for Effective Governance and Sustainability in the Nigerian Banking Sector," CSR, Sustainability, Ethics & Governance, in: Samuel O. Idowu & René Schmidpeter & Liangrong Zu (ed.), The Future of the UN Sustainable Development Goals, pages 99-122, Springer.
    • Handle: RePEc:spr:csrchp:978-3-030-21154-7_5
    DOI: 10.1007/978-3-030-21154-7_5
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    Cited by:

    1. Sai Tang & Zhuolin Wang & Gengqi Yang & Wenwen Tang, 2020. "What Are the Implications of Globalization on Sustainability?—A Comprehensive Study," Sustainability, MDPI, vol. 12(8), pages 1-11, April.

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