INFORMATION NEEDS AND RESOURCE UTILIZATION BY PEOPLE LIVING WITH HIV/AIDS


 INFORMATION NEEDS AND RESOURCE UTILIZATION BY PEOPLE LIVING WITH HIV/AIDS

 

 

 

 

 

 

Background of the study

Managing information is an important part of coping with illness and includes communicative and cognitive activities seeking, avoiding, providing, appraising, and interpreting information. It is complex in that people’s information needs and behavior vary over the course of their illness and along with the availability and quality of information. In recent years, considerable research has been done on how people living with Human Immunodeficiency Virus/Acquired Immune Deficiency Syndrome (PLWHIV/AIDS) manage information. However, understanding of the role of information in the HIV/AIDS in ESUT Teaching Hospital, Park lane is still limited, because of the difficulties of reaching different groups of PLWHA.

This study has been designed to reach many segments of the diverse HIV/AIDS community and broaden under standing of how information can better assist PLWHA.

Information can be regarded as a resource that can liberate man. Osuala (2001) refers to information as facts and opinions provided and received during the course of life. A person using such facts generate more information some of which is communicate to others during discussion, by letters, symbols, etc. Aniogbolu, (2008) noted that most information users need information for problem solving, current awareness and recreational purpose. According to Aniogbolu (2008), the importance of information utilization by man to his development is becoming more meaningful to him as his information accumulation ability’s is taking a new dimension with the development of highly sophisticated information technology (Aniogbolu, Anyaobi & Olise, 2010).

Information needs is often understood as vague awareness of something missing and culminating in locating information that contributes to understanding and meaning (Kuhlthau, 2009). Belkin, Brooks and Oddy. (2008) in their part saw information needs as a gap in individual’s knowledge in sense making situations. Accessibility to the right information is necessary for the general well being of the individual, institution or organization.

One of the most devastating sources of our time is HIV/AIDS; undoubtedly HIV/AIDS presents a major challenge to human development in Nigeria. Ojoawo, (2006) apart from poverty, no problem has given Nigeria a more daunting challenge than the present battle with HIV/AIDS. AIDS in indeed devastating Nigerian communities and poses a real threat to poverty reduction effort and the achievement of the United Nation Millennium Development Goals, (UNMDG). Indeed HIV/AIDS presents a serious challenge to Human Development in Nigeria because the exact cause of and spread of the epidemic is still very difficult to calculate.

In Nigeria, the first case of AIDS was diagnosed in 1986. The infection rate has however, grown exponentially. Since then, by June 1999, the Federal Ministry of Health, (FMOH) in Nigeria had recorded 26,276 AIDS cases. Due to fear of stigmatization several cases are not reported through the hospitals, which mean the reported cases were gross under estimations of the rate of occurrence of the epidemic. The National AIDS/STDS Control Progremmes (NASCP) of FMOH estimated that the calculated number of AIDS cases would have reached 590,000 by the end of 1999 (Ojoawo, 2006).

Currently Nigeria has become the first country in Africa to cross the critical epidemiological threshold of 5%. In fact, it has since been projected that by the 2009 in the absence of major changes in sexual behavior and other control measures, the number of people living with HIV would reach 5 million, of the 40 million people identified to be living with the disease, 3.5 million is the estimated number for Nigerian. This amounts to 10% of the 40 million people infected worldwide (UNAIDS/WHO/UNICEF, 2002). In a country like Nigeria, with limited public capacity and resources to combat the problem, the prevalence rate is 80 high that the HIV virus is infecting more than 30 people a day, and the disease is growing faster that the authorities’ response to it. The prevalence report in Nigeria revealed that there is no community in Nigeria with zero prevalence (FMOH, 2009).

Ukwuoma (2008) noted that in 2003 and 2008 National Antenatal HIV Seroprevalence survey in Enugu State recorded the prevalence rate in both 2003 and 2008 as 4.9% and 5.1% respectively.

People living with HIV/AIDS need information to survive. As a matter of fact, information is vital in the daily life of the people living with HIV/AIDS.

It is a medium of social transformation and communication and an avenue for them (people living with HIV/AIDS) to get involved in government programmes and policies about HIV/AIDS. Therefore, good access to information becomes a must for PLWHA. It is therefore, necessary to consider the information needs of people living with HIV/AIDS as well as their information resources. This study sought to investigate the information needs and resource utilization by PLWHA. Using ESUT Teaching Hospital Park lane, Enugu as study setting.

ESUT Teaching Hospital Park lane, Enugu is situated at GRA Enugu North Local Government. It is a reference center for comprehensive treatment and support of people living with HIV/AIDS.

                                        

1.1     Statement of the problem

The cause of the disease HIV/AIDS, allover the world, relates to individual social behavior such as casual sex, intra venous drugs use (FMOH, 2008). In Nigeria however, the leading driving force of the spread of the HIV infection includes low level of education, high level of ignorance, cultural practices that encourage multiple sexual partner such as polygamy and concubine, poverty and lack of access to appropriate reproductive health survives and information particularly the illiterate and young people. The practice of traditional surgery such as bloodletting procedures with unsterilized instrument on infertile women, and non observance of infection control procedures by traditional birth attendants who are heavily patronized in Nigeria, may all be responsible for spread of HIV/AIDS in Nigeria.

Other factors blamed for the spread of the epidemic are the other cultural practices that expose people to unsterilized sharp objects used for body scarification and circumcision, the subordinate role of women and their attendant vulnerability which prevents them from negotiating safe sex, ignorance, stigma and discrimination, poverty, illiteracy and the non chalant attitude of some individuals.

In spite of various efforts at both domestic and international levels, Nigeria’s situation seems not to translate to any reliable cheering news about HIV/AIDS epidemic. It is becoming more of a developmental problem than just a health problem. The problem constitutes a major challenge to sustainable human development in Nigeria, which must be a concern for all.

Lack of information resources, lack of awareness   of the existence of information resources by the people living with HIV/AIDS, Non-utilization of the available resources by the people living with HIV/AIDS, High level of illiteracy among people living with HIV/AIDS, lack of skilled man power to appropriately organize that available resources in ESUT Teaching Hospital Library for easy accessibility and retrieval by people living with HIV/AIDS are the major problems faced by the PLWHA in ESUT Teaching Hospital Park lane, Enugu.

This study focuses on the information needs and resource utilization by people living with HIV/AIDS (PLWHA). The case study is ESUT Teaching Hospital Park lane, Enugu. The following are the problems facing PLWHA

a.  Emptiness: Most people living with HIV/AIDS feel they are empty vessels immediately they have been diagnosed as being HIV positive. The feeling that they have nothing to offer to the society also makes them feel empty and useless. They consequently develop an inferiority complex which worsens their condition. They become helpless.

b.  Absence of Counseling: Most people living with HIV/AIDS who know their status were not given pre-test counseling and as such were not prepared psychologically. This affects the psychological well being of the people living with HIV/AIDS (PLWHA), thereby leading to depression. Counseling is important to people living with HIV/AIDS. With counseling, which is supposed to be on-going process, PLWHA gain and demonstrate courage. Lack of counseling services in our hospitals is greatly affecting PLWHA. Even hospitals that have trained counselors do not offer appropriate counseling services and are not committed to work.

c.   Lack of Family Support: Experience has shown that some family members abandon and sometimes isolate PLWHA on the grounds that they have tested positive to HIV. This is largely due to lack of awareness in our families such attitudes lead to suspicious among PLWHA. This eventually leads to untimely death in most PLWHA. Hence PLWHA to believe that it is better to die than to live. There is also little or no family support to give hope to PLWHA in most homes.

d.  Stigma: This is one of the most subtle and debilitating challenges faced by PLWHA. It inhibits open, honest communication between them and others. Stigma makes the disclosure of the disease by PLWHA within the family difficult. Without disclosure, prevention and care are almost impossible, families and communities are deeply intertwined in the African context and should therefore be supported in preventing stigmatization. This will also promote better self esteem among PLWHA with respect to their careers. It will also eliminate the vicious cycle of self-stigmatization. People living with HIV/AIDS face stigma in the home, in the health care setting, in the religious sector, while the mass media can as well unintentionally promote stigma, though they have potential to shape the attitude, values and perception of a large member of people.

e.   Human Rights Violation: Existing human rights instruments confirm that discrimination against PLWHA or those thought to be infected is a violation of their human rights. This is a great challenge facing PLWHA.

f.    Discrimination: The acts of stigma constitute discrimination based on presumed or actual HIV positive status constitute discrimination based on presumed or actual HIV positive status and violates human rights due to the stigma associated with the rights of PLWHA. This situation intensifies the negative impact of the epidemic. At the individual level, for example, it causes undue anxiety and distress which by themselves contribute to ill-health. At the level of family and community, it causes people to feel ashamed and to conceal their link with the epidemic, as well as withdraw from participation in more positive social functions. At the level of society, discrimination against PLWHA reinforces the mistaken belief that such action is acceptable and that those infected with HIV/AIDS should be ostracized and blamed. This is a great challenge to PLWHA.

Around the world too there have been numerous instances of HIV/AIDS related cases of discrimination. People with HIV or those believed to have HIV/AIDS have been:

-      Segregated in schools and hospitals, and placed under cruel and degrading conductions. Cases of degrading treatment have often been reported in prisons where inmates are often without basic needs, including access to medical care.

-      Refused employment

-      Denied the right to marry

-      Reflected by community

-      Killed because of their sero positive status.

-      Required when returning to their home country to present themselves for an HIV test. Individuals have being denied the right to return to their country on suspicion of being HIV positive. Others have been denied visa and entry permissions.

In conclusion therefore, continuous advocacy campaigns are needed in response to the challenges faced by PLWHA and to bring about social change. All hand must be on desk to tackle the challenges facing PLWHA. To win the war against HIV/AIDS, PLWHA must be used as agents of change in the society.    

 

 

1.2     Objectives of the study

The main purpose of this study is to depict a comprehensive picture of information need and resource utilization by people living with HIV/AIDS in ESUT Teaching Hospital Park lane, Enugu. The specific purposes of the study are as follows:

a.  To determine the areas in which people living with HIV/AIDS needs information ESUT teaching Hospital.

b.  To find out the information resource used by people living with HIV/AIDS in ESUT Teaching Hospital Park lane, Enugu.

c.   To determine the extent to which information resources encourage and support the people living with HIV/AIDS to take positive actions to deal with HIV/AIDS in ESUT Teaching Hospital Park lane, Enugu.

d.  To determine the benefits derived from the use of information resources by the PLWHA in ESUT Teaching Hospital Park lane, Enugu.

e.   To find out the barriers to access and utilization of information resources by PLWHA in ESUT Teaching Hospital Park lane, Enugu.

  

1.3      Scope of the study

This study is limited to ESUT Teaching Hospital Park lane, Enugu, it investigates the information needs and resources utilization by people living with HIV/AIDS. The research wants to measure the following variables: the areas in which people living with HIV/AIDS need information, the extent to which information resources encourage and support the people living with HIV/AIDS, to take positive actions to deal with the HIV/AIDS, the information resources used by PLWHA, the benefits derived from the use of information resources by the PLWHA, and the barriers to access and utilization of information resources by PLWHA.

    

1.4      Significance of the study

The significance of this study will be appreciated for the following reasons:

It will accentuate public education and dissemination of information to reduce the stigmatization of persons assumed to be at risk of HIV/AIDS.

This study will also be important because it will provide psychological and social support to people living with HIV/AIDS. They should never be abandoned or treated as social outcasts.

The study is important because it will explore the necessary of the political action, that is social workers, individuals, community to participate with other groups to lobby at the state and federal level on behalf of PLWHA in order to improve their quality of life, protect their civil rights or liberty and to advocates for increased funding for appropriate education, prevention, intervention, treatment services and research.

The study will also serve as database for policy makers in the area of HIV/AIDS.

The findings of the study will help the government improve the scope and efficiency of its information systems and services where necessary to encourage maximum utilization by PLWHA.

It will serve as an information base for future scholars in the area.

Finally, it is hoped that the study will help policy makers, health care providers, health workers, information providers, library and information professionals, and other stakeholders in health sectors to respond positively to the information needs of PLWHA by identifying such needs and exploring avenues to improving will help the PLWHA to be aware of what is available for them, and perhaps make effective use of the available information resources for enhance health condition.        

       

1.5      Research Questions

The following research questions guided the study:

a.   To determine the areas in which people living with HIV/AIDS needs information ESUT teaching Hospital?

b.  To find out the information resource used by people living with HIV/AIDS in ESUT Teaching Hospital Park lane, Enugu?

c.   To what extent do people living with HIV/AIDS seek and share information and what type of resources do they use in sharing and seeking information in ESUT Teaching Hospital Park lane, Enugu?

d.  What impact has HIV information had on the lives of PLWHA and on basic demography in ESUT Teaching Hospital Park lane, Enugu?

e.   What are the barriers to getting HIV information by PLWHA in ESUT Teaching Hospital Park lane, Enugu?

 

1.6      Operational definition of research concepts

The following research concepts are defined according to the way and manner the researcher used in this research work.

i.            Information Need: It is defined as an individual or groups desire to locate and obtain information to satisfy a conscious or unconscious need.

ii.          Resource utilization: This is the proper use of available information and library resources by people living with HIV/AIDS in respect to their health status.

iii.        HIV: This means Human Immune deficiency Virus.

iv.         AIDS: Stands for Acquired Immune Deficiency Syndrome.

v.           PLWHA: Stand for People Living with HIV/AIDS.

 

HISTORICAL BACKGROUND TO THE STUDY

The university was established as a non residential multi-campus institution. On establishment, the university which was conceived on a presidential model after Harvard University made impressive landmarks and stamped its name as the first University of Technology and first state University of Nigeria.

In 1991, following the creation of Enugu State from old Anambra State the new government change name from ASUTECH to ESUT.

Until 2005 when it was relocated to Parklane Enugu and named ESUT college of Medical/Teaching Hospital.  

EDITOR’S SOURCE: INFORMATION NEEDS AND RESOURCE UTILIZATION BY PEOPLE LIVING WITH HIV/AIDS

 

IMPACT OF MARKETING CONCEPTS ON THE PERFORMANCE OF COMMERCIAL BANKS

 

IMPACT OF MARKETING CONCEPTS ON THE PERFORMANCE OF COMMERCIAL BANKS IN NIGERIA

 

INTRODUCTION

Marketing came into the commercial banks in the later 1950’s in the form of advertising and promoting concepts, not in the form of marketing concept. With the upsurge in competition many financial institution devised to adopt marketing tools to get their share of the market. Budget were established for advertising and sales promotion, managed to attract many new customers. Their competitors were forced into adopting the same measure by writing professional advertising agencies and promotion experts.

Marketing evolved as a part of the total manufacturing organization its rapid evolution was caused by five general issues that are found in commercial banks. These are sales decline, slow growth, changing buying pattern, interesting, competition and increasing expenditure.

Before this period Banks hardly ever thoughts of marketing research on professional bases until they were forced into the system by competition. Their services were shared traditional usage and custom. The commercial banks know perfectly well that most of their customers would be glad of  a full banking service.

However marketing concepts became one approach which seeks at improving the customers and the organizations relationship though. Through providing the right type of product that will satisfy the customers need and earn a profit to the firm. The concept is the management orientation they key task of the organization is to determine the needs and wants of the target customers and to adopt the right organization attitude towards delivery the desirable customers satisfactions more efficiently and effectively  than its competitors. The organization should be customers oriented, customers orientation as a basic philosophy that forces the business organization to highlight its actions with the mandates of the market. The management has faith  that it will be properly rewarded by the customers.

Union Bank Plc has a responsibility to serve the financial needs of the its customers, the greater the varieties of services and considering the different categories of customers, the better, the for it’s fulfilling its objectives.

The marketing concept acknowledge that a business geared to serve the needs and requirement of consumer will achieve a better result over a longer period of time than the other components whose executives are not be motivated towards the satisfaction of consumers. The marketing concept believes that consumer is king.

This pervasive attitude has three major elements such as undertaking of consumer needs or wants, system approach of marketing variables and other elements in an organization; and objectives to the organization.

Adoption of marketing concept therefore became necessary in Union Bank Plc as they are service oriented, operating in a competitive industries and profit motivated Union Bank Plc need to offer service that will meet their customers wants but before this is made possible, the bank have to embark  on a research of the type of services the customers required Union Bank recently realize the important of marketing concept and developed it for most of their services; distribution and promotion the service of marketing service depends upon knowing the buyer well and servicing his/her needs. This means treating each client as an individual product segment it important that a firm should decide as an important matter of policy what type of customers is required.

To this end, all policies, marketing manufacturing  and personnel should reflect this overall policy of image. The basic public relations policy can be put forward to ensure that the public are influence to react to the firm in the desired manner. The customers can be influenced by good customers relations to regard the bank as:

i.            Public spirited with a civil responsibility.

ii.          A good bank to work for or invest in.

iii.        A bank whose product and services can be purchased with confidence and reliability.

1.1   HISTORICAL BACKGROUND OF THE UNION BANK NIG PLC

                The financial system of the society is the framework within which capital transaction takes place. The saving of some members of the society are made avaibale to other member of the society for productive investment. This process is made possible by the intermediation of financial institutions like the commercial banks.   

The first commercial Bank, the Africa banking corporation open in Lagos in 1892, the bank experience some initial difficulties and eventually decided to transfer its interest to “Elder Domister and Company in 1893. this led to the formation of a New Bank known as the British Bank of West Africa (BBWA) in 1893.

The British bank of west Africa  and the Barclays bank between 1894 and 1933. In 1972 indignations decrees was promulgated, where the federal government of Nigeria acquired 51.67% of the Barclays bank share capital while the bank share capital while the bank was left with 40% and the remaining 8.33% with the Nigeria public.

In 1979 the bank sold 20% of its 40% shareholding to the Nigeria public again, thus, reducing its share to 20% in the same year 1979. Then the bank name was changed to Union Bank of Nigeria Ltd.

The equity structure of Union Bank make it only former expatriate bank currently with the larger proportion of  its store 80% owned by Nigeria and Nigeria organization.

1.2   STATEMENT OF THE PROBLEM

However some problem that affect Union Bank in Nigeria BirninKebbi Branch emerged as a result of inadequate application of marketing concept, such as:

i.      inability of the branch to mobilize saving for investment purpose and harness idle funds in the state.

ii.     Insufficient volume and varieties of financial instrument to facilitate intermediation for investment process.

iii.    Inability to incorporate proper use of marketing concept due to organizational policy framework, which has some restrictive clauses on publicity.

iv.    Insufficient number of workers to deal with member of the public who will like to participate in the banking activities.

v.     Inadequate banking environment which affect their product and service in the state.


1.3   OBJECTIVES OF THE STUDY

                Among the objectives of the study are as follows:

i.            To highlight the important roles played by marketing concept in the performance of commercial banks to the economic development of the country.

ii.          To discuss and examine the operations and the likely affect of marketing concept in the commercial banks.

iii.        To help in academic contribution towards reaching possible solution on how to develop and improve marketing concept in the commercial banks.

iv.         To examine certain instances when investment may be insensitive to the level of marketing concept.

v.           To appraise the application of marketing concept in the commercial banks.

vi.         To assess the impact of marketing concept in commercial banks.

vii.       To ascertain whether marketing concept has any effect in the commercial banks.

1.4 RESEARCH QUESTION

1. What is the relationship between the commercial banks and marketing concept?

2. The important roles played by marketing concept in the performance of commercial banks to the economic development of the country include.

3. What are the operations and the likely effects of marketing concept in the commercial banks?

4. What are the academic contributions towards reaching possible solution on how to develop and improve marketing concept in the commercial banks?

 

1.5 RESEARCH HYPOTHESIS

Ho    There is no significance relationship between the commercial banks and marketing concept.

Hi     There is significance relationship between commercial banks and the marketing concept.

Ho2   There is no significance relationship in information preference between the commercial banks and the marketing concept.

H1  There is significance relationship in information preference between the Commercial banks and the marketing concept.

Ho3   There is no significance relationship in information format used by the commercial banks and marketing concept.

H13  There is significance relationship in information used by the commercial banks and marketing concept.

1.6   SIGNIFICANCE OF THE STUDY

The research work is undertaken to advance scientific knowledge of the study matter of investigation an evaluation of marketing concept in the commercial banks.

Marketing concept is an economic phenomenon, in which the consumer is seen as supreme and his/her wants or needs from the starting points and base for production of goods and services.

To survive competitive activities, banks must be able to produce and deliver wants or needs satisfying goods and services, packed  of quality and value.

However, customer of various categories of the banks enjoyed  such service from Union Bank NigPlcBirninKebbi branch. Customers like the small and medium scale enterprises farmers of different categories, workers of different facets in the state.

It is significance to note that, success only depends on meeting the needs or wants  of the customers via value creating exchange. This is done by Union Bank of Nigeria PlcBirninKebbi Brach through complete adopting and practice of marketing concept where customers are treated as king, the only boss of the organization whose wishes aspiration preference must be met and which should guide organization thinking and operation.

The prospective users of the research when it is complete are the workers, students and in the banking sector. Who may be interested in knowing the evaluation of marketing concept.

 

1.7   SCOPE AND LIMITATION OF THE STUDY

The scope pf this research work is limited to the union bank of Nigeria PlcBirninKebbi branch, and the extent of this work is also limited to an evaluation of marketing concept in the commercial banks.

There are numbers of limiting factors since the Union Bank senior staff interviews were not willing to disclose useful information to the researcher. A lot of problems went wrong to restrict the researcher writer from conducting a good and comprehensive research.

Among the problems are:

i.            Difficulties in obtaining certain documents and as most of the documents are considered to be very important to the organization, thus preventing the researcher from getting them.

ii.          A work of this nature requires much capital for financing the materials and sourcing information needed. But collation prolonged leaving little time for presentation and analysis of data since the researcher was given schedule time of completion.

iii.        Also the time allocated to this research work is inadequate and insufficient for the researcher to get all the required information for the topic.

iv.         Another limitation is the non-availability of relevant and vital documents in the school library, which could have be useful in making an extensive research work and the library did not keep any special manuals for the topic which the researcher could make reference to.

v.           This research work was undertaking when the writer is fully engage in the class work. This has greatly constrained the research work because the researcher has to pay attention to normal class activities.

1.8   DEFINITION OF TERMS

Advertising: To percent information about a product arouse interest, build desire and get customer in a favourable frame of mind to buy the product.

Asset Portfolio:An asset in the firm property weighted to represent their proportionate market value.

Business Organization: Collective endeavour consisting of contractual relationship among the various parties involved.

Banker: A person or company carrying on the business of receiving monies and collecting draft from customers subject to the obligation of honouring cheques drawn upon them from time to time by customers to the extent of the amount available in their current account.

Consolidation:The combination of two or more firm into an entirely new firm the old firm ceased to exist.

Corporation: A business formed legally from its owners.

Distribution: The transfer of goods from producer to consumers.

Financial:Intermediaries financial institution that accept money from savers and use  those funds to make loans and other financial investment in their own name.

Marketing: Human activities that is directed at satisfying needs and wants through exchange process.

Marketing Concept: Undertaking of consumers need or want (consumer oriented).

Portfolio:A combination of two or more securities or assets.

Portfolio Management:The process of combining securities in a portfolio tailored to the investors preference and needs monitoring that portfolio and evaluating its performance.

Sales promotion: The provision of special buying incentives for a limited period of time.

 

EDITOR’S SOURCE: https://researchwap.com/marketing/impact-of-marketing-concepts-on-the-performance-of-commercial-banks-in-nigeria/index.html

RECAPITALIZATION ON SHAREHOLDERS RETURN IN BANKING INDUSTRY

 

THE IMPACT OF RECAPITALIZATION ON SHAREHOLDERS RETURN IN NIGERIAN BANKING INDUSTRY

 

 

 

 

 

ABSTRACT

This research work focuses on the Effect of Information Communication Technology (ICT) on deposit mobilization and profitability of banks in Nigeria. It also revealed how computer technology is being used in taking strategic decisions in an organization, with the usage of computer technology. It helps to discover how efficiently and effectively the bank(s) are performing as regards deposit mobilization and trend(s) in profitability. Some research instrument(s) where used in this continuous writing were: Interview, Questionnaire, and Observations were illustrated with charts and (Chi-square). It starts with the background of the study up to the final recommendation to the higher

 

 

CHAPTER ONE

1.0       INTRODUCTION

Capital occupies a vital position in any business in which a bank is included capital is particularly important in the banking industry, that is adequacy is a comfort to the depositor or the shareholder. The bank is to be adequately capitalized in order to perform its role in building the nation's economy.

According to the editorial of Nigeria bankers (2003) “The nature of Nigeria the banking industry was healthy and sound from the independent in 1960 to their deregulation and the liberalization of the industry which started kin and middle of the 1980s, the situation changes drastically since the manifestation of bank distress that subsequently cleared the life of 37 banks from 1994 to 2003 in which their problems can be traced bank to the undercapitalization of these banks.

The National Economic Empowerment and Development (NEEDs) 2004, is an initiative of the Obasanjo administration aimed at reforming the entire economy of the nation Nigeria. Under the NEEDs, the financial service is clear with the country is to reform, given clear with the country are to be reformed, given that “the success of NEEDS will depend in part on the ability of the financial intermediaries to play their roles by adopting the strategy of addressing low capitalization, the poor governance practice of financial intermediaries that submit inaccurate reformation to regulatory authorities and to strengthen and rationalize the regulatory and supervisory framework in the financial sector.

The reform agenda under NEEDs is saying categorically that the low capitalization of banks must be death with achieving the goals of NEEDs.

According to Sanusi (2005) “The new capital accord, base II of 1998 tackle the issue of capital at the inception, the major element of the based committee of the 1998 capital accord included the explicit unmake of the capital the requirement to a bank question and degree of risk and establishment of internationally, comparable minimum capital requirements. Combining the objectives of the National Economic Empowerment and Development Strategy (NEEDs) and that of the new capital accord based II of 1998 it will be deduced that up with the global economic and financial trend and ensigncy the economic development of Nigeria.

Ogunniyi (2005) is of the opinion that the Central Bank of Nigeria as empowered by BOFIA from time to time determines the minimum paid-up share capital of categories of the bank in Nigeria in which there was upward review from time to time. The issue of recapitalization to banks to the time of #25 billion was announced by CBN governor Charles Soludo on the 6th July 2004 generated a lot of controversies but if practically examine, it is what the nation needs for overall economic growth.

CLICK THIS LINK FOR THE COMPLETE MATERIAL - https://researchwap.com/banking-and-finance/the-impact-of-recapitalization-on-shareholders-return-in-nigerian-banking-industry-a-case-study-of-access-bank-of-nigeria-plc/index.html

 

 

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