A Study On Process Of Banking In The History Of Nigeria Since Its Foundation

The problem of the construction and development of modern state is the core problem of Nigeria in the whole process of the history of 20th Century. Since formally became a British colony in 1914, Nigerian economy has been past one hundred years of development. Especially after independence,50 years of trials and hardships. Economic ties between the various regions of the country have become increasingly close. Unified national economic policy, slow growth of transportation, infrastructure and personnel flow has been broken through the isolation of the traditional society. A unified national economic system has been gradually formed.However, there are many structural and institutional problems in the economic development of Nigeria. Including the attachment to the Western colonial suzerain, the fragility of the single economic structure, the uneven development between regions.However, Nigeria has been a resource and a large population of African countries, the development potential is huge since entering in 21th century, Nigeria’s economy has gained more obvious development. It can or not can eventually develop into a new country gradually become the focus of attention of the world.Banking as an important tool in the process of the formation and consolidation of the modern national economic system in Nigeria. About the construction and development of modern countries, external communication and contact, all aspects of people’s livelihood, although there are hundreds years of development process of Nigeria banking industry. But the changes it has experienced, setbacks encountered. achievements made, problems faced, and future prospects, all are closely connected with the question of modern state construction and development in Nigeria.Along with the development process of the banking industry is the tireless efforts from all walks of life of Nigeria people to establish a complete national economic system. In fact, it is these people. Whether it is the national consciousness of the colonial period or the person with breadth of vision in Nationalist government after independent, leading the development of the banking industry in Nigeria. They seek a perfect banking system with the public at the same time.But also to overcome the problems from inside and outside. The development of banking industry is not only an economic problem. This paper systematically combing and research the historical evolution process of modern banking since the beginning of 20th century especially after the Nigeria’s independence. The background, motivation and stage characteristics of this process has been discussed, including the impact of this process on the current political and economic development and social change in Nigeria. At the same time, this paper also takes the "previous life" and "life" of the banking industry in Nigeria as the viewpoint.try to find the relationship between economic and political, social, cultural, ethnic, resources and other factors in the process of national development. And taking this as a starting point to fully show the development process of the Bank of Nigeria.