FINANCING INFRASTRUCTURAL DEVELOPMENT IN NIGERIA: THE ROLE OF DEPOSIT MONEY BANKS

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SUMMARY 

In order to achieve sustainable infrastructure development, the banking industry must be fully mobilized to get involved in the business of financing infrastructures, particularly through deliberate strategy of governments to improve the state and level of infrastructure development in the country. However, unlike in developed countries, this country's infrastructure is in a comatose state, and governmental efforts might not be enough to alter the dominant narratives. Deposit money banks are private corporations that seek to finance successful business endeavors in order to enhance the welfare of their shareholders. And given the importance of financial institutions to economic growth, it is crucial to consider how deposit money banks contribute to financing infrastructure development.

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