Social and Behavioral Sciences Commons^™

The Imperatives Of E-Banking For Monetary Policy In Nigeria., A. Bamidele

Economic and Financial Review

The electronic delivery of banking services is fast gaining wide acceptance in many jurisdictions including Nigeria. The importance of this channel of banking service delivery has been strengthened by advancement in information and communications technology (ICT) that has reshaped global financial architecture. This paper examines the crucial nature of electronic banking (e-banking) to monetary policy implementation in Nigeria and advocated necessary actions for enhancing the effectiveness and efficiency of monetary policy execution for the achievement of the ultimate target of economic growth and development. It is postulated that, subject to initial conditions and establishment of risk mitigating factors, e-banking is …