The Effect of Information Technology on the Growth of the Banking Industry in Nigeria

P. A. Idowu, A. Alu, E. R. Adagunodo

Abstract


The advent of Information Technology (IT) is rapidly changing the banking industry. In this study, the impact of IT on the banking industry in Nigeria is described. A questionnaire was employed to collect data from customers at five major banks in Nigeria on the extent to which customers believe that IT exerts an impact on banking services. The results of the study clearly indicate that IT has contributed immensely to the growth of the banking industry in Nigeria.

Keywords


IT impact, Banking Industry; Nigeria

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The Electronic Journal of Information Systems in Developing Countries. ISSN: 1681-4835 www.ejisdc.org