So, what is necessary to encourage vigorous activity on the part of firms and households? My belief is that the various economic entities need to free themselves from concerns about the future and regain confidence in their ability to achieve sustainable economic growth.
TAFCUB was tasked with the responsibility of identifying the potentially viable and non viable UCBs in the state and providing a revival plan for the former, and a non disruptive exit route for the latter, set of banks. The exit route could include merger/amalgamation with stronger banks, conversion into societies, or ultimately, only as a last resort, through liquidation.