Acceptable progress has, however, been made in this regard during the last two years. Against this background, this Forum has been organised to proffer practical solutions on how to tackle the problem of the burgeoning domestic debt of the Federal Government.
This has gone hand in hand with an enormous increase in competition, of various kinds: competition between banks in the same national market; competition across geographic boundaries; competition between banks and non-bank financial intermediaries, and competition between banks and non-financial firms. Intensified competition has been both the cause and consequence of the liberalisation and globalisation of financial activity.