6.1 affecting the profitability, growth and sustainability of

6.1    Introduction Thischapter restates and reaffirms the research questions of interest in this studyand thus provides the finale of the findings of this study. It is divided intofour major sections namely conclusion, recommendations made from the study,implications of the findings of the study and the suggestion for furtherstudies.6.2    Conclusion Fromthe findings of this study, the problems and challenges influencing theprofitability, growth and sustainability of the Nigerian banking industry areelastic, and various strategies have been deployed to cushion the effect ofthese problems and challenges however to no effect. Nevertheless, the Nigeriabanking sector has a wider prospect to be better if these threats are tackled. 6.

3Implications of the study The study has identified the threatsaffecting the profitability, growth and sustainability of the Nigerian bankingindustry in the last five years. The study further revealed the strategies thathave been deployed to cushion the effects of these threats on the bankingsector, but to no avail. Nevertheless, the findings of this study show thatthere are wide array of the prospects of these strategies. This study isimportant to the Nigerian banking industry as its findings have helped toenumerate the major problems that affect the banking sector and also suggest accordinglynecessary strategies to curtail these threats through its recommendations which,if implemented, could help major stakeholders to see the product of the effortsthat have been put forth in trying to enhance the performance, growth andsustainability of the banking sector; the gap that has been left; and how theycould proffer more efficient ways to cushion these threats in order to enhanceprofitability, growth and sustainability of the Nigerian banking industry.

6.4   Recommendations from the study Withrespect to the research questions posed in this study, the study recommendsthat:i.                   Appropriatestrategies need to be deployed to cushion the major problems that are affectingthe profitability, growth and sustainability of the Nigerian banking industryand such strategies should conform to the Nigeria environment.ii.                 Governmentsand other stakeholders which include policy makers, organizations such as thecentral bank of Nigeria should endeavor to proffer ways to manage the problemswhich have been affecting the various strategies of initiatives that have beenintroduced to tackling the threats to profitability, growth and sustainabilityof the Nigerian banking industry in the last years so as to be able to realizethe prospects of the Nigeria banking sector.6.5    Suggestions for further studies Itis important to provide suggestions for further studies in this regard.Although, the present study investigated the problems and prospects ofstrategies to tackling the threats to profitability, growth and sustainabilityof the Nigerian banking industry using a period of the last 5 years, there areother suggestions for further studies.

For example, the present study only usedthe staff in the banking sector as its respondents leaving out the customerswhich could have also be a major source of information to this effect becausethey are the ones using the services provided by the banks. Furtherstudies can deem it fit to use the customers of the banking sector toinvestigate the problems and prospects of strategies to tackling the threats toprofitability, growth and sustainability of the Nigerian banking industry usinga period of the last 5 years.  This wouldassist to provide well standard information from both ends which could bebetter to be deployed than using a one-sided information from the staff of thebanks. In addition, the sample size of the respondents used in this study couldbe very few to represent the whole population of the staff working in thebanking sector of the Nigeria economy.

To this end, other studies can also deemit fit to extend tentacles to other staff of the banking sector and thusobtaining a perfectly elastic information which could be better than the onesobtained from the few adopted in this present study.

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