Impact of Banks Consolidation on the Socio-Economic Conditions of Bank Employees in Africa: A Study of Some Selected Banks in Kaduna Metropolis (2004 – 2016)

Abstract

This study examined The Impact of Bank Consolidation on the Socio-Economic Condition of Bank Employees in Africa: A Study of Some Selected Banks in Kaduna Metropolis (2004-2016). The objectives of the study were to explore the views of Bank employees on the 2004 Bank Consolidation exercise in Kaduna metropolis (2004-2016). To evaluate the impact of 2004 Bank Consolidation on the lives of Bank employees in Africa, taking Kaduna metropolis (2004-2016) as a study area. The study utilised Structural Functional theory as the appropriate theoretical framework for explaining the rationale behind banks consolidation in the study area. Interview method was used to collect primary data from the large population of the study. Thus a total of 11 respondents were subjected to structured interview which include ex-bankers of the collapse banks in Kaduna metropolis. The primary data became saturated when the researcher interviewed the 11th respondent hence; eleven 11 persons constitute the sample size for the study. The primary data collected was presented and analysed. The study mainly found that, Bank consolidation have  led to the increase in unemployment problem in Kaduna metropolis from (2004-2016), and has increase in the level of poverty and social challenge in Kaduna metropolis. The study recommended that bank consolidation should be used as veritable instruments for job creation and promotion of sustainable economic development in Kaduna metropolis, this would be a panacea for political stability in the polity.