Bank consolidation policy in Nigeria is a measure to increase

Bank consolidation policy in Nigeria is a measure to increase the capital base of banks. Capital base refers to the amount of financial resources that a bank has available to support its operations and growth. By increasing the capital base of banks, the bank consolidation policy in Nigeria aims to strengthen the financial stability and stability of the banking sector, and make it better equipped to support economic growth and development. The capital base of a bank is important because it helps to ensure that the bank has enough financial resources to cover its potential losses and meet the demands of its customers, even in times of economic stress. By increasing the capital base of banks, the bank consolidation policy in Nigeria seeks to create a more stable and resilient banking sector that is better equipped to support economic growth and development. In simple terms, the bank consolidation policy in Nigeria is designed to make banks stronger and more financially stable by increasing the amount of money they have available to support their operations.