Chapter One — 1.1 Background to the Study

Over the past decade, the relationship between electronic banking (e-banking) and economic growth has become a subject of considerable debate among scholars and industry practitioners alike, particularly within the context of Selected Deposit Money Banks in Nigeria where operating conditions differ markedly from more developed markets.

Within the context of Selected Deposit Money Banks in Nigeria, this relationship carries particular significance. Organizations in this setting operate under a distinct combination of economic, regulatory, and market conditions that may amplify or dampen the effect of electronic banking (e-banking) on economic growth, making a context-specific inquiry both timely and necessary.

1.2 Statement of the Problem

Despite a growing body of literature on electronic banking (e-banking), there remains limited consensus on the precise nature of its relationship with economic growth, particularly within Selected Deposit Money Banks in Nigeria. Many organizations continue to make decisions about electronic banking (e-banking) without a clear, evidence-based understanding of how those decisions ultimately affect economic growth. This gap between practice and empirical understanding is the central problem this study seeks to address.

1.3 Objectives of the Study

1. To examine the effect of Electronic Banking (E-Banking) on economic growth in Selected Deposit Money Banks in Nigeria.
2. To assess the extent to which electronic banking (e-banking) influences economic growth within the study area.
3. To identify the challenges associated with electronic banking (e-banking) in relation to economic growth.
4. To recommend strategies for optimizing electronic banking (e-banking) in order to improve economic growth.

1.4 Research Questions

1. What is the effect of electronic banking (e-banking) on economic growth in Selected Deposit Money Banks in Nigeria?
2. To what extent does electronic banking (e-banking) influence economic growth within the study area?
3. What challenges are associated with electronic banking (e-banking) in relation to economic growth?
4. What strategies can be adopted to optimize electronic banking (e-banking) in order to improve economic growth?

1.5 Significance of the Study

Beyond its academic contribution to the field of finance / banking, this study has practical value for management teams within Selected Deposit Money Banks in Nigeria seeking to understand how electronic banking (e-banking) translates into measurable outcomes around economic growth. It is equally useful to students and future researchers looking for a localized empirical reference on this relationship.

1.6 Scope of the Study

In terms of scope, this MSc study confines itself to Selected Deposit Money Banks in Nigeria, focusing specifically on how electronic banking (e-banking) relates to economic growth within that setting. Findings are interpreted within these boundaries rather than as universal claims applicable to every organization or market.