IIARD International Institute of Academic Research and Development

Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 8 NO. 3 2022

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Financial Resource Management on Sustainable Development in Deposit Money Banks in Nigeria

Okerekeoti, Chinedu U.

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Abstract

This examines the effect of financial resource management on sustainable development in deposit money banks in Nigeria. The study adopted a survey research design since it involves distribution of questionnaire to the targeted respondents. Purposive sampling technique applied in determining the sample size. In this method, Eight (8) deposit money banks licenced with international authorization were chosen during the data collection process. The data were analyzed and tested with regression analysis. Based on the empirical evidence, it shows that financial resource management has a significant positive effect on sustainable development in deposit money banks in South East States, Nigeria. Based on the study's findings, the researcher proposed that in equity capital management, long-term capital planning based on the bank's overall financial plan be carried out. This would enable banks to plan resources more efficiently and buy long-term resources based on predicted active transactions

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