Alexander C. Ugwukah & Oladimeji A. Depiver
This research aims at assessing the growth and development of the banking industry through the various banks situated in Babcock University in Nigeria in the period 2010–2020. Previous studies on Babcock University have concentrated on other aspects of development, agricultural, infrastructural, spiritual and educational attainments of the institution without much focus on the banking industry. As at 2020, there were no fewer than 10 banks in the University offering various services to students, staff and the administration of the University. It is pertinent to note that in spite of this development, there has been a total neglect of research attention on these banks growth and development. Indeed, up till this current period, there's been no focus on the campus banks and its economic implications on the University system leaving an apparent gap to fill in scholarship. The problem which confronts this study is therefore to give an authentic assessment of the role and impact of the banks in Babcock University to the socio-economic development of the community as a whole. In fulfillment of this objective, the study adopted a Mixed Method Research (MMR) design involving elements of qualitative and quantitative research approaches. Although the work is qualitative dominant in historical research methodology, elements of quantitative drives were derived from the data which corroborated findings from the oral interviews and secondary sources from journals, library search, books and other literature. The paper's findings revealed that the banks have positively contributed to job creation and income generation in Ilishan Remo and its environs. The study also discovered that the presence of the banks in the University has led to poverty alleviation through generated funds for business in the community. The study concluded that effective and efficient mobilisation of funds had brought better living conditions to students, staff, and the University community.