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EVALUATION OF THE IMPACT OF INFORMATION COMMUNICATION TECHNOLOGY ON BANKING EFFICIENCY USING THE TRANCENDENTAL LOGRATHIMIC PRODUCTION FUNCTION AND CAMEL RATING.

The low productivity, profitability and efficiency of many Nigerian banks necessitated the introduction of information technology to grapple with the challenges of the present day banking system. This paper has tried to assess the impact of information communication technology on the efficiency of thirteen commercial banks in Nigeria using the TRANSLOG and the CAMEL rating. Data was collected empirically through questionnaire and archival sources. It was discovered that information technology improved the efficiency of such banks after its adoption. Hence the recommendations made are namely ,increased investment in information communication technology by banks, diversification of software packages for greater operational efficiency supply, more favourable importation policies and encouragement of local industries that are into information technology acquisition, production and assembly by the government to achieve optimal performance and greater utilisation of information technology gadgets.