True we should not be afraid of foreign banks coming into Nigeria but right now the financial giant have messed up their ecomony and looking for who will bail them out,they are seeking greener patures in the emerging markets and the BRIC region to help them stabilise their operations as well ad diversify their operations , so the question is are we dumping groung always the last resort and a sort of bail out.

I strongly believe that we should not be in a hurry to open our doors to foreign banks even with all the massive benefits it will bring to us what we should do is develop our banking system to be able to compete with these big foreign banks before opening our doors to them so that they do not snuff out our banking system.

We would do well to follow the Asian nations develop our self to be able to be in an advantageous position when we do open our doors to the foreign banks.