This paper examined loan syndication in Nigeria, focusing on challenges and prospects. The paper highlights
parties to loan syndication and the contribution of a syndicated loan to the economic growth of Nigeria as well
as the problems and challenges of a syndicated loan. The paper recommends setting up a loan syndication unit
in the corporate finance department of banks with well-trained staff in Accounting and Marketing to strengthen
the unit for efficient service to the borrowing public.
Keywords: Loan syndication, Economic Growth and Corporate Finance