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Abstract
Commercial banks face various risks that can impact their financial stability and profitability. Some of these risks and risks assessment considerations are credit risk, market risk, operational risk, liquidity risk and regulatory risk. Risk assessment process comprises of risk identification, risk analysis, risk evaluation, risk mitigation and risk monitoring. Commercial banks play crucial roles in the facilitation of private investment by providing various financial services and products. Commercial banks support private investment in the following ways. Provision of loans and credit facilities, brokerage services, provision of financial planning services, portfolio management services, investment advice, etc. Furthermore, commercial banks play a vital role in Nigeria’s economic growth by providing essential financial services that stimulate investment, productivity and development. These they seek to achieve by mobilizing savings, providing capital, facilitating trade, encouraging investment and offering managerial advice. Commercial banks have contributed to Nigeria’s economic growth by increasing access to capital, improving financial intermediation and enhancing economic efficiency. Also, they support the development of various sectors, including agriculture, manufacturing and services, which are crucial for Nigeria’s economic diversification. The objectives of this research include to unravel the commercial banks assessment risks, to examine the commercial banks private investment, to identify the contributions of the commercial banks to economic growth in Nigeria and to proffer nations to the challenges commercial banks encounter in fostering economic growth in Nigeria. The research questions on the other hand, consist of what the commercial banks assessment risks are, whether commercial banks engage in private investment or not, whether commercial banks contribute to economic growth in Nigeria or not and finally it is used at verifying if there are solutions to the challenges commercial banks face as they strive to foster economic growth in Nigeria. The methodology used is the combination of quantitative and qualitative methods of data collection and analysis. The recommendations consist of risk assessment recommendations, private investment recommendations and regulating recommendations. Above all, this work is highly recommended for scholars in the fields of economics, business, finance and banking as a result of wealth of knowledge it embodies. In conclusion, commercial banks in Nigeria play a crucial role in the country’s economy. Their risk assessment private investment and contribution to economic growth are essential for sustainable development. Key notes: Risk Assessment, Finance, Commercial banks, Private investment, Economic growth.