THE ROLE OF CENTRAL BANK IN THE DEVELOPMENT OF NIGERIA ECONOMY (A CASE STUDY OF CENTRAL BANK OF NIGERIA)


THE ROLE OF CENTRAL BANK IN THE DEVELOPMENT OF NIGERIA ECONOMY (A CASE STUDY OF CENTRAL BANK OF NIGERIA)  

ABSTRACT

This project work is to study in-depth the role of the central bank in the development of Nigeria's economy and its dividing into five chapters as follows. Chapter one, introduction to the study, the purpose of the study, research methodology,  traces the background of the central bank of Nigeria purpose, scope, aims, and objective and significance of the study. Chapter two deals with the review of related literature, here documented information about the subject matter is deal with example are the stages in the role of central bank problems and solutions prospects, etc. chapter three is concerned with top management, middle management in the bank. And also the primary instrument to collect information and the pilot study which will use in this research methodology so as to ascertain its validity and reliability. And the historical background of the organization with the questionnaire. Chapter four deals with findings, exclusively with data presentation and analysis with the testing hypothesis. Chapter five deals with a summary, recommendation, and conclusion. 

 TABLE OF CONTENT

Title i

Certification ii

Dedication iii

Acknowledgement iv

Abstract v

Table of contents vi - vii

CHAPTER ONE        

1.0 Introduction 1

1.1 Statement of the problem 1

1.2 Statement of hypothesis 2

1.3 Objective of the study 2

1.4 Significance of the study 2

1.5 Scope of the study 2

1.6 Historical background of central bank of Nigeria 3

1.7 Definition of terms 4

CHAPTER TWO

2.0 Review of literature 5

2.1 Definition of bank and banking 5

2.2 The origin of money 5

2.3 The origin of banking 6

2.4 The emergence of British bank for West African major 

function and management      7 

2.5 Central bank of Nigeria brief 2012 series 7 

2.6 Ordinances setting up of the central of Nigeria 8 

2.7 Central bank as an apex bank 8

2.8 Central bank in Nigeria 10

2.9 Prospects in the economy development of Nigeria 10

2.10 Central bank of Nigeria and foreign exchange 10

2.11 Effects of central bank in economic development of Nigeria      11

2.12 Monetary policy application in economic development of Nigeria 12

CHAPTER THREE 

3.0 Research methodology 14 

3.1 Introduction 14

3.2 Population size 14

3.3 Sampling size 14

3.4 Method of data collection 14

3.5 Sources of data collection 15

3.6 Data analysis techniques 15

3.7 Limitation of data collection 15

CHAPTER FOUR 

4.0 Data presentation and analysis 16

4.1 Introduction 16

4.2 Presentation and analysis of data 16

4.3 Response of personal interview 21

4.4 Testing of hypothesis 21

CHAPTER FIVE 

5.0 Summary, conclusion and recommendation 24

5.1 Summary 24

5.2 Conclusion 24

5.3 Recommendations 24 

References26 

Appendix27         

CHAPTER ONE

1.0       INTRODUCTION

A country's economic development depends on its industrialization process; this can be done by giving priority to certain areas of the economy such as Banking, Agriculture Housing, and Industry because these have contributed immensely to because to the development of any nation.

This led to the establishment of the Central Bank of Nigeria by the government which specified responsibility is to provide the basic ingredient for rapid economic development.

The Central Bank of Nigeria exists to speed up the country's economic development control. The task of economic development and economic growth shall be paramount as such we need to harness all available resources and means towards economic development and growth.

One of the major objectives of the past and the present Nigerian government is therefore for a country to have a stable economy and attain economic growth. One of these vehicles that can be used to achieve these is the role played by the central bank on the economy of the nation.

In Nigeria, the central bank undertakes functions on both types of institutions especially the banks through the application of various and regulatory measures. The subject of this study dealing as it does on those relationships is there tropical and will address a number of many issues on monetary, banking policy, and economic development. In the analysis of the study, some findings and recommendations were given to the banks and financial institutions with moral support.

The researcher concluded by saying that the Central Bank of Nigeria played important role in the economic development of Nigeria.

1.1       STATEMENT OF PROBLEM                  

The researcher wishes to find out the problems encountered by the Centre Bank of Nigeria; in the economic development of Nigeria as follows:

    The challenges facing the Central Bank of Nigeria are not just the conventional responsibilities of controlling the nation’s total money supply or implementing the country’s monetary policy and interest rates.      

    By regulating and supervising the banking industry as a whole the Central Bank of Nigeria is also involved in ensuring effective corporate governance, fostering systemic stability that should maintain public trust and overall confidence in the banking system.

    Poor exporting primary good

    Poor agricultural productivity in Nigeria

All the above problems are the reason why the Central Bank of Nigeria fails to achieve its aim and objective

1.2       STATEMENT OF HYPOTHESIS

The Hypothesis is:

Ho: The role played by the Central Bank of Nigeria in the development of the Nigeria economy Nigeria does not reduce unemployment in Nigeria  

Hi: The role played by the Central Bank of Nigeria in the development of the Nigerian economy reduces unemployment in Nigeria.  

1.3       OBJECTIVE OF THE STUDY

The objective of this study includes:

    To critically analyze the Central Bank of Nigeria as regards the contribution on various ways the economic development of Nigeria.

    To study the measure taken by the Central Bank of Nigeria to control foreign exchange

    To critically identify the role of the Central Bank of Nigeria in internal trade

    To examine how the Central Bank of Nigeria serves as an apex and how it controls its bank through its numerous monetary instruments impact of the Central Bank of Nigeria roles in Nigeria economic development.

    To critically identify the role of the Central Bank of Nigeria in international trade

    To examine how the Central Bank of Nigeria serves as an apex and how it controls them through its numerous monetary instrument                  

1.4       SIGNIFICANCE OF THE STUDY    

The gains to be derived from this study cannot be over-emphasized about the performances or the other financial for the development of the country. The operational problem of the central bank of Nigeria sensitized people the misconception held by the bank and other government can be exposed by the study.

The research would also be a source of information for bank investors and educationist.

1.5        SCOPE OF THE STUDY

The project shall actually concern the entire role of the central bank of Nigeria in the nation's development. It takes a broad view of the various aspect of the role and function of the Central Bank of Nigeria, it also looks at its position in banking, industry and various roles of the central bank of Nigeria as the primary function,  function banking habits and its system with its role in foreign trade insurance.

Finally, the study will consider the importance of the current measure of the Central Bank of Nigeria toward cutting down the rate of inflation in Nigeria.

.


TYPE IN YOUR TOPIC AND CLICK SEARCH.






RESEARCHWAP.COM

Researchwap.com is an online repository for free project topics and research materials, articles and custom writing of research works. We’re an online resource centre that provides a vast database for students to access numerous research project topics and materials. Researchwap.com guides and assist Postgraduate, Undergraduate and Final Year Students with well researched and quality project topics, topic ideas, research guides and project materials. We’re reliable and trustworthy, and we really understand what is called “time factor”, that is why we’ve simplified the process so that students can get their research projects ready on time. Our platform provides more educational services, such as hiring a writer, research analysis, and software for computer science research and we also seriously adhere to a timely delivery.

TESTIMONIES FROM OUR CLIENTS


Please feel free to carefully review some written and captured responses from our satisfied clients.

  • "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"

    Hilary Yusuf, United States International University Africa, Nairobi, Kenya.
  • "Researchwap.com is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "researchwap.com" and God bless you and your business! ."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."

    Sampson, University of Nigeria, Nsukka.
  • "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."

    Cynthia, Akwa Ibom State University .
  • "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."

    Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.
  • "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."

    Elizabeth, Obafemi Awolowo University
  • "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."

    Ali Olanrewaju, Lagos State University.
  • "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"

    Willie Ekereobong, University of Port Harcourt.
  • "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 3k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"

    Theressa, Igbinedion University.
  • "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."

    Joseph, Abia state Polytechnic.
  • "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"

    Christiana, Landmark University .
  • "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."

    Musa, Federal University of Technology Minna
  • "I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."

    Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.
  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.

    Thank you for choosing researchwap.com.