The Role of Financial Institution in a Developing Economy

The Role of Financial Institution in a Developing Economy.

ABSTRACT

Contribution of a financial institution is not just for more development, but also grow the economy of Nigeria. This is because the commercial bank attitude to the public is quiet

However, this study is aimed at identifying the contribution of a financial institution in Nigerian economy, also to decimate its problem and prospects in Nigeria economy. This study also focused attention to extent the commercials banks has adopted the use of capital asset and knowing the effect and efficiently.

Moreover, it focus is also direct to general operation of a https://innaija.com.ng/profile/high-net-worth-individuals-that-you-never-imagined/financial institution in Nigeria particularly, commercial banks.

The research on the financial institutions in agricultural development in Nigeria” A case study of GTB Plc was necessitated by the fact that the agriculture development has been on issue of great concern in Nigeria.

TABLE OF CONTENT

TITLE PAGE  i

CERTIFICATION         ii

DEDICATION   iii

ACKNOWLEDGEMENT   iv

ABSTRACT v

CHAPTER ONE

1.0       INTRODUCTION      1

1.1       BACKGROUND OF THE STUDY  1

1.2       STATEMENT OF THE PROBLEM         2

1.3       SIGNIFICANCE OF THE STUDY  2

1.4       OBJECTIVE OF THE STUDY      3

1.5       SCOPE OF THE STUDY   3

1.6       RESEARCH QUESTIONS    3

1.7       HYPOTHESIS OF THE STUDY     4

1.8       LIMITATION OF THE STUDY        4

1.9       OPERATIONAL DEFINITION OF TERMS      4

1.10    CASE STUDY OF HISTORICAL BACKGROUND     5

CHAPTER TWO

2.0       LITERATURE REVIEW         8

2.1       THEORETICAL LITERATURE      8

2.2            HISTORICAL BACKGROUND     10

2.3       THE ROLE OF COMMERCIAL BANK    11

2.4       COMMERCIAL BANKING IN NIGERIA 13

2.5       EMPIRICAL LITERATURE      15

CHAPTER THREE

3.0       RESEARCH METHODOLOGY      20

3.1       INTRODUCTION       20

3.2       RESEARCH DESIGN     20

3.3       RESTATEMENT OF RESEARCH QUESTION 20

3.4       POPULATION OF THE STUDY 20

3.5       SAMPLING DESIGN AND SAMPLE SIZE  21

3.6       DATA COLLECTION INSTRUMENTS   22

3.7       VALIDITY OF THE RESEACH INSTRUMENT   22

3.8       RELIABILITY OF THE RESEARCH INSTRUMENT      23

3,8       METHOD OF DATA ANALYSIS     23

3.0       LIMITATIONS OF THE METHOLODY  23

CHAPTER FOUR                          

4.0       DATA ANALYSIS AND PRESENTATION OF RESULT         24

4.1       INTRODUCTION     35

4.2       PRESENTATION OF DATA      36

4.3       ANALYSIS OF RESPONSE      33

4.4       HYPOTHESIS TESTING

CHAPTER FIVE

5.0       SUMMARY, CONCLUSION AND RECOMMENDATION  34

5.1       SUMMARY         34

5.2       RECOMMENDATION     34

5.3       CONCLUSION   36

REFERENCES            37

QUESTIONNAIRE       38

INTRODUCTION

The idea of establishing financing institutions was mooted soon after the establishment of the central bank of Nigeria on first july1959, after the bank failures of the early 1950’s.

At this stage, it became obvious that there was an urgent need to establish financial institutions capable of providing medium and long-term capital to full up the serious gaps in the financing system of the economy.

In view of the dwindling position of the economy the government has at various times tried to correct through monetary and fiscal policies the downward movement s of the economy as well as to place the economy on a path of meaningful development.

REFERENCES

Adid, A. (1997). Commercial banks and economic development, the experience of eastern Africa, Newton; praeger.
Agu, C.C (1984).  The role of commercial banks in mobilization and allocation of resources for development in Nigeria savings and development journal 2
Anyanwu J.C (1997). The structure of Nigerian economy,Onitsha, Jounal education publishers Ltd.
Barniger, C. (1999). Indigenous savings and credit societies in the third world; San Diego,Califonia.