This study examines the determinants of savings in Nigeria between 1980 -2007, which will enable us to proffer solution for the improvement of savings in the economy, since it is an important component of the economic development of any country. On the basis of available data, the study is of the view that savings output in Nigeria during the period was generally unsatisfactory and discouraging until of late when it was recognized as an important ingredient for growth and development. It was discovered that real GDP per-capita has the highest effect on financial savings in this research work.
The findings of this research work shows that for savings to rise to a significant level in the economy, incentives on savings should be grossly considered by the public, private and government. Savings here refers to the deposit and liabilities acquired by the organized financial institutions including bank and non-bank financial intermediaries. Policy recommended included: strengthening the legal framework of the financial sector, creating and maintaining a stable macroeconomic environment for savings and investment, development of appropriate saving scheme, fostering the development of the money market and the facilitation and establishment of the financial institutions and their branches in the rural areas, as well as the financial instruments and services they offer.
TABLE OF CONTENTS
TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGMENT
ABSTRACT
TABLE OF CONTENTS
CHAPTER ONE
INTRODUCTION
1.1 Background of Study
1.2 Statement of Problems
1.3 Aim of study
1.4 Objectives of the Study
1.5 Statement of Hypothesis
1.6 Significance of the study
1.7 Scope and limitation of the study
CHAPTER TWO
LITERATURE REVIEWS
2.1 Stylized evolution of savings in Nigeria
2.2 Trend of savings in Nigeria
2.3 Theoretical review and Evidence
2.4 Empirical review and Evidence
2.5 Factors influencing savings in Nigeria
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Model Specification
3.2 Method of Evaluation
3.3 Economic Apriori Criteria
3.4 Data Required and Source
CHAPTER FOUR
PRESENTATION OF REGRESSION RESULTS
4.1 ADF Test for Stationary
4.2 Co integration test
4.3 Presentation of model results
4.4 Economic interpretation of results
4.5 Statistical Criteria for Evaluation of Result (R2)
4.6 Econometric criterion (Second order test)
4.7 Evaluation of the hypothesis
CHAPTER FIVE
SUMMARY, RECOMMENDATIONS AND CONCLUSION
5.1 Summary of Findings
5.2 Policy Recommendations
5.3 Conclusion
Bibliography
Appendixes
DETERMINANTS OF SAVINGS IN NIGERIA (1980 – 2007)
ABSTRACT This study examines the determinants of savings in Nigeria between 1980 -2007, which will enable us to proffer solution for the improvement of savings in the economy, since it is an important component of the economic development of any country. On the basis of available data, the study is of the view that savings output in Nigeria during... Continue Reading
DETERMINANTS OF SAVINGS IN NIGERIA (1980 – 2007) ABSTRACT This study examines the determinants of savings in Nigeria between 1980 -2007, which will enable us to proffer solution for the improvement of savings in the economy, since it is an important component of the economic development of any country. On the basis of available data, the... Continue Reading
ABSTRACT This study examines the determinants of savings in Nigeria between 1980 -2007, which will enable us to proffer solution for the improvement of savings in the economy, since it is an important component of the economic development of any country. On the basis of available data, the study is of the view that savings output in Nigeria... Continue Reading
ABSTRACT The research work studied the national savings and Nigerian economic growth, spanning from 1970-2007. The study adopted Ordinary Least Square (OLS) single equation model. Using time series data over the period, the work shows that National Savings is not significant at SY level and it granger causes real gross domestic product. The study... Continue Reading
NATIONAL SAVINGS AND ECONOMIC GROWTH IN NIGERIA (1970-2007) TABLE OF CONTENT Title page i Approval page Dedication Acknowledgement Abstract Table of content CHAPTER ONE Background of the study Statement of the problem Research hypothesis Justification of the study CHAPTER TWO 2.1 Theoretical Literature 2.2 Empirical literature ... Continue Reading
5 ABSTRACT This study investigates the core leading factors that reduce savings in Nigeria between 1980 -2010 using ordinary Least Square (OLS) econometric framework, which will enable us proffer solutions for the improvement of savings in the economy, which is also an important component for economic development in any country. Base on data... Continue Reading
ABSTRACT In recent times there has been growing concern about the rising but volatile rate of investment in Nigeria. This concern stems from the fact that investment play a dominant role in stimulating growth. The study buttress on the overview and empirical analysis into the determinants of investment in Nigeria. In order to achieve the... Continue Reading
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ABSTRACT This study aimed at analyzing through econometric methodology the Determinant of Balance of payment in Nigeria. In the work, we capture balance of payment as the dependent variable while trade openness, external debt service and exchange rate as the explanatory variable. In... Continue Reading
ABSTRACT In recent decades, the potential contribution of agriculture to economic growth has been a subject of much controversy among development economists. While some contend that agricultural development is a pre-condition for industrialization, others strongly disagree and argue for a different path. Taking advantage of Ordinary Least Square... Continue Reading