When an economy is said to be depressed, it simply means that all the reasonable percentage of such economic activities are less active. Poor standard of living becomes order of the day of such economy because it is characterized by low per capita income.
In a depressed economy, anti-social activities are increased as a result of unemployment and lack of financial support to those that want to go school. Also in such economy, agricultural sector will not be financed and for that reason there would be poor agricultural yield. Government find it difficult to provide social infrastructures for individual and deficit budgeting becomes every year experience.
In an economy like that commercial banks role cannot be over stated. The commercial banks are expected to play a role in such economy to enhance its economic activities by loaning to individuals so as to encourage them to invest, so that through their investments they will have an income to save and do other things to help life.
1.1 BACKGROUND OF THE STDY:
Looking at the increase in low standard of living as a result of less active of economical activities of the country, I can say that commercial banks have a need to be an instrument to help for advancement of such economy. So to wipe off the economical depression; the commercial bank has a lot of contribute as the quest for economic development of such economy needed.
THE ROLE OF COMMERCIAL BANKS IN A DEPRESSED ECONOMY.
TABLE OF CONTENTS Title page Approval page Dedication Acknowledgement CHAPTER 1.0 Introduction 1.1 Background of the study 1.2 Statement of the study 1.3 Objective of the study 1.4 Rationale / Research Question 1.5 Significance of the study 1.6 Scope of the study 1.7 Assumption of the study 1.8 Justification of the study CHAPTER TWO 2.0 Review of... Continue Reading
ABSTRACT Section 2 of the Bills of Exchange Act 1882 provides that â€œIn this Act, unless the context otherwise requires â€˜bankersâ€™ includes a body of person, whether incorporated or not, who carry on the business of bankingâ€. Business of banking according to Hillsburghâ€™s law of England, â€˜is the receipt of money... Continue Reading
ABSTRACT The depress in Nigeria economy and the role of auditors has played to revamp the economy is a concern to all. This particular study therefore studied the whole phenomenon of depress as to the causes procedures for classifying the economy as depressed and them evaluating critically the roles plays by the auditors. After evaluating all... Continue Reading
INTRODUCTION 1.1 BACKGROUND OF THE STUDY Agriculture, man’s oldest profession which used to be Nigeria’s Chief foreign exchange earner, has been neglected over the years because of the discovery of oil. This factor has led to the disappearance of most mineral resources in the country like the groundnut pyramind of the north, the cocoa sacks of... Continue Reading
THE ROLE OF AUDITORS IN A DEPRESSED ECONOMY (A CASE STUDY OF UBA PLC,) ABSTRACT The depress in Nigeria economy and the role of auditors has played to revamp the economy is a concern to all. This particular study therefore studied the whole phenomenon of depress as to the causes procedures for classifying the economy as depressed and them... Continue Reading
ABSTRACT The Study investigated the role of financial institutions in a depressed economy. The objective is to find out whether the role of financial institutions is improving the growth and development of Nigeria economy, to know what the government doing to maintain or encourage the financial institutions in a depressed economy. We tested two... Continue Reading
TH : A CASE STUDY OF EDO STATE ECONOMY ABSTRACT This project work was about the role of community banking on the economy of Nigeria: a case study of Edo State. In undertaking this project work research questions were administered to both respondents and staff of the bank. From the study it was... Continue Reading
ABSTRACT Banking is in the midst of change that has arisen due to economic depression. As government seek to improve economic efficiency and better allocation of resources to solve the problem of economic depression, policy makers are shifting towards openness, competitiveness and market discipline. In response to the developments, Deposit Money... Continue Reading
TABLE OF CONTENTS ABSTRACT Banking is in the midst of change that has arisen due to economic depression. As government seek to improve economic efficiency and better allocation of resources to solve the problem of economic depression, policy makers are shifting towards openness, competitiveness and market discipline. In response to the... Continue Reading
INTRODUCTION The practice of banking and financing in Nigeria is culturally rooted and dates back several centuries ago. In the 1940s, the traditional financial institutions provide access to credit for rural and urban low- income earners. They are mainly of the Informal Self Help Groups (SHGS) or Rotating Savings and Credit Associations (ROSCAs)... Continue Reading