THE ROLE OF CENTRAL BANK OF NIGERIA IN THE REGULATION OF NIGERIA ECONOMY THROUGH MONETARY POLICY (A CASE STUDY OF CENTRAL BANK OF NIGERIA ENUGU BRANCH)
THE ROLE OF CENTRAL BANK OF NIGERIA IN THE REGULATION OF NIGERIA ECONOMY THROUGH MONETARY POLICY (A CASE STUDY OF CENTRAL BANK OF NIGERIA ENUGU BRANCH)
The study was done to ascertain the role of Central Bank of Nigeria plays in the regulation of Nigerian economy using the monetary policy. Among the goals of economic stabilization the most important is to achieve full employment, price stability, balance of payments and exchange rate stability, hence the regulation of the economy using monetary policy. To solve the research problem, primary and secondary data were collected. The research instrument used in collecting the data were the questionnaires and oral interview. The respondents comprised of the top business executions both private and public servants. The population of the study and the population sample is 100 and 80 respectively. The researcher employed statistical techniques of simple percentage frequency to analyze the data collected. The researcher’s findings showed that while monetary policy has been vital tool used by the Central Bank of Nigeria to regulate the economy, some hindrances still arise as a result of some variables such as socio-political problems. However, the researcher is of the view that the Government, the Central Bank of Nigeria and other relevant monetary authority are able to come up with some policies such as fiscal policies to augment the monetary policy, the Nigerian economy will surely be best managed.
TABLE OF CONTENTS
Title pageii
Approval pageiii
Acknowledgementiv
Table of contentsvi
Abstractv
CHAPTER 1: INTRODUCTION
Background of the study1
Statement of problem3
The purpose of the study4
Significance of the Study5
Scope of the study6
Research questions6
Definition of terms7
CHAPTER 2: LITERATURE OF RELATED LITERATURE
Meaning of bank8
Brief history and meaning of CBN10
Objectives and functions of CBN14
The role of central bank in economic development20
Regulatory monetary policy of CBN24
The problems of Nigeria economy33
CHAPTER 3: RESEARCH METHODOLOGY AND DESIGN
Research design39
Area for the study40
Population for the Study41
Sample and sampling procedure40
Instrument for data Collection41
Validity of the Instrument41
Reliability of the Instrument42
Method of data Administration of the Instrument42
Method of Data Analysis42
CHAPTER 4: PRESENTATION AND ANALYSIS OF DATA
Presentation and analysis of data43
CHAPTER 5: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION
Summary of findings51
Recommendation52
Limitations of the study54
Reference56
Appendix61
THE ROLE OF CENTRAL BANK OF NIGERIA IN THE REGULATION OF NIGERIA ECONOMY THROUGH MONETARY POLICY (A CASE STUDY OF CENTRAL BANK OF NIGERIA ENUGU BRANCH)
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