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)
- Type:Project
- Pages:63
- Format:Microsoft Word
ABSTRACT
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 page ii
Approval page iii
Acknowledgement iv
Table of contents vi
Abstract v
CHAPTER 1: INTRODUCTION
Background of the study 1
Statement of problem 3
The purpose of the study 4
Significance of the Study 5
Scope of the study 6
Research questions 6
Definition of terms 7
CHAPTER 2: LITERATURE OF RELATED LITERATURE
Meaning of bank 8
Brief history and meaning of CBN 10
Objectives and functions of CBN 14
The role of central bank in economic development 20
Regulatory monetary policy of CBN 24
The problems of Nigeria economy 33
CHAPTER 3: RESEARCH METHODOLOGY AND DESIGN
Research design 39
Area for the study 40
Population for the Study 41
Sample and sampling procedure 40
Instrument for data Collection 41
Validity of the Instrument 41
Reliability of the Instrument 42
Method of data Administration of the Instrument 42
Method of Data Analysis 42
CHAPTER 4: PRESENTATION AND ANALYSIS OF DATA
Presentation and analysis of data 43
CHAPTER 5: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION
Summary of findings 51
Recommendation 52
Limitations of the study 54
Reference 56
Appendix 61
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