ABSTRACT
This research work was undertaken to find the expected impact of OMO are the reduction of unemployment associated with price level stability. The prospect of Omo was also to find whether or not the production omo reduce inflationary rate, economic growth and others such as exchange rate stability and balance of payment equilibrium. To guide this study, four questions a review of literature was evolved to broaden the research knowledge on what others have already done in the monetary authority adopted open market operation of Omo as the only instrument of monetary policy in Nigeria. This will make its implementation to be more effective. These should be a high degree of commitment and seriousness on the part of the official staff of the monetary authority as regards the implementation of the contents, directive of omo in Nigeria. The data collected were critically analyzed in chapter four, findings, were summarized in chapter five, conclusion and recommendations were made. The objectives of omo had been achieved in the Nigeria economy to a certain degree as it reduced unemployment and make price level stable, economic growth as well as exchange rate stability.
PROPOSAL
Project topic “An evaluation of the effectiveness of open market operation as a monetary control instrument in Nigeria by central bank of Nigeria. This topic is made up of 5 chapters. Chapter 1 is consists of the introduction, statement of the problem, purpose and its significance. Chapter two talks about literature review which comprises of some textbook, inertness ands newspaper, whole chapter three talks about the research method and sampling method. Moreover, chapter four deals with the analysis of data or data analysis which shows the clear practical work of the project. Finally, recommendation of the conclusion, findings, recommendation of the effectives of open market operation as a monetary control instrument by central bank of Nigeria.
TABLE OF CONTENTS
Title page ii
Approval Page iii
Acknowledgement iv
Dedicated v
Abstract vi
Proposal vii
Table of Contents viii
CHAPTER ONE
1.0 Introduction
1.1 Background of the study 1
1.2 Statement of the problem 3
1.3 Purpose/ Objective of the study 4
1.4 Research Question 5
1.5 Research Hypothesis 5
1.6 Significance of the study 7
1.7 Scope Limitation and Delimitation 7
1.8 Definition of term 7
CHAPTER TWO
2.0 Literature Review 9
2.1 Open Market Operation 10
2.2 The Major Participation in the Open Market in Nigeria 12
2.3 Institution al Arrangement for the Implementation OMO in Nigeria 14
2.4 An Examination of the Operational Procedure 16
2.5 Some of the Instrument of Omo in Nigeria 18
2.6 The Expected Impact of Omo in Nigeria 25
CHAPTER THREE
3.0 Research Methodology 27
3.1 Area of Study 27
3.2 Population of the study 28
3.3 Sample and Sampling Techniques 29
3.4 Instrument of Data Collection 31
3.5 Method of Data Presentation 32
3.6 Method of Data Analysis 33
References
CHAPTER FOUR
4.0 Data presentation and Interpretation
4.1 Data Presentation 35
4.2 Testing of Hypothesis 38
Reference
CHAPTER FIVE
5.0 Summary of Findings, Recommendation and Conclusion
5.1 Findings 42
5.2 Recommendation 44
5.3 Conclusion 45
Bibliography
Appendix
Questionnaire
