FINANCIAL INSTITUTION AND ECONOMIC DEVELOPMENT IN NIGERIA (A CASE STUDY OF AFRI BANK A SABA BRANCH, DELTA STATE)
TABLE OF CONTENTS
1.0 Chapter one:
Introduction 1
Purpose of the study 9
Statement of the problem 10
Theoretical rational 11
Significance of the study 12
Research hypothesis/questions 13
Scope of the study 16
Limitation 16
Definition of terms 18
CHAPTER TWO
2.0 Overview
Problem of economic development in Nigeria. 34
Performance assessment of CBN and other financial Institutions in Economic development 38
Roles of financial institutions 43
Monetary and financial institutions reform 50
Afri bank Plc Asaba Branch (profile) 61
Afri Bank Plc Asaba Branch 63
Afri Bank Asaba Branch (Plc) its contribution to the economic development of Asaba. 72
3.0 Chapter three introduction 77
Selection of population sample 77
Instrument of data collection 78
Source of data 79
Sample used 80
Location of data 81
Statistical test used 81
Techniques of data analysis 82
CHAPTER FOUR
DATA RESEARCH ANALYSIS
Data analysis/interpretation 84
5.0 Summary of findings conclusion 89
Findings 96
Conclusion 99
Recommendations 101
Bibliography 108
CHAPTER ONE
INTRODUCTION
BACKGROUND OF THE STUDY
In her effort to promote sound economic development in Nigeria and in fact, better focus and greater aspiration in the well being of the citizens, the Federal Military Government under one of the former head of state General Ibrahim B. Babangida Created more states in August 1991. Incidentally, Delta State happens to be one of them. As a new state a lot of development projects have to be embarked upon of which financial institutions play a major role in funding these projects. The Nigeria financial institutions as an integral part of the nations financial intermediation mechanization through which the savings of house holds firms, public corporations and the private sector are made available to sorrows at income. The institutions have experienced some far reaching changes in recent times. The coverage of these changes has embraced the institutions which operate in the system and their operational modalities that is the supervisor (Central Bank of Nigeria) and regulations of the system and the set of rules guiding their actions the structure of the system as well as the interrelationships within the structure. Thus the policy framework has witnessed significant changes or general regulations and particularly the organization structure. The principal financial institutions in the Nigeria financial institutions are as follows. The banking financial institutions (BFI) which includes Central Bank of Nigeria (CBN) which is the apex and also serves as Bankers, bank the commercial bank, merchant banks development banks, community banks and people bank.
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