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Product Category: Projects
Product Code: 00001589
No of Pages: 47
No of Chapters: 5
File Format: Microsoft Word
Price :
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ABSTRACT
This project work is to study in depth the role of central
bank in the development of
TABLE OF CONTENT
Title i
Certification ii
Dedication iii
Acknowledgement iv
Abstract v
Table of
contents vi
- vii
CHAPTER ONE
1.0 Introduction
1
1.1 Statement
of the problem 1
1.2 Statement
of hypothesis 2
1.3 Objective
of the study 2
1.4 Significance
of the study 2
1.5 Scope
of the study 2
1.6 Historical
background of central bank of
1.7 Definition
of terms 4
CHAPTER TWO
2.0 Review
of literature 5
2.1 Definition
of bank and banking 5
2.2 The
origin of money 5
2.3 The
origin of banking 6
2.4 The
emergence of British bank for West African major
function and
management 7
2.5 Central
bank of
2.6 Ordinances
setting up of the central of
2.7 Central
bank as an apex bank 8
2.8 Central
bank in
2.9 Prospects
in the economy development of
2.10 Central bank of
2.11 Effects of central bank in economic development of
2.12 Monetary policy application in economic development of
CHAPTER THREE
3.0 Research
methodology 14
3.1 Introduction
14
3.2 Population
size 14
3.3 Sampling
size 14
3.4 Method
of data collection 14
3.5 Sources
of data collection 15
3.6 Data
analysis techniques 15
3.7 Limitation
of data collection 15
CHAPTER FOUR
4.0 Data
presentation and analysis 16
4.1 Introduction
16
4.2 Presentation
and analysis of data 16
4.3 Response
of personal interview 21
4.4 Testing
of hypothesis 21
CHAPTER FIVE
5.0 Summary,
conclusion and recommendation 24
5.1 Summary
24
5.2 Conclusion
24
5.3 Recommendations 24
References 26
Appendix 27
CHAPTER ONE
1.0 INTRODUCTION
A country economic development depends on its industrialization process;
this can be done by giving priority to certain areas of the economy such as
Banking, Agriculture Housing and Industry because these have contributed
immensely to because to the development of any nation.
This led to the establishment of Central Bank of
Central Bank of
One of the major objectives of the past and present
In
The researcher concluded by saying that the Central Bank of
1.1 STATEMENT
OF PROBLEM
The researcher wish to find out the problems encounter by the Centre Bank
of
a.
The challenges facing the Central Bank of
b.
By regulating and supervising the banking industry as a
whole the Central Bank of
c.
Poor exporting primary good
d.
Poor agricultural productivity in
All the above problems are the reason why the Central Bank of
1.2 STATEMENT
OF HYPOTHESIS
The Hypothesis is:
Ho: The role played by Central Bank of
Hi: The role played by Central Bank of
1.3 OBJECTIVE
OF THE STUDY
Objective of this study includes:
a.
To critically analyze the Central Bank of
b.
To study the measure taken by the Central Bank of
c.
To critically identify the role of Central Bank of
d.
To examine how Central Bank of Nigeria serves as an
apex and how it control their bank through it numerous monetary instruments
impact of the Central Bank of Nigeria roles in Nigeria economic development.
e.
To critically identify the role of Central Bank of
f.
To examine how Central Bank of
1.4 SIGNIFICANCE
OF THE STUDY
The gains to be derived from this study cannot be over emphasized about
the performances or the other financial for the development of the country. The
operational problem of central bank of
The research would also be a source of information for bank investor and
educationist.
1.5
SCOPE OF THE STUDY
The project shall actually concern the entire role of the central bank of
Finally, the study will consider the importance of the current measure of
the Central Bank of
1.6 HISTORICAL
BACKGROUND OF CENTRAL BANK OF
The background lies in the characteristics and different monetary systems
which recedes it this was the West African Currency Board (WACD)
The WACB was established in 1912, following the recommendation of the
eminent communities appointed by the British Colonial Authorities to study ways
and means of dealing with basic necessities, one of way financing the need of
the African and the other was the eradication of the confused.
In convenient and unsatisfactory currency position in British West
African, in colonial office memorandum of 12th December, 1912
although they underwent a series of amendment in 1915, 1923 and 1947 the
regulation were designed to issued a West African Currency Government might
share in the profit of the currency issued. In effect the WACB was changed with
four main functions.
a.
Issue of the West African countries
b.
It exchanges for existing currencies
c.
The expatriation of its existing currencies
d.
The investment of its reserve
The history of central bank of Nigeria it was established by the Central
Bank of Nigeria Act of 1958 and commenced operation on July 1, 1987
The major regulatory objectives of the bank as stated in the Central Bank
of
The bank soon became involved in lending directly to consumer,
contravening its original intention to work through commercial banks in
activities involving consumer lending. However, the policy was an offspring of
the indigenization policy at the time. Nevertheless, the government through the
central bank has been actively involved in building the nation’s money and
equity centers forming securities regulatory board and introducing treasury
instruments into the capital market.
The WACB rigorously discharge those functions however, it was characterized
by three elements falls partly of local currency with starting coverage, these
characteristics is straight and according to them, the system had advantages
for Nigeria to detect but the detect where neither small nor have little
practical application
In the first place, the currencies issued were not an expatriate sterling
a dependent currency in all British pounds.
Beside its automatic link worth starting of the British pounds indeed
wherever its virtues had no room for monetary management. Another short coming
of the WACB it did nothing to the African in the acts of monetary management or
develops indigenous banks and their financial institutions.
Finally because the WACB invested all its reserves in oversea
1.7 DEFINITION
OF TERM
To successfully carryout the write up of this project, it would be
necessary to define certain basic concepts.
A bank: This is a financial institution
duly incorporated under the company and allied matter decree not being carried
out there in
Central Bank: This is a financial
institution set up by government to cater for keeping of government money and
issuing of currencies and overall direct flow in and out of the money in
circulation.
Economics: This is the scientific study
of people and their institutions and consuming goods and services and how they
face the problem of making resources.
Expatriate Banks: These are foreign
banks operating in the country they provide service to Nigerians but their
ownership belong to the foreigners.
Currency: This is the system of money
that country uses example, naira and kobo are being used in
Legal Tender: This is the currency that
is backed up law to be used as medium of exchanged settlement of debt, unit of
account and measure of value etc.
Monetary policies: These are policies designed to control the quality price and direction of money supply in pursuit of national economic goals.
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