EVALUATION OF CONTRIBUTION OF COMMERCIAL BANK TO THE ECONOMIC DEVELOPMENT OF NIGERIA
ABSTRACT
This study is conducted on an Assessment of Contribution of Commercial Banks in the Economic Development of Nigeria. The concept is also on eye opener to the society and business as well. The research was carried out by means of questionnaires and oral interview with the official/staff of the bank selected on which the following questions that need to be tested are based on the contribution of commercial bank to the economic development. In this research some relevant hypotheses have been formulated and their validity has been proven by the findings and analysis of relevant data obtained. It is hope that this study will give the readers, the societies and business world as a whole the need for effective understanding of the concept in order to achieve a sound atmosphere between the society and organization.
CHAPTER ONE
1.1 BACKGROUND OF THE STUDY
Nigeria as a nation is characterized by a developing economy due to the fact that the various sectors responsible for economic development are not optimally utilized as a result of which we have not being able to tap fully the natural resources that Nigeria is blessed with as it could increase our national earnings leading to an increase in per capita income instead. We have a reverse situation were there is low per capital income. Low standard of living increase in the level of insecurity etc. The first task every government put in its table of priority is economic development. Nigeria among other nations of the world is not excluded. In order to keep the development of the country in progress Bank plays a pivotal role especially the commercial banks. It is of importance to not that of this point the bedrock of every economy is the banking sector, of which the commercial bank is a leading pace.