FINANCIAL INSTITUTION AND ECONOMIC DEVELOPMENT IN NIGERIA (A CASE STUDY OF AFRI BANK A SABA BRANCH, DELTA STATE)
PROPOSAL:This research work is set up to ascertain help extent which financial institutions will help towards economic development of Nigeria with a particular focus on Afri Bank Plc Asaba in Delta State.The purpose of this study is to examine the role of financial institutions in economic development that is to say. Effort should be made so that financial institution can extend their services to the rural areas by establishing more branches in the rural communities to increase for mobilization and award lending to investors. This research is divided into five (5) chapters each chapter dealing in the particular aspect of the study.
Chapter one (1) deals with the introduction, the purpose, significance of the study, statement of the problems, research hypothesis definition and scope of the study in details.
Chapter two (2) will commence with the look at the literature review chapter three (3) will discuss or emphasize on the method that will be use in collecting data that is relevant for this research also a coverage and samples of the project work will be highlighted. The method of data analysis and hypothesis will conclude this chapter four (4) will show how the data collected will be presented during the course it this work. Chapter five (5) shows the summarize of all the findings, giving appropriate recommendation and conclusion based on the findings. The project work will give a clear view of the research carried out.
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 22
- 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.
