MONETARY POLICY AND ITS IMPACT IN NIGERIA FINANCIAL INSTITUTION [A CASE STUDY OF AFRI BANK ILORIN KWARA STATE]

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TABLE OF CONTENTS

Title Page

Certification

Dedication

Acknowledgement

Table of content

CHAPTER ONE: INTRODUCTION

1..1  BACKGROUND OF THE STUDY

1.2   STATEMENT OF THE PROBELWM

1.3   RESEARCH QUESTION

1.4   SIGNFICANCE OF THE STUDY

1.5   SCOPE OF THE STUDY

1.6   LIMITATIONS OF THE STUDY

CHAPTER TWO: LITERATURE REVIEW

2.0   INTRODUCTION

2.1 OBJECTIVES AND OPERATION OF MONETARY POLICY IN NIGERIA

2.3   INSTRUMENT OF MONETARY POLICY

2.4 IMPACT OF MONETARY POLICY IN NIGERIA FINANCIAL INSTITUTIONS

 CHAPTER THREE: RESEARCH METHODOLOGY

3.0   INTRODUCTION

3.1   HISTORICAL BACKGROND OF THE CASE STUDY

3.2   RESEARCH DESIGN

3.3   STUDY POPULATION

3.4   SAMPLE AND SAMPLING TECHNIWQUES

3.5   DATA COLLECTION INSTRUMENT

3.6   METHOD OF DATA COLLECTION

3.7   METHOD OF DTAT ANALYSIS

3.8   LIMITATIONS OF THE METHODOLOGY

CHAPTER FOUR:  DATA PRESENTATION ANALYSIS AND INTERPRETATION

4.0   INTRODUCTION

4.1   DATA PRESENTATION

4.2   DATA ANALYSIS AND INTERPRETATION

4.3   DISCUSSION OF FINDINGS

CHAPTER FIVE: SUMMARY, CONCLUSIONS AND RECOMMENDATIONS

5.0   A BRIEF INTRODUCTION OF THE CHAPTER

5.1   SUMMARY OF THE WHOLE STUDY

5.2   SUMMARY OF FINDINGS

5.3   CONCLUSION

5.4   RECOMMENDATIONS

BILIOGRAPHY

APPENDIX: QUESTIONNAIRE

CHAPTER ONE: INTRODUCTION

1.1   BACKGROUND OF THE STUDY

Few years ago, Nigeria economy undergone different macroeconomic problem which are characterized by slow down in an economic activities increase in the rate of unemployment intensified exchange rate having a persist increase in the general price level of goods and services and government deficit financing which has also been identified as major factor which lead to macro economic problems.

There are different macroeconomic policies which are monetary policy and fiscal policy. One of the functions of central bank was the formation of monetary policy and also choose different monetary instrument to be applied in an economy for effective utilization of stock of money in circulation. The central bank also control commercial banks and other financial institution to create credit by varying liquid reserve ratio and by influencing the interest rate through open market operations (OMO)

From the above explanation monetary policy can now be defined as ” A deliberate action taken by monetary authorities to change the domestic stock of money supply or it refers to the combinations of different measure design to regulate the value, supply and cost of money in an economy” monetary policy can be expansion to contraction in nature, the expansion means decrease in stock of money in circulation. Monetary policy is very important in an economy because without it economic growth economic development will not be ascertained. Therefore, the Central Bank of Nigeria(CBN) should make conscious effort toward the control of other financial institution for the economy to maintain growth and development through the monetary policy.                

1.2   STATEMENT OF THE PROBLEM

The focus of this research was based on monetary policy and its impact in Nigeria financial institution using AfriBank of Ilorin Kwara State as a case study. In the course of the research’ answers will be provided to the following research question;

1.     What is the historical background of Afribank Ilorin Kwara State?

2.     What is the meaning of monetary policy?

3.     What are likely instruments of monetary policy?

4.     What the various objectives of monetary policy?

5.     What is the impact of monetary policy in Nigeria financial institutions?

6.     How do CBN and government of the country operate monetary policy in Nigeria?

MONETARY POLICY AND ITS IMPACT IN NIGERIA FINANCIAL INSTITUTION [A CASE STUDY OF AFRI BANK ILORIN KWARA STATE]