SAVINGS MOBILIZATION FOR ECONOMIC DEVELOPMENT IN NIGERIA BANKING INDUSTRY (1990 TO 2004)

The research was based on the topic “mobilizing Domestics savings for economic growth and development in the banking industry. (A case study of Union Bank of Nig PLC 1999 ” 2000. In carrying out this research, I examined thoroughly. The various factors, which militates severely against the effective and efficient mobilization of domestic savings these factors were identified to range from the level of income earned of the saver. The interest rate that the bank pays on depots of customers, to the effect of bank distress syndrome in the banking industry.

Efforts were geared towards recommending various measures the bank can use to improve greater mobilization of domestic resources in our bank. The various ways through which an increase in domestic savings mobilization can also effect on increase in economic growth and development were also identified. These include granting of loans and overdraft of to deficit customer, assisting in the provision of amenities to the host community generating employment and affirming of scholarship and promotional programmes. The research was accomplished through the use of questionnaires and secondary data. The testing and analysis of relevant data obtained were done through the use of chi ” square statistical test techniques.

Title page ii

Dedication iii

Approval page iv

Acknowledgement v

Abstract vi

Table of Contents viii

1.1 Background of  study   1

1.2 Statement of Problem 4

1.3 Purpose / Objective of Study 5

1.4 Research Questions 6

1.5 Research Hypothesis 7

1.6 Significance of the Study 9

1.7 Scope , Limitations and Delimitation 10

1.8 Definitions of terms 11

2.1 Domestic Financial Resource Mobilization

Efforts of the Nigeria Financial System 15

2.2 Principal Sources of Savings 17

2.3 Constraints to Effective Mobilization of

Savings for Economic Growth and Development 19

2.4 Effect of Bank Distress in Mobilization of Savings.

2.5 Effects Of Income Earned To Savings Mobilization 25

2.6 Effect Of Interest Rate In Mobilization

Of Domestic Savings 29

2.7 Strategies for Improving Mobilization Or

Savings in Union Bank of Nigeria Plc 31

3.1 Research design 38

3.2 Area of Study 38

3.3 Population 39

3.4 Sample and Sampling Techniques 39

3.5 Instruments of data collection 40

3.6 Methods of Data Analysis 42

4.1 Data Presentation 44

4.2 Test of hypothesis 52

5.1 Summary of Findings 63

5.2 Conclusion 65

5.3 Recommendation 66