This project work is to study in depth the role of central bank in the development of Nigeria economy and its dividing into five chapters as follow. Chapter one, introduction to the study, purpose of the study, research methodology, traces the background of central bank of Nigeria purpose, scope, aims and objective and significance of the study. Chapter two deals with review of related literature, here documented information about the subject mater are deal with example are the stages in the role of central bank problems and solutions prospects etc. chapter three is concerned with top management, middle management in the bank. And also the primary instrument to collect information and the pilot study which will use in this research methodology so as to ascertain its validity and reliability. And the historical background of the organization with the questionnaire. Chapter four deals with findings, exclusively with data presentation and analysis with testing hypothesis. Chapter five deal with summary, recommendation and conclusion.
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 Nigeria by the government which specified responsibility is to provide the basic ingredient for rapid economy development.
Central Bank of Nigeria exists to speed up the country economics development control. The task of economic development and economic growth shall be paramount as such we need to harness all available resources and means towards the economic development and the growth.
One of the major objectives of the past and present Nigeria government is therefore for a country to have stable economy and attain economic growth. One of these vehicles that can be used to achieve these is the role played by central bank on ecomony of the nation.
In Nigeria the central bank undertakes functions on both types of institution especially the banks through the application of various and regulatory measure. The subject of this study dealing as it does on those relationships is there tropical and will address a numbers of many issues on monetary, banking policy and economic development. The analysis of the study some findings and recommendation were given to the banks and financial institution with moral support.
The researcher concluded by saying that the Central Bank of Nigeria played important role in the economy development of Nigeria.
1.1 STATEMENT OF PROBLEM
The researcher wish to find out the problems encounter by the Centre Bank of Nigeria; in the economy development of Nigeria as following:
All the above problems are the reason why the Central Bank of Nigeria fails to achieve its aim and objective
1.2 STATEMENT OF HYPOTHESIS
The Hypothesis is:
Ho: The role played by Central Bank of Nigeria in the development of the Nigeria economy Nigeria does not reduce unemployment in Nigeria
Hi: The role played by Central Bank of Nigeria in the development of the Nigeria economy reduces unemployment in Nigeria.
1.3 OBJECTIVE OF THE STUDY
Objective of this study includes:
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 Nigeria senitized people the misconception help by the bank and other government can be exposed by the study.
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 Nigeria in the nation development. It take a broad view of the various aspect of the role and function of Central Bank of Nigeria, it also look at its position in banking, industry and various roles of the central bank of Nigeria as the primary function, function banking habits and its system with its role in foreign trade insurance.
Finally, the study will consider the importance of the current measure of the Central Bank of Nigeria toward the cutting down the rate of the inflation in Nigeria.
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