- The Complete Research Material is averagely 52 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦6,000
Get the complete project »
ABSTRACT
The title of the project work is “the impact of money deposit banks on the economic development if Nigeria. The aims and objectives of this project work are to examine the activities of money deposit banks in Nigeria, to examine the impact of money deposit banks on the economic development of Nigeria and to examine the relationship that exist between money deposit banks and the economic development of Nigeria.. In order to achieve this, the researcher employed survey and descriptive method, collect the relevant data. After the data have been collected and analyzed it was found that money deposit banks impacts on the economic development of Nigeria. In view of the above, it was recommended that Government should encourage money deposit banks to grant soft loans to SMEs as they are the pivot for the development of any nation.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND TO THE STUDY
Money deposit banks are resident depository corporations and quasi-corporations which have any liabilities in the form of deposits payable on demand, transferable by cheque or otherwise usable for making payments.The banking sector in Nigeria in 2010 financial yearwas oligopolistic in structure as only ten banks 11.1% of the 90 operation accounted for 54.5% of total assets, 52.4% of total deposit liabilities and 46.1% of total deposit liabilities of deposit money bankas at 31/12/2006 amounted to #2,705 billion. Whilst aggregate credit to the domestic economy amounted to #1,302.2 billion. In 2006, sectoral allocation of deposit money banks credit continued to favour the less productive sector of the economy as only 40.9% of the total credit went to agriculture, solid minerals, exports and banking down from 46.2% in 2001.In the year 2007, the general performance of banks was not significantly different from what happened in the previous year.
Economic growth has been a major objective of successivegovernments in Nigeria. In performing the financialintermediation role, it has been argued that by virtue of thisfunction that banks generate economic growth by providingneeded resources for real investment (Shaw, 1973; Mckinnon,1973). Economic growth is one of the important factors thatimprove living standards in developing countries. It is anindispensable requirement for economic development amongother factors. It is believed that the main factors affectingeconomic growth are labour, capital and exogenouslydetermined technology. Subsequently the new growth theoriestry to incorporate technology and human capital asendogenous factors. The role of finance in terms of money deposit bank was well acknowledged by researchers. The function of these banksas financial intermediation involves channeling funds from thesurplus unit to the deficit unit of the economy, thustransforming deposits into loans or credits. The role of money deposit bank in economic development has been recognized ascredits are obtained by the various economic agents to enablethem meet investment operating expenses. For instance,business firms obtain credit to buy machinery and equipment,farmers obtain credit to purchase machines such as tractors,seeds, fertilizers, and erect various kinds of farm buildings.Government bodies obtain credits to meet various kinds of recurrent and capital expenditures. Individuals and familiesalso take credit to buy and pay for goods and services(Adeniyi, 2006). According to Ademu (2006), the provision of credit with sufficient consideration for the sector’s volume andprice system is a way to generate self employmentopportunities. This is because credit helps to create andmaintain a reasonable business size as it is used to establishand/or expand the business to take advantage of economy of scale. It can also be used to improve informal activity andincrease its efficiency. While highlighting the role of credit,Ademu (2006), further explained that credit can be used toprevent economic activity from total collapse in the event of natural disasters such as flood, draught, disease or fire. Thebanking sector helps to make these credits available bymobilizing surplus funds from savers who have no immediateneeds for such funds and thus channels such funds in form of credit to investors who have brilliant ideas on how to createadditional wealth in the economy but lack the necessarycapital to execute the ideas.
1.2 STATEMENT OF THE PROBLEM
It is instructive to note that the banking sector has stood out inthe financial sector as of prime importance because in manydeveloping countries of the world the sector is virtually theonly financial means of attracting private savings on a largescale. Accordingto Adekanye (1986) in making credit available, money deposit banks arerendering a great social service because through theiractivities, production is increased, capital investment areexpanded and a higher standard of living is realized. However,in Nigeria as in many other developing countries, the ratio of bank credit to the private sector to GDP has not increasedsignificantly. This has made it necessary to examine the impact of money deposit banks on the economic development of Nigeria.
1.3 OBJECTIVES OF THE STUDY
The following are the objectives of this study:
1. To examine the activities of the money deposit banks.
2. To examine the impacts of money deposit banks on the economic development of Nigeria.
3. To examine the relationship between money deposit banks and economic development of Nigeria.
1.4 RESEARCH QUESTIONS
1. What are the activities of the money deposit banks?
2. What are the impacts of money deposit banks on the economic development of Nigeria?
3. What is the relationship between money deposit banks and economic development of Nigeria?
1.5 HYPOTHESIS
HO: There is no significant relationship between money deposit banks and economic development of Nigeria.
HA: There is significant relationship between money deposit banks and economic development of Nigeria.
1.6 SIGNIFICANCE OF THE STUDY
The following are the significance of this study:
1. The result of this study will educate the general public on the relationship between money deposit banks and economic development of Nigeria.
2. This research will be a contribution to the body of literature in the area of the effect of personality trait on student’s academic performance, thereby constituting the empirical literature for future research in the subject area.
1.7 SCOPE OF THE STUDY
This study will cover the impacts of money deposit banks on the economic development of Nigeria.
1.8 LIMITATION OF STUDY
Financial constraint- Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet, questionnaire and interview).
Time constraint- The researcher will simultaneously engage in this study with other academic work. This consequently will cut down on the time devoted for the research work
You either get what you want or your money back. T&C Apply
You can find more project topics easily, just search
-
SIMILAR BANKING FINANCE FINAL YEAR PROJECT RESEARCH TOPICS
-
1. AN EVALUATION OF THE EFFECTIVENESS OF FINANCIAL PLANNING AND CONTROL IN THE BANKING SECTOR
» CHAPTER ONE 1.1 BACKGROUND OF THE STUDY Planning is required in all forms of decision making in order to ensure an effective and efficient utilization...Continue Reading »Item Type & Format: Project Material - Ms Word | 77 pages | Instant Download | Chapter 1-5 | BANKING FINANCE DEPARTMENT
-
2. EFFECT OF MERGER AND ACQUISITION ON THE FINANCIAL PERFORMANCE OF OIL COMPANIES IN KENYA
» ABSTRACT Maternal mortality has been describe as the death of women while pregnant or within 42 days of termination of pregnancy, irrespective of the ...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | BANKING FINANCE DEPARTMENT
-
3. SOURCES OF FUNDS FOR SMALL SCALE BUSINESS. (A CASE STUDY OF NIGERIA AGRICULTURAL CO-OPERATIVE AND RURAL DEVELOPMENT BANK)
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Financing is always very important issue in investment decision. A ready question that always pro...Continue Reading »Item Type & Format: Project Material - Ms Word | 47 pages | Instant Download | Chapter 1-5 | BANKING FINANCE DEPARTMENT
-
4. to access the contribution of ICT banking sector performance in Nigeria.
» CHAPTER ONE INTRODUCTION 1.1 Background to the Study Information has always played a prominent role in human activities. The robust development in sci...Continue Reading »Item Type & Format: Project Material - Ms Word | 54 pages | Instant Download | Chapter 1-5 | BANKING FINANCE DEPARTMENT
-
5. AUDIT INDEPENDENCE: ENHANCING ACCOUNTABILITY AND TRANSPARENCY IN CORPORATE ORGANIZATIONS
» CHAPTER ONE INTRODUCTION 1.1. Background of the study The subject of transparency and accountability in modern day corporate organizations has continu...Continue Reading »Item Type & Format: Project Material - Ms Word | 71 pages | Instant Download | Chapter 1-5 | BANKING FINANCE DEPARTMENT
-
6. THE ROLE OF CENTRAL BANK OF NIGERIA IN PREVENTING BANK FAILURE IN NIGERIA
» CHAPTER ONE 1.1 STATEMENT OF THE PROBLEM AND PURPOSE OF STUDY The purpose of this study is to known the roles central bank of Nigeria will performing ...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | BANKING FINANCE DEPARTMENT
-
7. THE IMPLICATION OF RECAPITALIZATION POLICY ON THE PERFORMANCE OF BANKS
» ABSTRACT This study examines the current banking sector reforms and repositioning through recapitalization for competitive advantage with a particular...Continue Reading »Item Type & Format: Project Material - Ms Word | 69 pages | Instant Download | Chapter 1-5 | BANKING FINANCE DEPARTMENT
-
8. E-TAX, A SOLUTION TO TRADITIONAL TAX SYSTEM IN NIGERIA
» CHAPTER ONE 1.0 Introduction 1.1 Background to the study The political, economic and social development of any country depends on the amount of revenu...Continue Reading »Item Type & Format: Project Material - Ms Word | 102 pages | Instant Download | Chapter 1-5 | BANKING FINANCE DEPARTMENT
-
9. APPLICATION OF MARKETING CONCEPT IN GT BANK AND ITS EFFECTIVENESS IN CONSUMER SATISFACTION
» CHAPTER ONE INTRODUCTION 1.0 BACKGROUND OF THE STUDY Marketing concept is a customer oriented philosophy which states that customer’s satisfacti...Continue Reading »Item Type & Format: Project Material - Ms Word | 65 pages | Instant Download | Chapter 1-5 | BANKING FINANCE DEPARTMENT
-
10. IMPACT OF AUTOMATED TELLER MACHINE ON CUSTOMER SATISFACTION
» ABSTRACT The Nigerian Banking sector over the years has been experiencing significant changes and development in its Information and Communication Tec...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | BANKING FINANCE DEPARTMENT