Get the complete project »
- The Complete Research Material is averagely 55 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: ₦4,000
The study investigates relative impact of financial sector reforms on agricultural and manufacturing sector growth in Nigeria. To guide the study, Ordinary Least Square technique was adopted and Eviews 8.0 econometric software was utilized for the analysis. A time series quarterly data sourced from Central Bank of Nigeria Statistical Bulletin 2009 and 2013and it covered the period 1970-2013 was used for the analysis. After carrying out necessary pre- and post diagnostic test, the result shows that gross fixed capital formation and credit to private sector ratio to GDP has positive but insignificant relationship with agricultural and manufacturing sector output. While real interest rate, manufacturing capacity utilization and financial sector reform dummy were positive and significant, interest rate spread, real exchange, average annual rainfall and money supply ratio to GDP displayed negative relationship with agricultural and manufacturing sector output. Upon comparison of impact of key financial indictors on agricultural and manufacturing sector output, the result revealed that impact of real interest rate and financial sector profitability index (SINR) in the pre- and post-financial sector reform were significant in each sector. In contrast, while impact of real exchange rate does not significantly influence agricultural sector output, it subsequently became significant in the model for manufacturing sector output. The study however concludes that domestic investment on infrastructure and credit facility to the sectors was sub-optimal. Secondly, participants in the sectors were made worse-off by the reform. Extensive review of existing policies, provision of incentives, accessible and affordable funding was recommended by the study.
1.1 Background to the Study
The financial sector is central to any economy of the world, and the ripples of the sector’s downturn are usually felt in all other sectors of the economy. Lin, Sun, and Jiang (2009) hinted that the structure of the financial sector reveals the nature of the productive activities in such economy. It is therefore not surprising that Nigeria like most developing economies, has adopted various forms of policy and institutional reforms since independence to ensure that the sector remains in good health. The success story is not the same everywhere though, while some countries have been successful in eliminating underlying distortions and restructuring their financial sectors in the beginning of the new millennium, in some cases financial sectors remains underdeveloped (Dileep, Rambabu, & Bhisma, 2007). Financial sector reforms, especially a comprehensive one, would be a turnaround approach to cope up with the threats of global competitiveness in carrying out the financial services. The country has witnessed a wave of reform in the financial sector. It is pertinent to point out at this juncture that financial sector is comprised of banks and non-bank financial institutions (money and capital markets) along with other financial system that supports them.
As the financial reform phenomena advances, so do the understandings
of it advance. Financial reform as Gencalo (2011) puts it “is a
multifaceted phenomenon”. According to Ebong (2006), they are deliberate
policy response to correct perceived or impending financial crises and
subsequent failure. In other words, the different interventions of the
federal government through the central bank of Nigeria and other
financial institutions regulators to enable the financial sector and the
economy recover from actual or impending disaster is what is here
referred to as financial reform. On the expectations on financial
reforms, Edirisuriya (2008) reported that financial sector reforms are
expected to promote a more efficient allocation of resources and ensure
that financial intermediation occurs as efficiently as possible. By
implication, financial sector reforms brings competition in the
financial markets, raises interest rate to encourage savings, thereby
making funds available for investment, and hence lead to economic growth
You either get what you want or your money back. T&C Apply
You can find more project topics easily, just search
SIMILAR ECONOMICS FINAL YEAR PROJECT RESEARCH TOPICS
1. EFFECT OF TREASURY SINGLE ACCOUNT ON FRAUD DETECTION AND PREVENTION IN NIGERIA (A CASE STUDY OF NIGERIA PORT AUTHORITY)» CHAPTER ONE INTRODUCTION 1.1. Background of the study A lot has been said on Treasury single account (TSA) since its conception and implementation in ...Continue Reading »
2. THE PROBLEMS OF FINANCING GOVERNMENT CORPORATIONS GOVERNMENT CORPORATION (A CASE STUDY OF TRACAS)» CHAPTER ONE INTRODUCTION Public corporation are enterprises, which are partly or wholly owned by the government, which private enterprises have been u...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Academics and practitioners have been striving to establish and agreed upon definitions of the co...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1 Background of the study In order to address the problem of poverty and promote sustainable development, the Unified Natio...Continue Reading »
» ABSTRACTIn recent times there has been growing concern about the rising but volatile rate of investment in Nigeria. This concern stems from the fact t...Continue Reading »
» ABSTRACT This research critical examine the impact of Naira devaluation on economic growth in Nigeria. That without exchange rate, the exchange of goo...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1 Background of the study The Electricity is pivotal to the economic development of nations. Its use is directly correlated...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Terrorism and insurgency is globally becoming a household word as there is no nation that is ...Continue Reading »
» ABSTRACT This study investigated the impact of inflation on investment and economic growth in Nigeria. Since Nigerian financial sector liberalization ...Continue Reading »
» Abstract: This research work is centered on the impact of exchange rate fluctuation on the Nigeria’s economic growth from 1986 to 2015. The main typ...Continue Reading »