Abstract
This research work was designed to examine the extent to which government regulation
(with particular attention of BOFID 1991) has enhanced the development of the
banking industry/sector in Nigeria, especially towards a positive direction to
ensure a healthy business operation of banking activities. The explorative
research method was used for this study. Data was collected from journals,
textbooks, conference papers and the internet. The findings revealed that the
regulation by government (with specific attention of BOFID 1991) in the banking
industry in Nigeria affects the operation of policies of the bank towards a
positive direction. On the basis of these, the study recommends among others
that corruption, fraud and inside abuses must be minimized in the banking
industry for the country to derive the benefit government regulation in the
development of banks.
TABLE OF
CONTENTS
Title Page
Certification
Dedication
Acknowledgements
Abstract Table
of Contents
Chapter One: Introduction
1.1 Background to the Study
1.2 Statement of Problem
1.3 Research Questions
1.4 Objectives of the Study
1.5 Statement of Hypotheses
1.6 Significance of the Study
1.7 Scope of the Study
1.8 Limitations of the Study
1.9 Definitions of Terms
Chapter
Two: Review of Related
Literature
2.1 Introduction
2.2 The Banking Industry: A Historical Review
2.3 Classification of Banks
2.3.1 The Central Bank
2.3.2 The
Commercial Bank
2.3.3 The Merchant
Banks
2.3.4 Other
Financial Institutions
2.4 General Perspective of the Functions of Banks
2.5 Government Regulation
2.5.1 Banks and other Financial Institution (BOFI)
Decree
Chapter
Three: Research Method and
Design
3.1 Introduction
3.2 Research Design
3.3 Description of Population of the Study
3.4 Sample Size
3.5 Sampling Technique
3.6 Sources of Data Collection
3.7 Method of Data Presentation
3.8 Method of Data Analysis
Chapter
Four: Data Presentation,
Analysis
and Interpretation
4.1 Introduction
4.2 Presentation of Data
4.3 Data Analysis
Chapter
Five: Summary of Findings,
Conclusion
and Recommendations
5.1 Introduction
5.2 Summary of Findings
5.3 Conclusion
5.4 Recommendations
References
Appendices
CHAPTER ONE
INTRODUCTION
1.1 Background
to the Study
As
a result of the relative prominence accorded to the banking industry, no
mention made of the economical development of any country (Nigeria not
excepted) without reference to the banking sector, Thus, an attempt is made
here (with respect to the principal purposes which this study is meant to serve)
to bring to light a major determining factor (government regulation) worthy of
consideration when a thought is given to the development of the banking
industry.
Government
regulation has helped tremendously to the development of the banking industry
in Nigeria in the past decade to this present day, and it has also ensure towards
building a good operational structure in the banking activities, especially as
closely connected with the rate or degree of economic advancement of the
country.
Moreover,
in order to know how government regulation has enhanced the development of the
banking sector, a brief highlight will be given to the Bank and other financial
institution decree of 1991, among
other regulations enacted by the government to control the banking system in
the county. Therefore the main concern of this study will be based on the
particular decree mentioned above.
1.2 Statement of Problem
The
fundamental purpose of this study is to show how government regulation has contributed
towards the development of the banking industry within the context of the Nigeria
economy. In other-words, the study strives to explore and analyze critically
the structure of the Nigeria
banking system and see how government regulation has enhanced development in the
sector.
1.3 Research Questions
For proper guidance and
in-depth investigations of the research work, the researcher presented research
questions which form major problems of the investigation these questions
includes:
-
Does government
policy affect the banking
industries?
-
Do the relevance of government
regulation affect the operation of the policies of the bank towards a positive
direction?
-
Are there other factors that enable
banks to evaluate the best policy for banking development?
1.4
Objectives of the Study
The objectives of this
study are:
1.
Government policy affects the banking
industries.
2.
The relevance of government regulation
affect the operation of the policies of the bank towards a positive direction.
3.
There are other factors that enable
banks to evaluate the best policy for banking development.
1.5 Statement of Hypothesis
This research project
is based on the null hypothesis (Ho) and the alternative hypothesis (Hi).
1. Ho: Government policy does
not affect the banking
industries.
Hi: Government
policy affects the banking
industries.
2. Ho: Changes in government
policy does not affect the banking industries.
Hi: Changes
in government policy affects the banking industries.
1.6 Significance of the Study
This
study is very relevant or significant in that:
a. It affords
anybody who reads this project the opportunity of appreciating banking as an
integral part of any nation’s economy.
b. It will enable any banking business to
consider government regulation as a determining factor of the banking industry
development.
c. It will give any prospective venture of
banking business the opportunity of knowing the legal frame work of banking
undertaking.
1.7 Scope of
the Study
This
study covers government regulation as it affects and banking in the Nigeria
economic atmosphere. Thus, no attempt is made in its entirety to go outside the
Nigeria
situation.
1.8 Limitation
of study
Some
of the seemingly insurmountable problems encountered during the course of
conduction of these researches are as follows:
a.
Time
constraint: Due to tight time schedule posed by the
limited time interval as allowed by the school calendar for the academic
session, there was virtually insufficient time to carry out an exhaustive or
comprehensive study, particularly such as would enable for the collection of
the required data from various (especially external) source.
b.
Financial
constraint: Inadequate finance was another
limitation posed on this research work. I really needed to invest enough amount
of money for transport fares, good quality typing and binding etc.
c.
Inadequate
reference materials:
The consistent of reference materials are relevant or useful, textbook,
journals, magazines etc. from which secondary data (which was the basic source
of data for this study) are obtainable, however, some of this materials were
not readily available in the school’s library.
1.9 Definition of Terms
Banking
Business: This is the business of receiving deposit in current account, savings
account or other similar account.
Banking:
This is the business of receiving from the public on current account money
which is to be repayable on demand by cheque and of making advances to
customers
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