TABLE OF CONTENTS
Title Page
Certification
Dedication
Acknowledgement
Table of content
CHAPTER ONE:
INTRODUCTION
1..1 BACKGROUND OF THE STUDY
1.2 STATEMENT OF THE PROBLEM
1.3 RESEARCH QUESTION
1.4 SIGNIFICANCE OF THE STUDY
1.5 SCOPE OF THE STUDY
1.6 LIMITATIONS OF THE STUDY
CHAPTER TWO:
LITERATURE REVIEW
2.0 INTRODUCTION
2.1 OBJECTIVES AND OPERATION OF MONETARY
POLICY IN NIGERIA
2.3 INSTRUMENT
OF MONETARY POLICY
2.4 IMPACT OF MONETARY POLICY IN NIGERIA
FINANCIAL INSTITUTIONS
CHAPTER THREE: RESEARCH METHODOLOGY
3.0 INTRODUCTION
3.1 HISTORICAL
BACKGROUND OF THE CASE STUDY
3.2 RESEARCH
DESIGN
3.3 STUDY
POPULATION
3.4 SAMPLE
AND SAMPLING TECHNIQUES
3.5 DATA
COLLECTION INSTRUMENT
3.6 METHOD
OF DATA COLLECTION
3.7 METHOD
OF DATA ANALYSIS
3.8 LIMITATIONS
OF THE METHODOLOGY
CHAPTER FOUR:
DATA PRESENTATION ANALYSIS AND INTERPRETATION
4.0 INTRODUCTION
4.1 DATA
PRESENTATION
4.2 DATA
ANALYSIS AND INTERPRETATION
4.3 DISCUSSION
OF FINDINGS
CHAPTER FIVE: SUMMARY, CONCLUSIONS AND
RECOMMENDATIONS
5.0 A
BRIEF INTRODUCTION OF THE CHAPTER
5.1 SUMMARY
OF THE WHOLE STUDY
5.2 SUMMARY
OF FINDINGS
5.3 CONCLUSION
5.4 RECOMMENDATIONS
BIBLIOGRAPHY
APPENDIX: QUESTIONNAIRE
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Few years ago, Nigeria economy
undergone different macroeconomic problem which are characterized by slow down
in an economic activities increase in the rate of unemployment intensified
exchange rate having a persist increase in the general price level of goods and
services and government deficit financing which has also been identified as
major factor which lead to macro economic problems.
There are different
macroeconomic policies which are monetary policy and fiscal policy. One of the
functions of central bank was the formation of monetary policy and also choose
different monetary instrument to be applied in an economy for effective
utilization of stock of money in circulation. The central bank also control
commercial banks and other financial institution to create credit by varying
liquid reserve ratio and by influencing the interest rate through open market
operations (OMO)
From the above explanation
monetary policy can now be defined as " A deliberate action taken by
monetary authorities to change the domestic stock of money supply or it refers
to the combinations of different measure design to regulate the value, supply
and cost of money in an economy" monetary policy can be expansion to contraction
in nature, the expansion means decrease in stock of money in circulation.
Monetary policy is very important in an economy because without it economic
growth economic development will not be ascertained. Therefore, the Central
Bank of Nigeria(CBN) should make conscious effort toward the control of other
financial institution for the economy to maintain growth and development
through the monetary policy.
1.2 STATEMENT OF THE PROBLEM
The focus of this research was
based on monetary policy and its impact in Nigeria financial institution using
AfriBank of Ilorin Kwara State as a case study. In the course of the research'
answers will be provided to the following research question;
1. What is the historical
background of Afribank
Ilorin Kwara
State?
2. What is the meaning of monetary
policy?
3. What are likely instruments of
monetary policy?
4. What the various objectives of
monetary policy?
5. What is the impact of monetary
policy in Nigeria
financial institutions?
6. How do CBN and government of
the country operate monetary policy in Nigeria?
1.3 RESEARCH OF QUESTION
In the course of this study
some question come under consideration which are;
1. What is the impact of monetary
policy in Nigeria
financial institution?
2. What are the instruments of
monetary policy used by Central Bank of Nigeria (CBN)?
3. What are the reasons for the
implementations of monetary policy in Nigeria?
4. How does CBN and government of
the country deal with operation policy in Nigeria?
1.4 OBJECTIVES OF THE STUDY
The main objectives of this
research work which was based on monetary impact in Nigeria financial
institution a case study of Afribank ilorin kwara state is to provide accurate
answers to the problem of the study above, the answer are the following;
1. To know the historical
background of Africabank ilorin
kwara state.
2. To critically examine the
meaning of monetary policy
3. To examine the likely
instrument of monetary policy.
4. To know how Central Bank and
government of the country operate monetary policy.
5. To identify the various
objectives of monetary policy.
6. To know the impact of monetary
policy of Nigeria
financial institution.
1.5 SIGNIFICANCE OF THE STUDY
This study is carried out to
know the impact of monetary policy in Nigeria financial institution using
"Afribank Ilorin kwara state.
Monetary policy implementation
has many importance to Nigeria
economy, there include control inflation, maintain of full employment,
maintenance of healthy balance of payment position and also maintain stability
in external value of money all these leads to economic growth and economic
development in Nigeria.
Monetary policy can be used by
the government of the country, commercial bank, central bank and other
financial institution.
1.6 SCOPE OF THE STUDY
This project work is confined
to a certain period of time which gives me an opportunity to analyze the data
collected properly. This study draw2s it finding with Afribank study will cover
the Afribank of Nigeria within Ilorin
metropolis.
1.7 LIMITATION OF THE STUDY
During the execution of this
research there are limitations and constraints. Some comes from the bankers who
are respondents while others related to finance and time constraints.
The researcher faced financial
problems because of the high cost of internet browsing and cost of meeting the
bankers for information lastly is the time factor in the sense that the
research was conducted during the normal school period which has to attend
myriad of lectures and engaged in other vital comments such as seminars,
symposiums continuous assessment test and examination.
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