THE ROLE OF AFRICAN DEVELOPMENT BANK IN NIGERIAN ECONOMIC DEVELOPMENT

ABSTRACT The urgent need to establish a financial institution that will carter for the development of various sections of the African economy brought about the emergence of the African Development Bank. Also, when the African government realized that the central banks and commercial banks could not provide long financial developmental services, the development banks were specifically established to bridge the gap. The objective of the research is to appraise the activities of ADB (African Development Bank) and highlight the efforts that ADB plays in accelerating the economic development in Nigeria and African in general. The researcher employs the following findings: The greatness of a nation is to measure by its degree of economic development and that every country throughout the universe recognizes this. It is also in cognition of its importance of economic development that Africa countries decided to establish the African development bank (ADB). The study examined the banking history. The evolution of mechanism of credit from the civilization of antiquity to its organization as in banking today was examined. Thus the researcher recommends among others that capital of the bank be increased by regional members and should cease from tending to countries who persistently refuse to pay their debts.
TABLE OF CONTENTS TITLE PAGE APPROVAL PAGE DEDICATION ACKNOWLEDGEMENT ABSTRACT TABLE OF CONTENT
CHAPTER ONE 1.0INTRODUCTION 1.1 OBJECTIVE OF THE STUDY 1.2 SIGNIFICANCE OF THE STUDY 1.3 SCOPE AND LIMITATION OF THE STUDY 1.4 DEFINITION OF TERMS
CHAPTER TWO 2.1 FINANCIAL INSTITUTION AND ECONOMIC DEVELOPMENT 2.2 RATIONALE FOR DEVELOPMENT OF BANKING & EXPECTED ROLES 2.3 ROLE OF DEVELOPMENT BANKS 2.4 HISTORY AND OPERATION OF ADB
CHAPTER THREE SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS 3.1 SUMMARY OF FINDINGS 3.2 CONCLUSION RECOMMENDATIONS BIBLIOGRAPHY.