THE ROLE OF CENTRAL BANK OF NIGERIA IN THE REGULATION OF NIGERIA ECONOMY THROUGH MONETARY POLICY (A CASE STUDY OF CENTRAL BANK OF NIGERIA ENUGU BRANCH) (#6850)

ABSTRACT

The study was done to ascertain the role of Central Bank of Nigeria plays in the regulation of Nigerian economy using the monetary policy.  Among the goals of economic stabilization the most important is to achieve full employment, price stability, balance of payments and exchange rate stability, hence the regulation of the economy  using monetary policy.  To solve the research problem, primary and secondary data were collected. The research instrument used in collecting the data were the questionnaires and oral interview.  The respondents comprised of the top business executions both private and public servants.  The population of the study and the population sample is 100 and 80 respectively.  The researcher employed statistical techniques of simple percentage frequency to analyze the data collected.  The researcher’s findings showed that while monetary policy has been vital tool used by the Central Bank of Nigeria to regulate the economy, some hindrances still arise as a result of some variables such as socio-political problems.  However, the researcher is of the view that the Government, the Central Bank of Nigeria and other relevant monetary authority are able to come up with some policies such as fiscal policies to augment the monetary policy, the Nigerian economy will surely be best managed.


TABLE OF CONTENTS
Title pageii Approval pageiii Acknowledgementiv Table of contentsvi Abstractv
CHAPTER 1: INTRODUCTION Background of the study1 Statement of problem3 The purpose of the study4 Significance of the Study5 Scope of the study6 Research questions6 Definition of terms7

CHAPTER 2: LITERATURE OF RELATED LITERATURE Meaning of bank8 Brief history and meaning of CBN10 Objectives and functions of CBN14 The role of central bank in economic development20 Regulatory monetary policy of CBN24 The problems of Nigeria economy33
CHAPTER 3: RESEARCH METHODOLOGY AND DESIGN  Research design39 Area for the study40 Population for the Study41 Sample and sampling procedure40 Instrument for data Collection41 Validity of the Instrument41 Reliability of the Instrument42 Method of data Administration of the Instrument42 Method of Data Analysis42
CHAPTER 4: PRESENTATION AND ANALYSIS OF DATA  Presentation and analysis of data43 CHAPTER 5: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION  Summary of findings51 Recommendation52 Limitations of the study54 Reference56 Appendix61