THE ROLE OF COMMERCIAL BANKS IN THE ECONOMIC DEVELOPMENT OF NIGERIA

ABSTRACT  In the last fifteen years Nigeria has been experiencing the most serious economic crisis. The first major factor that put the country’s small – scale on the tendons position was the main stay of the economy. Nigeria being among the major producer of crude oil, suffered adversely from the effects of hurt in the world oil market. Nigeria depend on oil exportation for over 90% of its foreign exchange earning and 85% it government revenue. An appraisal of the contribution and constraints militating against effect fulfillment of bank objectives is provided. I also observed that if banks declare huge profit in a year, it is for the benefit of the economy since part of it is invested in preferred sectors of the economy. And as well will invariably create employment. Situation where government takes action to penalize bank for declaring so called huge profits leaving out manufacturing and oil companies is not encouraging at all. A case in point in the natural housing funds decree of 1990, which require banks and insurance companies to invest an amount equipment to not less than 10% of their loan and advance rate.  Or above these current account rate. Such policy, it must be enforced, it should cut across all sectors of economy.    TABLE OF CONTENTS  Title Page Declaration Approval page Dedication Acknowledgment Abstract Table of Contents
CHAPTER ONE  1.1Introduction 1.2Statement of the General Problems  1.3Aims and Objectives of the essay  1.4Significance of the study  1.5Scope of the study  1.6Definition of Terms
CHAPTER TWO  2.0Literature Review 2.1Historical background of Commercial Bank  2.2Functions of Bank in the Economy 2.3CBN Regulation on Commercial Banks 2.4The Business Environment and Future Prospect    CHAPTER THREE  3.0Summary, Conclusion and Recommendation  3.1Summary  3.2Conclusion 3.3Recommendations Bibliography