THE ROLE OF FINANCIAL INSTITUTION IN A DEVELOPING ECONOMY

TABLE OF CONTENTS
TITLE PAGE APPROVAL  DEDICATION ACKNOWLEDGEMENT TABLE OF CONTENT
CHAPTER ONE 1.1 INTRODUCTION 1.2 STATEMENT OF PROBLEMS 1.3 MAJOR PROBLEMS 1.4 SUB-PROBLEM 1.5 PURPOSE OF THE STUDY 1.6 SIGNIFICANCE OF THE STUDY 1.7 SCOPE AND DELIMITATION 1.8 DEFINITION OF TERMS
CHAPTER TWO 2.0 LITERATURE REVIEW 2.1 GENERAL ROLE 2.2 BANKING ROLE 2.3 NON – BANKING ROLE
CHAPTER THREE 3.0 RECOMMENDATION 3.1 CONCLUSION BIBLIOGRAPHY
INTRODUCTION
The idea of establishing indigenous development financial institution was moved after the establishment of the Central Bank of Nigeria on first July, 1959 after the banks failure of the early 1950’s.  During this time, it became obvious that there was an urgent need fro financial institution capable of providing medium and long term capital to full up serious gaps in  the financial system/structure of the economy.  As a result of this need, arose to create special institutions for special purpose, the special purpose being development in the widest sense of the term.  There was a need to create institution that could undertaken investment where the private investor, might for the time being also revetments to go, and create atmosphere in  private investor where they will find the risk of investment considerably reduced if not wiped out entirely.  The need is to stimulate the private sector of the economy and also with the promotion and finance of an enterprises by the provision of long-term and medium term finance was accepted.