Effect of Bank Failure on Nigeria Economic Development

Effect of Bank Failure on Nigeria Economic Development

Project / Seminar Material
Reference ID: PS-11415-TM

DEDICATION

This research material titled “Effect of Bank Failure on Nigeria Economic Development” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Banking and Finance (BF), Book Authors and Profound Scholars of existing or related project material on “Effect of Bank Failure on Nigeria Economic Development” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

TABLE OF CONTENTS

PRELIMINARY PAGES

CHAPTER ONE

INTRODUCTION

    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • ⋮
    • 2.4 Empirical Studies

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”

    ABSTRACT

    Effect of bank failure and economic development in Nigerian

    Banks occupy the most strategic point in the financial system of the economy for a total of bank to fait between 1992 to 2002 a space of four years, means that something definitely is wrong.

    This study is not antagonistic of any other rather it is complementary. Others works have to been used here and duty acknowledge but everything is with an intent to find a lasting solution to the issue of bank failure.

    The study will be base upon data collected through information sifted from books journals annuals, periodicals. All the relevant data obtain during the collection is going to be analyze generally ad used to deduce the findings.

    In the process of this project, certain questing have to be asked. Solution proffered and prospects for the failure explain but none of them seems to have solved the problem. The research questions are thus is it the inadequate attention accorded to un-organized private sector in favour of the organized sector (especially the merchant banks). Is it the erosion of their capital base due to inflationary trends in the economy not enough? Is it due to lack of technical expertise in most banks? And is it due to poor internal control systems and the rate at which banld 90 in liquidation?

    In respect of all this question, the researcher discover that Nigeria economy is still under developed one and will take the astuteness of every single Nigeria to get it out of the doldrums. In the researcher view, it is only when the economy become stablemen when failure might not be enbirdy absent but reduced to rate.

    The researcher as taken a measure, that every me has to play a role and not only the authorities.

    Effect of Bank Failure on Nigeria Economic Development

    CHAPTER ONE

    1.0 Introduction

    1.1 The Background Of The Study

    Over the last couple of decades the Nigeria almost crude form it has characterized with in pre-colonial and colonial dry. It has become sophisticated that economic experts today can proudly thump their chests. With due regard to ownership structure of the institution, the regulatory framework, the instrument employed and number of established institutions, Nigeria can be said to posses the most sophisticated financial system in Africa.

    Within the Nigeria financial system itself, the banking institution have been most remarkable in growth this is just as well in any case considering the critical position which they occupy in a complex financial position which supplies the money and cridit needs of the economy.

    The world bank nor banker is neither used nor declined in the central of Nigeria (CBN) Decree No 24 of 1991 nor bank and other financial institution Decree (BOFIO) No 25 of 1991 but section 2 of bill of exchange act 1881 provides that bankers include a body of persons whether incorporated or not who carry out the business of banking section 2 (1) of the Evidence act defines banks bankers to means “any person or persons, partnership or company carrying on the business of bankers.

    In view of these highlights, it becomes easily comprehensible why the failure of a bank has fare reading consequences the ability of bank to operate successfully rest upon how well they are able obtain the contidence of the public if that confidence is missing the gap will be too great for the banks to fill the effects of bank failure on economic development of Nigeria can be expressed in a nut-shell to be the following.

    1. Lack of effective and efficient financial intimidation
    2. Loss of public confidence in the system further depression of the economy additional burden on the regulatory authorities escalation of social vices.

    For the sake of citizenry and in the interest of economic development there is as expedient need to devise a host of remedying situation.

    The fact that a bank fail today is not to say that incidence is systemic there must be a number of way out of any sad predicament. The only crack is how will these remedies are frothily employed such remedies would include:-

    1. The cultivation of a stable political environment.
    2. The strengthening of regulatory agencies
    3. The taking over by regulatory bodies of all terminally distressed banks.
    4. Privatization and commercialization of all government owned bank
    …

    CHAPTER TWO

    2.0 Literature Review

    2.1 Introduction

    This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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