APPRAISAL OF THE IMPACT OF BANKING SECTOR REFORMS ON THE REAL SECTOR OF THE NIGERIAN ECONOMY (1986 - 2009)

AbstractThis research study appraised the impact of the Banking Sector Reforms on the Real Sector of the Nigerian Economy for the period 1986 to 2009. Data on real sector output, credit to the real sectors, lending rate and interest rate on savings were obtained from the CBN Statistical Bulletin (2009 edition). The data were analysed using Ordinary Least Square (OLS) technique. The result of the analysis revealed that financial sector reforms were effective in addressing the twin problems of providing credit to the real sector, and liberalization of lending rate. However, it proved ineffective in encouraging savings in the economy. Among the recommendations made were the need to provide better incentives on savings, the need for government adequately fund the provision of infrastructures particularly electricity.
TABLE OF CONTENTTitle page-----------iCertification------------iiDedication--------------iiiAcknowledgement---------ivAbstract-----------------------vTable of content--------------viCHAPTER ONE1.0 Introduction---------------11.1 Background of the Study-----------11.2 Statement of the Problem------------61.3 Objectives of the Study----------------71.4 Significance of the Study---------81.5 Research Questions--------------91.6 Research Hypotheses-----------101.7 De-limitation----------------------101.8 Definition of Terms--------------10CHAPTER TWO2.0  Literature Review 142.1 Conceptual Framework--------142.2 Theoretical Framework---------252.3 Empirical Framework-----------402.4 Overview of the Banking sector---------572.4.1 Performance of the banking sector under variousPolicy reforms (1986-2009 period)------------612.4.2 Challenges facing the banking sector in Nigeria--------682.4.3 Notable short-term progress resulting from the Reform--------742.4.4 Reforms and the real Sector-----------772.4.5 Impact of the consolidation policies on Stakeholders-------------782.5 Historical background and trend in the manufacturing sector---------------912.6.1 Historical background and trend review in agricultural sector-----------------------------     1312.6.2 Educational Advancement in Agriculture-----------------     1342.6.3 The Development of the Agricultural Sector -----------------------139CHAPTER THREE: RESEARCH METHODOLOGY3.1 Preamble -------------------------1583.2 Model Specification ----------------------1583.3 Sources of Data ---------------------------1603.4 Method of Data Analysis --------------------1603.4.1 Parameters estimates --------------------------1613.4.2 Model Fitness ---------------------------------1613.4.3 Test of Hypothesis------------------------------     1623.4.4 Testing for the violation of the classical Assumption ------------------------------------------164
CHAPTER FOUR: DATA PRESENTATION, ANALYSIS AND INTERPRETATION4.1 Data Presentation ----------------------1674.2 Data Analysis and Interpretation-----------------  1684.2.1 Unit Root Test --------------------------------1684.2.2 Estimation of the Model-------------------------   1694.2.3 Model fitness -------------------------------1714.2.4 Test of Hypotheses ---------------------------1714.2.5 Test for Auto correlation--------------------------------     1734.3 Discussion of Major Findings ---------------------------------173CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION5.1 Summary of Findings -----------------------------1745.2 Conclusion--------------------------------     1765.3 Recommendation---------------------------------     1775.4 Suggestion for further study --------------------------------180References ---------------------------------------------------181