THE IMPACT OF GLOBAL ECONOMIC MELTDOWN ON THE FINANCIAL SECTOR OF NIGERIAN ECONOMY

Background: A financial crisis which was brewing in the United States as a result of defaults in mortgage loans became a global phenomenon by mid 2007. The resultant factors include fall in global stock markets and the collapse of some financial institutions across the globe. To this effect, it will be necessary to determine the impact of the global economic crisis on the financial sector of Nigerian Economy.

Methods: The stratified random sampling technique in selecting the samples used for this study. Both the primary and secondary sources of data collection are used to obtain the needed data for this study.

Results: A total of 88 staffs of different financial institutions with an average age of ±40 responded to the questionnaire distributed. Based on the opinion of the respondents, four hypotheses are tested using the chi-square (x²) statistical test with the confidence level at 0.95 or 95%.

Conclusions: the study shows that the Nigerian financial sector has been severely affected by the global economic meltdown.

TABLE OF CONTENTi 

TITLE PAGEii 

CERTIFICATIONiii 

DEDICATIONiv 

ACKNOWLEDGMENT v 

ABSTRACTvi 

TABLE OF CONTENT           

CHAPTER ONE

INTRODUCTION

1.1 Background of the study

1.2 Statement of the research problem

1.3 Significance of the study 

1.4 Objective  of the study

1.5 Research question and hypothesis statement

1.6 Scope and limitation of the study 

1.7 Study plan

1.8 Definition of key terms 

CHAPTER TWO

2.0 LITERATURE REVIEW

2.1 Introduction

2.2 Background history of the study

2.3 review of related reports

2.4 Theoretical framework

2.5 Appraisal of literature reviewed

CHAPTER THREE

3.0 INTRODUCTION

3.1 Statement of research hypothesis

3.2 Methodology

3.3 Mode of data collection

3.4 Population and sampling

3.5 Sampling techniques

3.6 Mode of data presentation and analysis

CHAPTER FOUR

4.0 Data presentation and analysis

4.1  Data presentation

4.2 Data analysis

4.3 Hypothesis testing

CHAPTER FIVE5.0 SUMMARY   OF   FINDINGS,   CONCLUSION   AND RECOMMENDATIONS

5.1 Summary of findings5.2 Conclusion5.3 Recommendations

Reference:

Bibliography

Questionnaire