THE ROLE OF CENTRAL BANK OF NIGERIA IN THE REGULATION OF NIGERIA ECONOMY THROUGH MONETARY POLICY (A CASE STUDY OF CENTRAL BANK OF NIGERIA ENUGU BRANCH)

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ABSTRACT

The study was done to ascertain the role which central bank of Nigeria played in the regulation of Nigeria economy through monetary policy.

Among the goals of economic stabilization the most important is to achieve full employment, price stability, balance of payments and exchange rate stability, hence monetary policy through central bank of Nigeria.

To solve the research problem, primary and secondary data were collected. The research instruments used in collection the data were questionnaires and oral interview. The respondents comprised of the top business executives both private and public servants.

In organizing and presenting data collected, tables and percentages were used questionnaires.

Data analysis and interpretation gave the following findings:

1.Most respondents were of the opinion that corruption and political instability hinders economic growth of Nigeria.

2.Respondents showed that central bank is not doing enough in the regulation of Nigeria economy.

3.76 respondents maintained that the economy of the country is in a state of near collapse.

TABLE OF CONTENTS

Title pageii

Approval pageiii

Acknowledgementiv

Abstractv

Table of contentsvi

CHAPTER ONE

1.0Introduction1

1.1Background of the study1

1.2Statement of problem4

1.3The purpose of the study5

1.4Scope of the study5

1.5Research questions6

1.6Significance of the study6

1.7Definition of terms7

CHAPTER TWO

2.0Literature review9

2.1Meaning of bank9

2.2Brief history and meaning of CBN11

2.3Objectives and functions of CBN16

2.4The role of central bank in economic development22

2.5Regulatory monetary policy of CBN26

2.6The problems of Nigeria economy34

CHAPTER THREE

3.0Methodology40

3.1Research design40

3.2Area for the study40

3.3Population for the study41

3.4Sample and sampling procedure41

3.5Instrument for data collection42

3.6Validity of the instrument42

3.7Reliability of the instrument43

3.8Method of data administration of the instrument43

3.9Method of data analysis44

CHAPTER FOUR

4.0Presentation and analysis of data45

CHAPTER FIVE

5.0Summary of findings, recommendations and conclusion 53

5.1Summary of findings53

5.2Conclusion54

5.3Recommendation56

5.4Limitations of the study57

Reference59

Appendix61

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THE ROLE OF CENTRAL BANK OF NIGERIA IN THE REGULATION OF NIGERIA ECONOMY THROUGH MONETARY POLICY (A CASE STUDY OF CENTRAL BANK OF NIGERIA ENUGU BRANCH)

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