Home » Banking and Finance » GOVERNMENT REGULATION AND THE DEVELOPMENT OF BANKING INDUSTRY IN NIGERIA
GOVERNMENT REGULATION AND THE DEVELOPMENT OF BANKING INDUSTRY IN NIGERIA
Sold By: Joe Project Store | Item Type: Project Material | Report this? | Attributes: 50 pages | 1-5 chapters | Amount: ₦5,000 | Marked useful: 5,179 times
Delivery: Within 24 hoursAbstract
This research work was designed to examine the extent to which government regulation (with particular attention of BOFID 1991) has enhanced the development of the banking industry/sector in Nigeria, especially towards a positive direction to ensure a healthy business operation of banking activities. The explorative research method was used for this study. Data was collected from journals, textbooks, conference papers and the internet. The findings revealed that the regulation by government (with specific attention of BOFID 1991) in the banking industry in Nigeria affects the operation of policies of the bank towards a positive direction. On the basis of these, the study recommends among others that corruption, fraud and inside abuses must be minimized in the banking industry for the country to derive the benefit government regulation in the development of banks.
CHAPTER ONE
INTRODUCTION
1.1 Background to the Study
As a result of the relative prominence accorded to the banking industry, no mention made of the economical development of any country (Nigeria not excepted) without reference to the banking sector, Thus, an attempt is made here (with respect to the principal purposes which this study is meant to serve) to bring to light a major determining factor (government regulation) worthy of consideration when a thought is given to the development of the banking industry.
Government regulation has helped tremendously to the development of the banking industry in Nigeria in the past decade to this present day, and it has also ensure towards building a good operational structure in the banking activities, especially as closely connected with the rate or degree of economic advancement of the country.
Moreover, in order to know how government regulation has enhanced the development of the banking sector, a brief highlight will be given to the Bank and other financial institution decree of 1991,among other regulations enacted by the government to control the banking system in the county. Therefore the main concern of this study will be based on the particular decree mentioned above.
1.2Statement of Problem
The fundamental purpose of this study is to show how government regulation has contributed towards the development of the banking industry within the context of the Nigeria economy. In other-words, the study strives to explore and analyze critically the structure of the Nigeria banking system and see how government regulation has enhanced development in the sector.
1.3Research Questions
For proper guidance and in-depth investigations of the research work, the researcher presented research questions which form major problems of the investigation these questions includes:
- Does government policy affect the banking
industries?
- Do the relevance of government regulation affect the operation of the policies of the bank towards a positive direction?
- Are there other factors that enable banks to evaluate the best policy for banking development?
1.4Objectives of the Study
The objectives of this study are:
1. Government policy affects the banking
industries.
2. The relevance of government regulation affect the operation of the policies of the bank towards a positive direction.
3. There are other factors that enable banks to evaluate the best policy for banking development.
1.5Statement of Hypothesis
This research project is based on the null hypothesis (Ho) and the alternative hypothesis (Hi).
1. Ho: Government policy does not affect the banking
industries.
Hi: Government policy affects the banking
industries.
2. Ho: Changes in government policy does not affect the banking industries.
Hi: Changes in government policy affects the banking industries.
1.6Significance of the Study
This study is very relevant or significant in that:
a. It affords anybody who reads this project the opportunity of appreciating banking as an integral part of any nation’s economy.
b. It will enable any banking business to consider government regulation as a determining factor of the banking industry development.
c. It will give any prospective venture of banking business the opportunity of knowing the legal frame work of banking undertaking.
1.7 Scope of the Study
This study covers government regulation as it affects and banking in the Nigeria economic atmosphere. Thus, no attempt is made in its entirety to go outside the Nigeria situation.
1.8 Limitation of study
Some of the seemingly insurmountable problems encountered during the course of conduction of these researches are as follows:
a.Time constraint: Due to tight time schedule posed by the limited time interval as allowed by the school calendar for the academic session, there was virtually insufficient time to carry out an exhaustive or comprehensive study, particularly such as would enable for the collection of the required data from various (especially external) source.
b.Financial constraint: Inadequate finance was another limitation posed on this research work. I really needed to invest enough amount of money for transport fares, good quality typing and binding etc.
c.Inadequate reference materials: The consistent of reference materials are relevant or useful, textbook, journals, magazines etc. from which secondary data (which was the basic source of data for this study) are obtainable, however, some of this materials were not readily available in the school’s library.
1.9Definition of Terms
Banking Business: This is the business of receiving deposit in current account, savings account or other similar account.
Banking: This is the business of receiving from the public on current account money which is to be repayable on demand by cheque and of making advances to customers
Tags: Government regulation Impact of government regulation Importance of government regulation Banking Industry Development of banking industry
This material content is developed to serve as a GUIDE for students to conduct academic research
Delivery: Within 24 hours
Advertise Here
Not what you were looking for? Perform a search
What's your project topic?
Comment on Facebook:
Related Project Materials
- 1.
ASSESSMENT OF THE IMPACT OF AUDITING IN CONTROLLING FRAUD AND OTHER FINANCIAL IRREGULARITIES IN THE ...
INDUSTRY CHAPTER ONE INTRODUCTION Background of the Study It is no doubt that the Nigerian banking industry is characterized by a high level of compet...More »
Item Type: Project Material | 54 pages | 2,746 engagements |
- 2.
ASSESSING THE INFLUENCE OF INFORMATION TECHNOLOGY ON INTERNAL AUDITING PRACTICES - INVESTIGATING THE...
INVESTIGATING THE CHALLENGES OF AUDITING IN FINANCIAL INSTITUTIONS: A CASE STUDY OF INSURANCE COMPANIES IN CAMEROON CHAPTER ONE INTRODUCTION Backgroun...More »
Item Type: Project Material | 54 pages | 436 engagements |
- 3.
THE ADOPTION INFORMATION TECHNOLOGY AND THE IMPROVEMENT OF
CUSTOMER SATISFACTION OF SELECTED BANKS IN JOS PLATEAU STATE CHAPTER ONE INTRODUCTION 1.1 Background Of The Study All banks operating in Nigeria mu...More »
Item Type: Project Material | 54 pages | 2,991 engagements |
- 4.
THE IMPACT OF FEDERAL STUDENT LOAN INTEREST RATES ON BORROWER REPAYMENT BEHAVIOR IN NIGERIA
CHAPTER ONE INTRODUCTION Background of the study Student loans have become a crucial element of worldwide higher education finance. In the last ten...More »
Item Type: Project Material | 54 pages | 1,622 engagements |
- 5.
FINANCIAL TECHNOLOGY (FINTECH)AND CUSTOMER SATISFACTION IN NIGERIA. (A CASE STUDY OF OPAY)
CHAPTER ONE INTRODUCTION 1.1 Background of the study Globally, technology has permeated every facet of our lives, encompassing social interactions, ed...More »
Item Type: Project Material | 54 pages | 1,209 engagements |
- 6.
AN ASSESSMENT OF THE EFFECTS OF MULTIPLE BANK CHARGES ON THE CUSTOMER'S BANKING DECISION
CHAPTER ONE INTRODUCTION Background of the Study The selection of a banking institution may be impacted by various factors. Cost may or may not be the...More »
Item Type: Project Material | 54 pages | 1,671 engagements |