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 of Central Bank of Nigeria plays in the regulation of Nigerian economy using the 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 the regulation of the economy using monetary policy. To solve the research problem, primary and secondary data were collected. The research instrument used in collecting the data were the questionnaires and oral interview. The respondents comprised of the top business executions both private and public servants. The population of the study and the population sample is 100 and 80 respectively. The researcher employed statistical techniques of simple percentage frequency to analyze the data collected. The researcher’s findings showed that while monetary policy has been vital tool used by the Central Bank of Nigeria to regulate the economy, some hindrances still arise as a result of some variables such as socio-political problems. However, the researcher is of the view that the Government, the Central Bank of Nigeria and other relevant monetary authority are able to come up with some policies such as fiscal policies to augment the monetary policy, the Nigerian economy will surely be best managed.

TABLE OF CONTENTS

Title pageii

Approval pageiii

Acknowledgementiv

Table of contentsvi

Abstractv

CHAPTER 1: INTRODUCTION

Background of the study1

Statement of problem3

The purpose of the study4

Significance of the Study5

Scope of the study6

Research questions6

Definition of terms7

CHAPTER 2: LITERATURE OF RELATED LITERATURE

Meaning of bank8

Brief history and meaning of CBN10

Objectives and functions of CBN14

The role of central bank in economic development20

Regulatory monetary policy of CBN24

The problems of Nigeria economy33

CHAPTER 3: RESEARCH METHODOLOGY AND DESIGN

Research design39

Area for the study40

Population for the Study41

Sample and sampling procedure40

Instrument for data Collection41

Validity of the Instrument41

Reliability of the Instrument42

Method of data Administration of the Instrument42

Method of Data Analysis42

CHAPTER 4: PRESENTATION AND ANALYSIS OF DATA

Presentation and analysis of data43

CHAPTER 5: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION

Summary of findings51

Recommendation52

Limitations of the study54

Reference56

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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