ABSTRACT
In the last fifteen years Nigeria has been experiencing the most serious economic crisis. The first major factor that put the country’s small – scale on the tendons position was the main stay of the economy. Nigeria being among the major producer of crude oil, suffered adversely from the effects of hurt in the world oil market. Nigeria depend on oil exportation for over 90% of its foreign exchange earning and 85% it government revenue. An appraisal of the contribution and constraints militating against effect fulfillment of bank objectives is provided. I also observed that if banks declare huge profit in a year, it is for the benefit of the economy since part of it is invested in preferred sectors of the economy. And as well will invariably create employment. Situation where government takes action to penalize bank for declaring so called huge profits leaving out manufacturing and oil companies is not encouraging at all. A case in point in the natural housing funds decree of 1990, which require banks and insurance companies to invest an amount equipment to not less than 10% of their loan and advance rate. Or above these current account rate. Such policy, it must be enforced, it should cut across all sectors of economy.
CHAPTER ONE
CHAPTER TWO
2.1 Historical background of Commercial Bank - 12
CHAPTER THREE
3.0 Summary, Conclusion and Recommendation - 27
Bibliography - - - - - - - 34
CHAPTER ONE
1.0 INTRODUCTION
The aim of every government is to provide its people with basic services, leadership and protect the entire people’s interest within its power, for a government to do this, it must have a sound and adequate financial planning to make it possible to cater for the people’s need
To a large extent, any government which comes into power has to depend on banks and other financial institution for keeping of some of its development project also, the government agencies and general pubic depends largely on loan from the banks to carry out their day to day business affairs.
Generally, the main aim of every bank is to minimize the last to running affairs of the bank and at the same time maximizes owner’s profit. Some bank like the Central Bank of Nigeria (CBN) and development banks, the farmers have the main aim of correcting the economy while the later one established purposely to develop some sector of the economy.
Note: Eg. Industry, agriculture etc. This bank despite the fact that they make profit, they are not profit oriented.
Therefore, this research is based on the role played by commercial banks to the Nigeria economy with particular interest.
1.1 STATEMENT OF GENERAL PROBLEM
The present improvement in the banking industry may not wholly attributed to the rapid increase in the number of banks but is the rapid growth of our economy that brought about by the structural adjustment programme (SAP)
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