The role of financial institutions in the development of Nigeria economy Department:Accountancy By: joysam Project ID: 660 Rating: (3.7) votes: 15 Price:₦1000 Get the Complete MaterialAbstractThe project is centered on the role of financial institutions in the development of Nigerian economy. Financial institutions are intermediaries between the owners of fund and users of these funds. The problems that necessitated this study are: the underdevelopment of the Nigerian economy despite the roles and activities of financial institutions in resource mobilization. Low investment rate despite the fund mobilization from the surplus unit to the deficit unit. Poor contribution of the non bank institutions to the economy due to public perception of them. The objectives of this research work is to, discover the relevance of the financial institutions in the development of economy. Look at the various avenues surplus, funds are mobilized and channeled to the deficit units. Investigate what contributions the financial institutions have made to the economic development of the nation ever since their forms inception. Compare and evaluate the traditional and developmental functions of the commercial banks and others with respect to the economic growth and development .to be able to discuss and analysis this, the researcher used primary and secondary data, the questionnaire were presented in tabular form and analysis of hypothesis were conducted using the chi-square based on the analysis and interpretations of the result the following findings and recommendations were made, it was clear from the analysis that commercial banks are performing their role of shifting funds from surplus unit to deficit unit. The researcher concluded with the following recommendations that financial institutions should channel more funds to the rural areas, financial institutions are to be further encouraged to help stimulate investment so as to create employment opportunities in the economy. ...Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»Effect of misrepresentation of information in a financial statement»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»The effects of computerized accounting system on the performance of banking industry in Nigeria»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )