Description
ABSTRACT
The credit guidelines are those monetary policy instruments used by the monetary authorities particularly the Central Bank to influence the supply, allocation and cost of credit with view to attaining specific macro-economic objectives in the country. It is a deliberate measures aimed at controlling the qualitative supply of money. Some of the goals are directed towards steering and maintaining the economy at its full potential output to attain full employment, to achieve a balance of payment equilibrium and to moderate inflationary pressures.
The objectives of the study includes the examination of credit guidelines, to identify factors militating against the realization of the guidelines, to evaluate the Central Bank’s method of compliances, to identify areas of frictions (if any) between the CBN and the government and to make recommendation for the effective improvement of the policy guidelines.
Using the correlation analysts and chi-square distribution, four hypothesis listed below were tested.
i. The effectiveness of monetary and credit policy in credit guidelines in Nigeria economy
ii. CBN is autonomous in the real sense of it.
iii. Some banks violate some of the guidelines in preference to paying fines.
iv. CBN encounter problems while ensuring compliances by banks and other financial institutions.
Source of data used included primary and secondary sources. Primary data involved interviews and use of questionnaires while the secondary data were sourced from the CBN library, literature in the field of economics, banking and finance.
Recommendation and conclusion were based on find lasting solution to improve the operation of the credit guidelines in Nigeria.
TABLE OF CONTENTS
Title Page
Approval Page
Dedication
Acknowledgement
Abstract
List of Tables
Table of Contents
CHAPTER ONE
Introduction
1.1 Background of Study
1.2 Statement of the Study
1.3 Objectives of the Study
1.4 Significance of the Study
1.5 Statement of Hypothesis
1.6 Scope and Limitation
1.7 Definition of Terms
CHAPTER TWO
Review of related literature
2.1 Literature Review
2.2 Objectives of Credit Guidelines Policy
2.3 Instrument of Credit Guidelines
2.4 The Credit Guidelines Historical Perspective
2.5 Banking System Credit to the Economy
2.6 Sectoral Allocation of Commercial
Banks Loan and Advances
2.7 Money Supply in Nigeria
2.8 Price Stability
2.9 Economic Growth
2.10 Balance of Payment
2.11 The Financial Institution, the CBN
and Some of their Operations
2.12 Analysis of the 2000 Credit and
Monetary Policy Instruments
CHAPTER THREE
Research Design and Methodology
3.1 Source of Data
3.2 Questionnaire Design
3.3 Method of Investigation
3.4 Sampling Population and Sample Size
3.5 Determination of Sample Size
3.6 Method of Questionnaire Distribution
CHAPTER FOUR
Data Analysis
4.1 Data Presentation and Analysis
4.2 Testing of Hypothesis
CHAPTER FIVE
Summary of Findings, Recommendation and Conclusion
5.1 Summary of Findings
5.2 Recommendation
5.3 Conclusion
Bibliography
Appendix