ABSTRACT

The study was done to ascertain the role which central bank of Nigeria played in the regulation of Nigeria economy through 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 monetary policy through central bank of Nigeria.

To solve the research problem, primary and secondary data were collected.  The research instruments used in collection the data were questionnaires and oral interview.  The respondents comprised of the top business executives both private and public servants.

In organizing and presenting data collected, tables and percentages were used questionnaires.

Data analysis and interpretation gave the following findings:

1. Most respondents were of the opinion that corruption and political instability hinders economic growth of Nigeria.

2. Respondents showed that central bank is not doing enough in the regulation of Nigeria economy.

3. 76 respondents maintained that the economy of the country is in a state of near collapse.

TABLE OF CONTENTS

Title page ii

Approval page iii

Acknowledgement iv

Abstract v

Table of contents vi

CHAPTER ONE

1.0 Introduction 1

1.1 Background of the study 1

1.2 Statement of problem 4

1.3 The purpose of the study 5

1.4 Scope of the study 5

1.5 Research questions 6

1.6 Significance of the study 6

1.7 Definition of terms 7

CHAPTER TWO

2.0 Literature review 9

2.1 Meaning of bank 9

2.2 Brief history and meaning of CBN 11

2.3 Objectives and functions of CBN 16

2.4 The role of central bank in economic development 22

2.5 Regulatory monetary policy of CBN 26

2.6 The problems of Nigeria economy 34

CHAPTER THREE

3.0 Methodology 40

3.1 Research design 40

3.2 Area for the study 40

3.3 Population for the study 41

3.4 Sample and sampling procedure 41

3.5 Instrument for data collection 42

3.6 Validity of the instrument 42

3.7 Reliability of the instrument 43

3.8 Method of data administration of the instrument 43

3.9 Method of data analysis 44

CHAPTER FOUR

4.0 Presentation and analysis of data 45

CHAPTER FIVE

5.0 Summary of findings, recommendations and conclusion             53

5.1 Summary of findings 53

5.2 Conclusion 54

5.3 Recommendation 56

5.4 Limitations of the study 57

Reference 59

Appendix 61