ABSTRACT
This research work was undertaken to find the expected impact of OMO are the reduction of unemployment associated with price level stability. The prospect of Omo was also to find whether or not the production omo reduce inflationary rate, economic growth and others such as exchange rate stability and balance of payment equilibrium. To guide this study, four questions a review of literature was evolved to broaden the research knowledge on what others have already done in the monetary authority adopted open market operation of Omo as the only instrument of monetary policy in Nigeria. This will make its implementation to be more effective. These should be a high degree of commitment and seriousness on the part of the official staff of the monetary authority as regards the implementation of the contents, directive of omo in Nigeria. The data collected were critically analyzed in chapter four, findings, were summarized in chapter five, conclusion and recommendations were made. The objectives of omo had been achieved in the Nigeria economy to a certain degree as it reduced unemployment and make price level stable, economic growth as well as exchange rate stability.
PROPOSAL
Project topic “An evaluation of the effectiveness of open market operation as a monetary control instrument in Nigeria by central bank of Nigeria. This topic is made up of 5 chapters. Chapter 1 is consists of the introduction, statement of the problem, purpose and its significance. Chapter two talks about literature review which comprises of some textbook, inertness ands newspaper, whole chapter three talks about the research method and sampling method. Moreover, chapter four deals with the analysis of data or data analysis which shows the clear practical work of the project. Finally, recommendation of the conclusion, findings, recommendation of the effectives of open market operation as a monetary control instrument by central bank of Nigeria.
TABLE OF CONTENTS
Title pageii
Approval Pageiii
Acknowledgementiv
Dedicatedv
Abstract vi
Proposal vii
Table of Contentsviii
CHAPTER ONE
1.0Introduction
1.1Background of the study 1
1.2Statement of the problem3
1.3Purpose/ Objective of the study4
1.4Research Question 5
1.5Research Hypothesis 5
1.6Significance of the study7
1.7Scope Limitation and Delimitation 7
1.8Definition of term7
CHAPTER TWO
2.0Literature Review9
2.1 Open Market Operation 10
2.2The Major Participation in the Open Market in Nigeria 12
2.3Institution al Arrangement for the Implementation OMO in Nigeria 14
2.4An Examination of the Operational Procedure 16
2.5Some of the Instrument of Omo in Nigeria 18
2.6The Expected Impact of Omo in Nigeria 25
CHAPTER THREE
3.0Research Methodology27
3.1Area of Study 27
3.2Population of the study28
3.3Sample and Sampling Techniques 29
3.4Instrument of Data Collection 31
3.5Method of Data Presentation32
3.6Method of Data Analysis33
References
CHAPTER FOUR
4.0Data presentation and Interpretation
4.1Data Presentation35
4.2Testing of Hypothesis38
Reference
CHAPTER FIVE
5.0Summary of Findings, Recommendation and Conclusion
5.1Findings 42
5.2Recommendation44
5.3Conclusion 45
Bibliography
Appendix
Questionnaire
