THE ROLE OF COMMUNITY BANKING IN THE
ECONOMIC DEVELOPMENT OF NIGERIA

 

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Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

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OR
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form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

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AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

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ABSTRACT

This project was a through research into the role of community banking in the economic development of Nigeria.
Its cardinality is to investigate the performance of community banks and to what extend they her contributed in the economic development of Nigeria especially in these rural areas they was established.
It also endeavoured to verify empirically the prudent management of these community barite and profer suggestions on how improvements can be made to ensure the envisioned returns on investment and contribution towards the economic well being of the nation are achieved.
Writing the linct of the analysis carried out it was observed that community bank have may pr0blems facing than due to the following reasons.
i. Inability to function very well in the rural area due to back of infrastructures.
ii. Lack of sufficient fund
iii. Lack of skille workers
iv. Lack of securities and packing spaces
The research work equally proffered suggestions to cushion, ameliorate and remedy the tainted situation such suggestion are.
a. Government should command the national board for community banks, to allow this community to expend and obtain loans outside community loose. Government double organize an intensive training scheme for the community banks.
This fill help these banks acquire trained staff.
TABLE OF CONTENT

Dedication
Acknowledgment
Abstract
Table of contents

CHAPTER ONE
1.0 Introduction
1.1 Purpose of the study
1.2 Significance of the study
1.3 Scope of the study
1.4 Limitation of the study
1.5 Definition of terms

CHAPTER TWO
2.0 Review of related literature
2.1 The need for the community banking in economic development of Nigeria

CHAPTER THREE
3.0 Research design and methodology
3.1 Location of data
3.2 Data analysis

CHAPTER FOUR
4.0 Summary of finding

CHAPTER FIVE
5.0 Recommendation
5.1 Conclusion
CHAPTER ONE

1.0 INTRODUCTION
BACKGROUND OF STUDY
When God created man, the lest man with divine injection as recorded in the holy file. Be fruitful and multiply and replenish the earth and subduing the word as a mega society and the rural areas as a micro society of the overall good of man economically, politically and socially and other.
The British Government has declared a protectorate over areas claimed by the company in 1887. Their on January, 1900, it took over direct administration of the area from the Royal Niger company.
In (1973) Nigeria continued in the march towards development in every fact of life as a new emerging nation in the West African region and y October, 1960, she was granted an independence statues. To crown the whole stickle of had already made, she granted a republican status in1963.
To grapple with the attendant problems as an emerging nation and satisfy its citizen various development plains were launched or were introduced to accelerate economic development was introduced to run from 1962 to 1968 but was extended to 1970 in the account of the civil war. During his period it witnessed the construction of the Niger. Dan project well as the development of reads light industries such as textile, rubber and groundnut processing which used agricultural crop’s and the encouragement of agricultural in the form institution ad loans addressor 1976.
Most community header especially during the colourial time saw developments as more provision of schools, post officers loan halls churches, mosques good roads, portable water, electricity and telephone. However in the development process came to put more emphasis on the improvement in the “Material conditions and living (Ofman) through the use of resources available to him.

1.1 PURPOSE OF THE STUDY
The purpose of community banking in the economic development of Nigeria are;
i. To know the extent the establishment of community banking system will protect economic development in Nigeria.
ii. To ascertain

PROBLEMS PROSPECTS AND GROWTH OF THE NIGERIAN’S QUENCHING SYSTEM

 

 

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Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

Note:  We accept bank transfer, ATM cash transfer , Online payment using your ATM , Western union bank transfer.  We will respond to you anytime of the day. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

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ABSTRACT

This study is intended primarily to find out why the Nigeria society appears to have lost confidence on the use of cheques for transaction. Whether this loss of confidence is as a result of people’s misuse of this instrument or due to some lapses in the chequeing system itself.
Based on the primary motivation, various major problems associated with the use of cheques were identified. However, the use of dud cheques appears to be the base of other problems, which have precipitated into people’s mistrust for cheque in Nigeria. The result according to the author’s findings, is the cash payment basis or bankers draft is usually preferred by individuals, establishments and government agents for settlement of transactions.
Furthermore, this study give a number of solutions and recommendation for more effective chequeing system in Nigeria based on the identified problem.
It is believed that the elimination of these problems will usher in a more functional chequeing system in Nigeria. Happily, the major finding of this study is that there was an increase in the use of cheques during the currency exchange of 1984, and that more employers new pay their workers with cheques through the bank.
TABLE OF CONTENTS

CHAPTER ONE
1.1 Introduction
1.2 Definition of terms
1.3 Purpose of the study
1.4 Significance of this study
1.5 Statement of problem
1.6 Limitation of the study
1.7 Reference

CHAPTER TWO
2.1 Definition of cheque
2.2 Characteristics of cheque
2.3 Parties to a cheque
2.4 Advantages of cheque
2.5 Disadvantages of cheque
2.6 Problems associated with the use of cheque
2.7 Types of cheque
2.8 Crossed cheques
2.9 Forms of cheque
2.10 Dishonour of cheque
2.11 Reference

CHAPTER THREE
3.1 Design and methodology
3.2 Location of study
3.3 Population for the study
3.4 Population sample
3.5 Instruments for data collection
3.6 Validity and reliability of the instrument
3.7 Methods of data collection
3.8 Data treatment technique

CHAPTER FOUR
CHEQUE AS AN IMPORTANT BANK INSTRUMENT FOR DAY TO DAY SETTLEMENT OF TRANSACTION.
4.1 Cheque as bills of exchange
4.2 Increasing use of cheque
4.3 Cheque clearing system
4.4 The clearing house
4.5 The clearing house operations
4.6 Clearing a cheque drawn on another clearing area
4.7 Clearing a cheque
4.8 Payment of cheque
CHAPTER FIVE
5.1 Conclusion
5.2 Production and cashing of Cheque
5.3 Accelerated (fast/Quick)
5.4 Education and training:
5.5 Local traveler’s Cheque:
Bibliography:

CHAPTER ONE

1.1 INTRODUCTION
The question is does an average Nigerian really understand what cheque is? Does he for example, know that cheque are supposed to be mind tenders for monetary transaction.
How does he use the instrument? Again do banks, government officials and their agent actually encourage the use of cheque and operate system without necessary suspicion. Have there been any serious efforts to educate banks, customers and the workings of the system? We are going to discuss the causes of this problem.
For instance, in America and Britain, most ever transaction is done in cheque or credit card without bordering anybody with the liquid cash. Therefore, Nigerians should be thinking as civilized people, though they can on no way compare their standard of organization, management and their affairs and responsibility with those of industrially advanced nations.
The idea of paying for ever thing on liquid should be left to the past. Payment by chequeing system should be over handled with an aim of making it function more effectively.
However, the writer is optimistic that despite all odds and problems facing the Nigerian chequeing system itself has quite a lot of prospects. That is never works well in Nigeria maybe attributed to machination of the operator of the system. As soon as the Nigerian society learns to be honest on their dealings and conscious on their work, the chequeing system will begin to work effectively people had the feelings that no one can be trusted and this makes them not to confide on cheque. But when the chequeing system start to work effectively, people will begin to trust one another, business transaction will begin to flow smoothly, loss of liquid cash to arrived robbers will be minimized and the naira will look afresh.
The aim of the project work is to as much as possible, identify the problem seemingly facing the Nigerian chequeing system, the prospects or the growth of all the system, if any will equally be high liquated. Therefore suggestion and recommendation will be advanced as means of making the chequeing system work more effectively in Nigeria.
To achieve all thee a conscious efforts must be made by the operation of chequeing system, and should be geared to wards educating the Nigeria public on the importance of the system. In this direction the government has a part to ply. The Banks and other financial institutions should Toin hands to save the Nigerian chequeing system from total collapse. There are some solution for more effective use of cheques on Nigeria, which we are going to treat on the next coming pages in order that Nigeria chequeing will prove more effectively. And most of these solutions has to be firstly solid by banks. When we look more closely we may fund out that the process of clearing cheques in bank is always a long process thereby frustrating the customers who is in need of the money thereby discouraging the customers from putting their money in bank.

THE IMPACT OF MARKETING STRATEGY IN NIGERIAN BANKING INDUSTRY

(A CASE STUDY OF FIRST BANK NIGERIA PLC)

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Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

Note:  We accept bank transfer, ATM cash transfer , Online payment using your ATM , Western union bank transfer.  We will respond to you anytime of the day. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

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ABSTRACT

 

CHAPTER ONE

INTRODUCTION

1.1     BACKGROUND INFORMATION

Marketing is the process of planning and executing the conception, pricing, promotion and distribution of ideas, goods and services, organization and event to create and maintain relationships that will satisfy individual and organizational objectives. It is fundamental to business growth. It basically includes getting goods and services to the final consumer satisfactorily.

The Nigeria banking sector has changed tremendously since the introduction of the Structural Adjustment Programme (SAP) on 1^st July, 1986. Prior to this period, most Nigerian banks engaged in an effort aimed at encouraging certain classes of customer resulting in rejection of deposits or accepting them on dictated terms due to the fact that there were few banks to render services to a considerably large numbers of customers which led to a decline profit volume.

However, the period between the SAP and now has witness various amendments of banking laws and policies ranging from BOFID 1991, to universal banking policy of 2001, various increased in the capital base e.t.c. these changes have therefore necessitated the need to find a way of promoting banking services, which is possible with the impact of marketing strategies in the banking sector.

It is surprising that banks have not been able to come up with a competitive and comprehensive approach for marketing of banking services and product. A close look at the recently concluded re-capitalization process showed evidently the above assertion. This process witnessed what is called “Aggressive Marketing” which is not a replete of what banking stands for in terms of integrity and utmost good faith.

The trend of the introduction of marketing department (marketing strategies) in banks is a welcome development and has made arm-chair banking part of the history of the banking sector. Bank marketing was thus defined as “that part of banking services profitability to selected customers”. The need for marketing in banks evolved from the intense competition from not only rival banks but also non-financial institutions. Staffs are placed on target to be achieved and are compensated or promoted using their ability to or not to meet their targets.

However, customers should be at the forefront in terms of the banks planning and corporate thinking. An organization cannot be talking of profit without considering the customers patronage that yields that profit. The strategic or corporate planner therefore has to take cognizance that the survival of a business rest solely on the customer. It can be seen that the relevance or importance of marketing to the banking industry cannot be over estimated.

The banks needs to make adequate returns because they are accountable to their shareholders who have invested with the purpose of receiving good returns. Also, the substantial cost incurred in the day-to-day operation must be sufficiently covered from the profit earned. For any bank therefore to meet these needs, the bank needs to make adequate returns. Meeting these needs is termed maximizing the shareholder’s wealth.

 

1.2     STATEMENT OF THE PROBLEM

Despite the importance of marketing strategy in the banking industry, there is a problem in their financial services and activities with particular reference to First Bank of Nigeria Plc.

During the era of arm-chair banking, the banks were very few and patronized by the indigenous people with no option, but following the increment of indigenous ones between 1945 – 1960 and the recent re-capitalization of banks’ capital base to N25billion has necessitated a dire need for banks to take marketing of their products very seriously. It is

THE IMPACT OF INFORMATION AND COMMUNICATION TECHNOLOGY ON CUSTOMERS SERVICE DELIVERY

(CASE STUDY OF UBA PLC)

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Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

Note:  We accept bank transfer, ATM cash transfer , Online payment using your ATM , Western union bank transfer.  We will respond to you anytime of the day. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE

TABLE OF CONTENTS

CHAPTER ONE

INTRODUCTION

1.1     Background of the study       –         –         –         –         –         –         1

1.2     Statement of Problem –         –         –         –         –         –         –         7

1.3     Objective of the study –         –         –         –         –         –         –         9

1. Research Questions     –         –         –         –         –         –         –         10

1.5     Statement of Hypothesis      –         –         –         –         –         –         11

1.6     Significance of the Study      –         –         –         –         –         –         11

1.6     Scope of the study        –         –         –         –         –         –         –         12

1.7     Definition of terms      –         –         –         –         –         –         –         12

CHAPTER TWO

LITERATURE REVIEW

2.1     Introduction        –         –         –         –         –         –         –         –         18

2.2     Conceptual Framework212.2.1     Information Technology

and the Common Banking Products       –         –         –         –         35

2.3     Theoretical Framework        –         –         –         –         –         –         39

2.4     Empirical Literature Review         –         –         –         –         –         45

CHAPTER THREE

RESEARCH METHODOLOGY

3.1     Introduction        –         –         –         –         –         –         –         –         56

3.2     Area of the study         –         –         –         –         –         –         –         56

3.3     Population and Sample Size of Study    –         –         –         –         56

3.4     Sources of Data  –         –         –         –         –         –         –         –         57

3.5     Method of Data Analysis      –         –         –         –         –         –         57

3.5.1  Test of Hypotheses and Inference –         –         –         –         –         57

3.5.2  Decision Rule and Justification     –         –         –         –         –         58

CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS

4.1     Introduction        –         –         –         –         –         –         –         –         59

4.2     Analysis of Respondent’s Demographic Variables   –         –         60

4.3     Data Analysis     –         –         –         –         –         –         –         –         63

4.4     Test of Hypothesis       –         –         –         –         –         –         –         69

4.4     Summary of Findings  –         –         –         –         –         –         –         70

4.5     Discussing of Finding  –         –         –         –         –         –         –         71

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATION

5.1     Summary   –         –         –         –         –         –         –         –         –         73

5.2     Conclusion –         –         –         –         –         –         –         –         –         74

5.3     Limitations of the Study       –         –         –         –         –         –         76

5.3     Recommendations       –         –         –         –         –         –         –         76

Bibliography       –         –         –         –         –         –         –         –         –         81

Appendix I –         –         –         –         –         –         –         –         –         –         82

Appendix II         –         –         –         –         –         –         –         –         –         83

 

CHAPTER ONE

INTRODUCTION

1.1    Background of the study

Information technology is a body of tools with the convergence of communication and computer. It is also series of machine, which can execute sequence of instructions. The sequence of instruction is a program made particularly flexible and not rigid and can be change depending on the information being processed (Goldberg, 2009).

The new millennium brought with it new possibilities in terms of information access and availability simultaneously, introducing new challenges in protecting sensitive information from some eyes while making it available to others. Today’s business environment is extremely dynamic and experience rapid changes as a result of technological improvement, increased awareness and demands Banks to serve their customers electronically. Banks have traditionally been in the forefront of harnessing technology to improve their products and services.

The Banking industry of the 21st century operates in a complex and competitive environment characterized by these changing conditions and highly unpredictable economic climate. Information and Communication Technology (ICT) is at the centre of this global change curve of Electronic Banking System in Nigeria today. (Stevens 2002).

Assert that they have over the time, been using electronic and telecommunication networks for delivering a wide range of value added products and services, managers in Banking industry in Nigeria cannot ignore Information Systems because they play a critical impact in current Banking system, they point out that the entire cash flow of most fortune Banks are linked to Information System.

The application of information and communication technology concepts, techniques, policies and implementation strategies to banking services has become a subject of fundamental importance and concerns to all Banks and indeed a prerequisite for local and global competitiveness Banking.

The advancement in Technology has played an important role in improving service delivery standards in the Banking industry. In its simplest form, Automated Teller Machines (ATMs) and deposit machines now allow consumers carry out banking transactions beyond banking hours.

With online banking, individuals can check their account balances and make payments without having to go to the bank hall. This is gradually creating a cashless society where consumers no longer have to pay for all their purchases with hard cash. For example: bank customers can pay for airline tickets and subscribe to initial public offerings by transferring the money directly from their accounts, or pay for various gods and services by electronic transfers of credit to the sellers account. As most people now own mobile phones, banks have also introduced mobile banking to cater for customers who are always on the move. Mobile banking allows individuals to check their account balances and make fund transfers using their mobile phones. This was popularized by First Atlantic Bank (now First Inland Bank) through its “Flash me cash” product Customers can also recharge their mobile phones via SMS. E-Banking has made banking transactions easier around the World and it is fast gaining acceptance in Nigeria.

The delivery channels today in Nigeria electronic Banking are quite numerous has it is mentioned here Automatic Teller Machine (ATM), Point of Sales (POS), Telephone Banking, Smart Cards, Internet Banking etc Personal computers in the Banking industry was first introduced into Nigeria by Society Generale Bank as the popular PC easy access to the internet and World Wide Web (www) and internet is increasingly used by Bank’s as a channel of delivering the products and services to the numerous customers.

Virtually almost all Banks in Nigeria have a web presence; this form of Banking is referred to as Internet Banking which is generally part of Electronic Banking. The delivery of products by banks on public domain is an indication of advertisement which is known has E-Commerce. Electronic commerce on the other hand is a general term for any type of business or commercial transaction it involves the transfer of information across the internet. E-Commerce involves individuals and business organization exchanging business information and instructions over electronic media using computers, telephones and other communication equipments. This covers a range of different types of business from consumers to retails products.

However, Electronic banking as it is; is a product of E-Commerce in the field of banking and financial services. It’s offers different online services like balance enquiry, request for cheque books, recording stop payment instructions, balance transfer instructions, account opening and other form of traditional banking services. The Internet allows businesses to use information more effectively, by allowing customers, suppliers, employees, and partners to get access to the business information they need, when they need it. These services all translate to reduced cost: there are less overhead, greater economies of scale, and increased efficiency.

The internet is revolutionizing sales techniques and perceptions of leading brands, and the internet is intensifying competition in all its forms. Banking are continuing to use the internet to add value for their customers; but in order for this to work effectively – maximizing opportunities, reducing risks and overcoming problems – an E-Banking strategy is required as an impact.

The growth of the Web and Internet as new channels, the growth in their use by customers, the growth in their use by customers, and the floor of companies entering the market, presents a series of key challenges to companies. It is easy and cheap to put up a website.

But to create an environment delivering effective service on the Web to a significant proportion of your customer base requires an E-Banking strategy.

Electronic Banking offers different online services like balance enquiry, request for cheque books, recording stop payment instructions, balance transfer instructions, account opening and other form of transitional Banking services.

The impact of information Technology on service delivery in banks  cannot be overemphasis. Hence the need to investigate it impact on service delivery in UBA Kakuri branch in Kaduna.

1.2    Statement of Problem

In Nigeria, customers of banks today are no longer about safety of their funds and increase returns on their investments only. Customers demand efficient, fast and convenient services. Customers want a Bank that will offer them services that will meet their particular needs (personalized Banking) and support their Business goals for instance; businessmen want to travel without carryout cash for security reasons. They want to be able to check their balance online, find out if a cheque is cleared, transfer funds among accounts and even want to download transaction records into their own computer at work or home. Customers want a preferential treatment and full attention by their choice Bank. All these are only achievable through the use of ICT: In line with rendering qualities and

THE EFFECTIVENESS OF MONETARY POLICY IN CONTROLLING INFLATION IN NIGERIA

 

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COMPLETE PROJECT  MATERIAL COST 2500 NAIRA OR $10 , WITH THE SOFTWARE 30,000 NAIRA

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Note: our case study can be change to suit your desire location . we are here for your success.

                                   ORDER NOW

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

Note:  We accept bank transfer, ATM cash transfer , Online payment using your ATM , Western union bank transfer.  We will respond to you anytime of the day. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE

 

 

ABSTRACT

This research work was embarked to study the effectiveness of monetary policy in controlling inflation in Nigeria. The need to the study was informed by the tend inflationary growth over the years and also the impact of the inflation in achievement of the five basic economic growth, price stability, high level of employment and law inflationary rate for favourable balance of payment. Many research work have been carried out on the issue previously but despites all the goods policies of government and its agent these goal have remained elusive over the years. There was therefore a need for a study data was gathered throughout the secondary source which include money supply gross domestic product and the inflationary rate for a period.
TABLE OF CONTENTS
Title page ii
Approval page iii
Dedication iv
Acknowledgement v
Abstract vi
Table of content vii
CHAPTER ONE
Introduction 1
1.1 Background of the study 1
1.2 Statement of the study 2
1.3 Objective of the study 4
1.4 Significance of the study 4
1.5 Limitations of the study 6
CHAPTER TWO
2.1 Review of related literature 7
2.2 Objective of monetary policy 10
2.3 Instruments of monetary policy 11
2.4 Inflation in nigeria 14
2.5 Type of inflation 16
2.6 Causes of inflation 17
CHAPTER THREE
Research design and methodology 19
3.1 Source of data 19
3.2 Secondary data 19
3.3 Location of data 19
3.4 Methods of data 20
CHAPTER FOUR
4.1 Findings 22
CHAPTER FIVE
Recommendations and conclusion 25
5.1 Recommendations 25
5.2 Conclusion 26
Bibliography 27

CHAPTER ONE

INTRODUCTION
1.1 BACKGROUND OF THE STUDY
In Nigeria the central bank which is at the apex of the banking apples a variety of policy measure and technique with which to control and regulate money and credit in other to attain the desire for necessary to sue the package of discussing the efficiency or other wise of general economic management strategies.
Government policy statement clearly revered that inflation become a problem in Nigeria about early 1970s.
The contention can be sustained further by the fact that the economic began to experience double digit rate of inflationary from the early part of the decade probably the power of the inflation is not peculiar to Nigeria government, But it is generally problem confronting Nigeria government to attain a higher level of economic development as the period generally lead to inflation any spiral in the country.
But whether inflation in Nigeria is due to monetary mismanagement on the part of the authorities concerned or caused by inherent structure deficiency still remain uncertain, many factors have been identified to be responsible for inflationary pressure in the economic in a symposium in Nigeria held sometime go, mot of the participants stressed on money supply nature of government expenditure limitation in real output and the influence comported as the major causes inflation in Nigeria.
In the process of formulating monetary policy, it is of government.

1.2 STATEMENT OF THE PROBLEM
Many attempts have been made by the Nigeria authorities to attain higher rates generally being accompanied by certain digress of price increase in recent into years.
The phenomenon developed into several and pronged inflation and stagflation indeed, it is increasingly being recognized that a process of rapid economic growth is likely to provoke inflation and pressure.
However, whether the problem of inflation in this country is due to mismanagement of monetary policy tools structural deficiencies still remain a contriver sail mother.
During the last decade, the problem of inflation or reflation to economic growth and development have been extensively discussed. This problem is not peculiar to Nigeria, but has ashamed global phenomena on. It is generally agreed world wide that inflation is socially