Determinants of savings in nigeria
Table Of Contents
Project Abstract
This study examines the determinants of savings in Nigeria between 1980 -2007, which will enable us to proffer solution for the improvement of savings in the economy, since it is an important component of the economic development of any country. On the basis of available data, the study is of the view that savings output in Nigeria during the period was generally unsatisfactory and discouraging until of late when it was recognized as an important ingredient for growth and development. It was discovered that real GDP per-capita has the highest effect on financial savings in this research work.
The findings of this research work shows that for savings to rise to a significant level in the economy, incentives on savings should be grossly considered by the public, private and government. Savings here refers to the deposit and liabilities acquired by the organized financial institutions including bank and non-bank financial intermediaries. Policy recommended included strengthening the legal framework of the financial sector, creating and maintaining a stable macroeconomic environment for savings and investment, development of appropriate saving scheme, fostering the development of the money market and the facilitation and establishment of the financial institutions and their branches in the rural areas, as well as the financial instruments and services they offer.
Project Overview
This study examines the determinants of savings in Nigeria between 1980 -2007, which will enable us to proffer solution for the improvement of savings in the economy, since it is an important component of the economic development of any country. On the basis of available data, the study is of the view that savings output in Nigeria during the period was generally unsatisfactory and discouraging until of late when it was recognized as an important ingredient for growth and development. It was discovered that real GDP per-capita has the highest effect on financial savings in this research work.
The findings of this research work shows that for savings to rise to a significant level in the economy, incentives on savings should be grossly considered by the public, private and government. Savings here refers to the deposit and liabilities acquired by the organized financial institutions including bank and non-bank financial intermediaries. Policy recommended included: strengthening the legal framework of the financial sector, creating and maintaining a stable macroeconomic environment for savings and investment, development of appropriate saving scheme, fostering the development of the money market and the facilitation and establishment of the financial institutions and their branches in the rural areas, as well as the financial instruments and services they offer.
Blazingprojects Mobile App
📚 Over 50,000 Project Materials
📱 100% Offline: No internet needed
📝 Over 98 Departments
🔍 Software coding and Machine construction
🎓 Postgraduate/Undergraduate Research works
📥 Instant Whatsapp/Email Delivery
Related Research
The Impact of Minimum Wage Policies on Employment Levels in Developing Countries....
The Impact of Minimum Wage Policies on Employment Levels in Developing Countries is a crucial research topic that delves into the complex relationship between l...
The Impact of Artificial Intelligence on Labor Markets: A Case Study of the Retail I...
Overview: The advent of artificial intelligence (AI) has brought about significant changes in various industries, including the retail sector. This research pr...
Analyzing the impact of government policies on income inequality in developing count...
The project topic, "Analyzing the impact of government policies on income inequality in developing countries," focuses on investigating how government...
The Impact of Cryptocurrency Adoption on Traditional Banking Systems: A Comparative ...
The project topic "The Impact of Cryptocurrency Adoption on Traditional Banking Systems: A Comparative Analysis" delves into the evolving landscape of...
The Impact of Global Trade Policies on Income Inequality in Developing Countries...
The research project titled "The Impact of Global Trade Policies on Income Inequality in Developing Countries" aims to investigate and analyze the rel...
The Impact of Foreign Direct Investment on Economic Growth in Developing Countries...
The project topic "The Impact of Foreign Direct Investment on Economic Growth in Developing Countries" delves into a critical aspect of economic devel...
The Impact of Government Policies on Income Inequality: A Case Study of [Country]...
The research project titled "The Impact of Government Policies on Income Inequality: A Case Study of [Country]" aims to investigate the relationship b...
The Impact of Foreign Direct Investment on Economic Growth in Developing Countries: ...
The project topic, "The Impact of Foreign Direct Investment on Economic Growth in Developing Countries: A Case Study Approach," aims to delve into the...
Analyzing the Impact of Fiscal Policy on Economic Growth: A Case Study...
The research project titled "Analyzing the Impact of Fiscal Policy on Economic Growth: A Case Study" delves into the significant relationship between ...
