The project set out to examine the role of commercial banks to economic
1.1 background of the study
commercial banks are financial institutions that deal with money and credit and also receive deposits from the public and organizations; some of which are repayable on demand by cheque. Commercial banks are public limited companies owned by shareholders. They operate in commercial basis, that is, they are out to maximize profits by trading in money. They differ from other banking financial institutions because they honour cheques drawn by their customers on their demand deposit.
The role of commercial banks in transforming the economic framework of
Consequently, in-depth investigations were conducted in the following:
loans given by commercial banks to economic sectors in
analysis of the problems of economic development in
(3) Suggestions on how to alleviate some of the problems in order to achieve the derived objectives.
1.2 statement of the problem
Commercial banks in
(1) The tedious procedures usually associated with opening of bank accounts and granting of bank facilities.
The problem of
low capital base on
(3) The problem of easy access to bank services.
If the above stated problems are properly tackled,
commercial banks would be able to play major roles in ensuring economic
several studies have been undertaken to investigate the roles of commercial
banks to economic development in
1.3 Objectives of the Study
The main objective of this study is to examine the
role of commercial banks to economic development in
(1) Econometrically determine the contribution of commercial bank loans to preferred sectors.
(2) Identifying of the constraints toward the granting of loans and advances.
(3) Examine the impact of commercial bank loans
to economic development in
1.4 Research Questions
The research is guided by the following questions:
What are the
impacts of commercial bank loans to economic development in
(2) What are the constraints towards granting of loans and advances?
(3) What is the contribution of commercial bank loans to preferred sectors of the economy?
1.5 research hypothesis
Null Hypothesis: The activities of commercial banks have no significant impact to the growth and development of the economy.
Alternative Hypothesis: The activities of commercial banks do have a significant impact to the growth and development of the economy.
1.6 SIGNIFICANCE of the Study
The study is hoped to add to whatever that is
already known in terms of the problems of funding of economic sectors in the
area of the study. Thus, it will be of immense help to the commercial banks in
On a personal note, this study would be an invaluable asset to this researcher as a progressive student of economics. Finally, Future researchers both students and non-students would also find this study indispensable.
1.7 Scope and limitations of the study
This research covers the periods between 1980 – 2008. Moreover, the study is limited to the Nigerian economy. It is equally limited by time and limited sources of data. There are time also constraints in the process of carrying out the research due to inaccuracy of data. It is sometimes impossible to underestimate or overestimate.
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