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.
TABLE OF CONTENTS
TITEL PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGMENT
ABSTRACT
TABLE OF CONTENTS
CHAPTER ONE
INTRODUCTION
1.1 Background of Study
1.2 Statement of Problems
1.3 Aim of study
1.4 Objectives of the Study
1.5 Statement of Hypothesis
1.6 Significance of the study
1.7 Scope and limitation of the study
CHAPTER TWO
LITERATURE REVIEWS
2.1 Stylized evolution of savings in Nigeria
2.2 Trend of savings in Nigeria
2.3 Theoretical review and Evidence
2.4 Empirical review and Evidence
2.5 Factors influencing savings in Nigeria
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Model Specification
3.2 Method of Evaluation
3.3 Economic Apriori Criteria
3.4 Data Required and Source
CHAPTER FOUR
PRESENTATION OF REGRESSION RESULTS
4.1 ADF Test for Stationary
4.2 Co integration test
4.3 Presentation of model results
4.4 Economic interpretation of results
4.5 Statistical Criteria for Evaluation of Result (R2)
4.6 Econometric criterion (Second order test)
4.7 Evaluation of the hypothesis
CHAPTER FIVE
SUMMARY, RECOMMENDATIONS AND CONCLUSION
5.1 Summary of Findings
5.2 Policy Recommendations
5.3 Conclusion
Bibliography
Appendixes
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The financial system is a collection of various institutions, markets, instruments and operators that interact within an economy to provide financial services. The services provided include resource mobilization and allocation, financial intermediation and foreign exchange transactions. The Nigeria financial system can be categorized into two viz; the formal or organized and informal or unorganized financial system. The informal sector comprises of local money lenders...================================================================
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