SAVINGS MOBILIZATION FAR ECONOMIC DEVELOPMENT IN NIGERIA BANKING INDUSTRY (1990 – 2004) CASE STUDY OF UNION BANK OF NIGERIA PLC

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ABSTRACT

The research was based on the topic “mobilizing Domestics savings for economic growth and development in the banking industry. (A case study of Union Bank of Nig PLC 1999 – 2000. In carrying out this research, I examined thoroughly. The various factors, which militates severely against the effective and efficient mobilization of domestic savings these factors were identified to range from the level of income earned of the saver. The interest rate that the bank pays on depots of customers, to the effect of bank distress syndrome in the banking industry.

Efforts were geared towards recommending various measures the bank can use to improve greater mobilization of domestic resources in our bank. The various ways through which an increase in domestic savings mobilization can also effect on increase in economic growth and development were also identified. These include granting of loans and overdraft of to deficit customer, assisting in the provision of amenities to the host community generating employment and affirming of scholarship and promotional programmes. The research was accomplished through the use of questionnaires and secondary data. The testing and analysis of relevant data obtained were done through the use of chi – square statistical test techniques.

TABLE OF CONTENTS

Title page ii

Dedication iii

Approval page iv

Acknowledgement v

Abstractvi

Table of Contents viii

CHAPTER ONE

INTRODUCTION 1

1.1Background of study 1

1.2Statement of Problem4

1.3Purpose / Objective of Study5

1.4Research Questions6

1.5 Research Hypothesis 7

1.6Significance of the Study 9

1.7Scope , Limitations and Delimitation 10

1.8Definitions of terms 11

Reference 13

CHAPTER TWO

Review of related literature 14

2.1Domestic Financial Resource Mobilization

Efforts of the Nigeria Financial System 15

2.2Principal Sources of Savings 17

2.3Constraints to Effective Mobilization of

Savings for Economic Growth and Development 19

2.4Effect of Bank Distress in Mobilization of Savings.

2.5Effects Of Income Earned To Savings Mobilization 25

2.6Effect Of Interest Rate In Mobilization

Of Domestic Savings 29

2.7Strategies for Improving Mobilization Or

Savings in Union Bank of Nigeria Plc 31

Reference37

CHAPTER THREE

Research Design and Methodology38

3.1Research design38

3.2Area of Study38

3.3Population 39

3.4Sample and Sampling Techniques 39

3.5Instruments of data collection 40

3.6Methods of Data Analysis 42

CHAPTER FOUR

Data Presentation and analysis44

4.1Data Presentation44

4.2Test of hypothesis52

CHAPTER FIVE

Findings Recommendations and conclusion 63

5.1Summary of Findings63

5.2Conclusion65

5.3Recommendation66

Bibliography69

Appendix71

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SAVINGS MOBILIZATION FAR ECONOMIC DEVELOPMENT IN NIGERIA BANKING INDUSTRY (1990 – 2004) CASE STUDY OF UNION BANK OF NIGERIA PLC

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