TABLE OF CONTENT
CHAPTER ONE
INTRODUCTION
Background of study.
Statements of problem.
Purpose f the study
Scope of the study
Research questions
Significance of the
study
Limitations of the study
Definition of terms
Reference
CHAPTER TWO
Review of related
literature
Central bank of Nigeria
policies of financial instruction
Nigeria financial review
in the financial institution
Union bank of
Niger operational rules & regulation
Government new policy on
financial instruction
Government roles in
financial institution
Reference
CHAPTER THREE
RESEARCH DESIGN AND
METHODOLOGY
Research design
Method of
investigation
Sample and population
size
Instrument of data
collection
Method pf data analysis
Validation of the
instrument
Reliability of the
instrument
Reference
CHAPTER FOUR
Analysis of DATE AND presentation and result
Summary of
result/research question
Reference
CHAPTER FIVE
Summary of the study
Finding
Conclusion
Implication of research
finding
Recommendation
References
Bibliography
Appendix
Questionnaire
CHAPTER ONE
INTRODUCTION
Management has been
defined as the process of combining and utilizing organization resource of
managerial to accomplish organization objectives. It is also a process
entailing responsibility for effective planning and regulation of operation in
a enterprise in fulfillment of a given purpose or task.
What then do we actually
means by interference?
Interference according
to Websters dictionary is to take and active but unwelcome part in some else’s
activity.
In this study is has
been revealed that this interference on financial institution by government as
a whole is a noble in the right direct. This Niger financial system is
very vibrant and highly competitive they have four basic product lines in the
banking industry such as deposit base product lending base product fee base
products and technology based product. This was instituted by the
observation during the research that financial institution benefited immensely
by the government on the financial intuition.
It is a well know fact
that number of service financial institutions offers have increased but risk
taking which is fundamental nature of their business remains unchanged.
This has led to conclusion that management is financial institution is
surrounded with risk management which involves mismatches of assets and
liabilities on other side and it is cost borrowing and lending on the other
side. The economy and to nurture it a lone the path of development
been. The role of financial institution mostly banks has been constrained
by number of facts in too past. Price to now the industrial sectors has
been characterized by massive government involvement because of weak
technological base lack of linkages in infrastructure and policy
investment highly production cost and goods that were
uncompetitive internationally. Over all the micro economic environment
was highly unstable witnessing capital fight high interest or inflation
rates negative real growth rates and fiscal excesses. With an external
debt burden of about 27.4 6 as the end of 1997,t he repayment burden put constraint
on growth.
Since 1995 however the
federal government been able to store some measure of fiscal discipline through
low budget deficits which achieved stable interest and exchange rates regimes
while pushing down inflation to a simple digit of 8.5 percent in 1998
Aggressive reform and
sanitation of the financial institution source were pursued. On the
other hand little or no attention was paid to the vital area of privatization
of government utilities liberalization of the economy and improvement
of infrastructure.
The above review of the
economy has been undertaken and other financial institution were supposed
to operate and provide financial to the industrial sector
Therefore, form the
above review the researcher wants to use this study to explore those factors
emanated from government interference in the management of financial
institutions that inhibited them from effectively discharging their
responsibility to the economy generally using the rules and regulation of
union bank PLC to determine the extent it has contributed both positively and
the negative part of such interference in the institution
1.1 BACKGROUND
OF THE STUDY
The Nigeria institution
is very vibrant and highly competitive. It consist of 105 viable commercial and
merchant banks. Which are privately owned with a total of 2,400 branches
and 5 development bank such as NBC NIDB, PBN and FMSN owned by the government.
There are about 200 registered non bank finance houses of various sizes part of
the structural adjustment programme (SAP) introduced in 1986 was the expansion
and diffusion of the banking sector had growth to 67 commercial and 55 merchant
banks 45 primary mortgage institution 228 branched of the people bank 618
finance companies 48 fully licensed by the CBN) 401 community banks and
specialized bank by this the null 1990’s there was endemic distress in the
financial system which led eventually to collapse of many of the
institutions in the industry. Many commercial and merchant bank were
liquidated with 26 bank (13 each of commercial and merchant)
liquidated as recently as January 16, 1989. in the case union bank of
Niger PLC survived it.
A close at the operation
policy union bank Nigeria PLC Enugu revealed that government interference in
management of positive type. Even though that there are some risk in
embodying such rules regulations line is their banking system such depots base
product lending lines is their banking system such as deposit based on products
lending bases product fee base products and technology base products.
Therefore the
interference has help the to accept the risk job of greater mobilization of
saving from the surplus units and channel them to the deficit productive units
of the economy and to ensure that no unable project is frustrated
due to lack of funds and greater facilitation of synergies and sartorial
linkages within the economy. there still problem resulting in such
interference of which union bank are complaining of.
The effect of government
interference in the management of union bank PLC also covers limits
of permissible business risk concentration capital and liquidity
adequacy and statutory returns. The monetary aspect of regulatory includes
control over loading generally structure of leading rates reserve requirement
and foreign exchange. There are also regulation covering advertising
staff loan loans directors and inside dealing supervisor is employed to ensure
effective management and control. The criticism let to gradual deregulation in
1984 and was subsequently accelerated with the adoption of (SAP)
programme which gives room for the operation of free market forces given
financial instructions more direction to their operation and stimulation
competitions in the financial system as a whole
Consequently in 1988 the
Nigeria deposit insurance corporation was estalished with regulatory power to
protect depositors against bank failure and thereby strength the financial and
impacted greatly on financial institution environment
1.2
STATEMENT OF THE PROBLEM
Despite the interference
of government in the management of financial institution there is no doubt that
a lot of ills are besetting financial institution existence in Nigeria
especially in the area of control regulation and operation. Regulation
does not guarantee that they will reverse bank failure and serious banking
crises. No matter how effective and thorough the regulationary mechanism
the problem may still occur as history has shown it. Even with high
policy and regulation which usually accompany and serious bank crises or bank
failure, it is to prevent impact of such failure from threatening the
systematic last resort function on central bank
Establishing of more
financial institution by both government and individual were implemented
to solve the problem of poor service to customers and also dominance of foreign
based bank by Nigeria indigenous bank to help in encouraging improved
banking system in Nigeria, but still there is high production costs and goods
that were uncompetitive internationally high interest races
and rift among bank directors and unprecedented industrial unrest within
the sector exist due to shallow knowledge of management policy and regulation
in this sectors of economy which help in paralyzing the whole system.
Also problem exists due to hard core of such regulation and deregulation of
policy to the financial institution.
1.3 PURPOSE
OF THE STUDY
The main of this study are
1)
To find out how union bank of Nigeria PLC is employing the government policy to
ensure sound banking system towards the acceleration of economic development in
Niger
2)
To determine their growth and survival in the faces of various banking
ordinance that was consolidated in central bank number 24decrce of 1991 and the
present day decrees.
4)
To ascertain the effect of government inference in the management of financial
institution and type of environment it has created for the proper existence of
financial instruction whether it is on the right
director.
1.4 SCOPE
OF THE STUDY
This study is interned
to cover.
a)
The new policies and decrees introduced in financial institution since the
inception of structural adjustment programme in 1996.
b)
The impact of these policies on the operation of union bank of Nigeria PLC.
c)
The challenges posed by these policies and decrees and the central bank effort
to control the problem arises by the implementation of the policies
and regulation.
d)
This study will also cover the problems union of Nigeria PLC encountered due to
some government control in the management of their affairs and also the
position aspect of the policies to the management of union bank Nigeria PLC
RESEARCH
QUESTION
1)
Have the regulatory roles made union bank big strong and reliable
2)
Have government interference created a greater mobilization and measures in
financial institution
3)
Have the regulatory rule experienced better than deregulatory role of today.
4)
As a developing nature do you think or feel Nigeria need these regulatory
functions today.
Have union bank assisted
industries in terms of local sourcing of raw materials within the scope of
these measures?
1.5 SINGNIFCANCE
OF THE STUDY
The finding of this
study would be useful to the union bank of Nigeria PLC and the management of
financial institution in general as a guide to the banking system and formation
of policies and decrees relative to the effectiveness of the institution.
The study would provide a data base for future researchers on the effect of
government interference on financial institution.
The study also serve as
an additional material to the work will go a long way in educating the readers
on the significance of examining the achievement of government and how it helps
to improve economy sector mostly on the part of monopoly especially in
financial institution.
The study will provide
in data base for future researcher in government interference in the management
of financial institution and add to the material outstanding in the library.
This study would be of
important to any reader and assist government and finacial institution in
reviving their various policies.
1.6 DEFINITION
OF TERMS
FINANCIAL INSTITUTION:
Is the organization that
responded to the financial system in the country they provide both short term
and long term fund
EFFECTIVE
OPERATION:
Being active progressive
and consistent in financial institution operation on service
REGULATION:
Regulation is act of
being regulated or control by role governing a group of people
POLICY:
A selected planned line
of conduct in light at which individual decision is made and co-ordinate
achieved. This can be chosen by government or business
IMMENSELY:
Valued too much .
MANAGEMENT:
Managing or being
managed by the body of those in position of administrative authority
INTERFERENCE:
Interference is to take
an active but unwelcome part in some one part else activity.
Department | Business Administration and Management |
Project ID Code | BAM0068 |
Chapters | 5 Chapters |
No of Pages | 75 pages |
Methodology | Null |
Reference | YES |
Format | Microsoft Word |
Price | ₦4000, $15 |
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Contact Us On | +2348039638328 |
Contact Us On | +2347026816414 |
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