ABSTRACT
The paper critically analyses assessment
of IMF loan policy on economy development of Nigeria civilian rule (1999-2015).
The
inability of the Nigerian economy to effectively meet its IMF loan repayment
requirements has exposed the nation to a high debt service burden. The
resultant effect of this debt service burden creates additional problems for
the nation particularly the increasing fiscal deficit which is driven by higher
levels of loan grants. This poses a grave threat to the economy as a large
chunk of the nation’s hard earned revenue is being eaten up. The objectives of the paper are: to
assess and examine the effect of IMF Loan Policy on the growth and development
of Nigeria, examine causality between IMF Loan policy and economic development
in Nigeria, ascertain the effectiveness of IMF Loan Policy on the Nigerian
economy, determine whether there is a positive relationship between the level
of implementation of loan conditionality’s and increase in development loan
assistance to Nigeria by World Bank, determine whether there is a positive
relationship between Nigeria’s economic growth and development loan assistance to
Nigeria by World Bank, to examine the impact of IMF loan policies on developing
nations and to analyze the challenges faced by developing nation in accessing
and paying back IMF loans.
Concerning methodology, both secondary and primary
sources of data was used for the study. A survey research design was used with
a sample size of 50 respondents. Data was analyzed using chi-square statistical
tool. Key findings from the study showed that with a significance level of
0.05, that
there is no relationship between the level of implementation of loan
conditionalities and increase in development loan assistance to Nigeria by the
World Bank. There is a positive relationship between Nigeria’s economic growth
and development loan assistance to Nigeria by the World Bank.
Recommendations for the study include; IMF should reform her loan policy to
favour less developed economies
TABLE OF
CONTENTS
Title Page - - - - - - - - - i
Approval Page - - - - - - - - ii
Declaration - - - - - - - - iii
Dedication - - - - - - - - - iv
Acknowledgement - - - - - - - v
Abstract - - - - - - - - - vi
Table of Contents - - - - - - - vii
CHAPTER
ONE – INTRODUCTION
1.1 Background of the Study - - - - -
1.2 Statement of General Problem - - - -
1.3 Objective of the Study - - - - - -
1.4 Research Questions - - - - - -
1.5 Hypothesis
- - -
- - -
- - -
1.6 Significance of the Study - - - - -
1.7 Scope of the Study - - - - - -
1.8 Definition of Terms - - - - - -
CHAPTER
TWO – REVIEW OF RELATED LITERATURE
2.1 Conceptual
Framework - - - - - - - -
2.2 Theoretical
Framework- - - - - - - -
2.3 History of
Auditing- - - - - - - - -
2.4 Who is an Auditor?
- - - - - - - - -
2.5 Reason for Audit
in Nigeria - - - - - - -
2.6 The Audit
Expectation Gap - - - - - - -
2.6.1 Responsibility
of Auditors- - - - - - -
2.6.2 The Emerging
Role of the 21st Century Auditor to Detect and Prevent Fraud - - - - - - - - - - -
2.6.3 The Role of an
Auditor in Ascertaining the Going Concern Status of a Company- - - - - - - - -
2.6.4 The Case of
Cadbury Plc, Enron and Perceived Auditor’s Responsibility - - - - - - - - - - -
2.6.5 Reliability
Factor - - - - - - - - -
2.6.6 Nature and
Meaning of Audit Report Messages- - -
2.6.7 Independence
Factor - - - - - - - -
2.7 Approaches to
Reduce the Audit Expectation Gap- - -
2.7.1 Understanding the Role of Other
Players in the Capital Market
- - - - - - - - - - - - -
2.7.2 The Role of
Education - - - - - - - -
2.7.3 Improving the Independence
of Auditors- - - - -
2.8 Gap in Literature - - - - - - - - -
CHAPTER
THREE – RESEARCH METHODOLOGY
3.1 Introduction - - - - - - - - -
3.2 Research Design - - - - - - - -
3.3 Area of the Study - - - - - - - -
3.4 Population of Study - - - - - - - -
3.5 Sample size and Sampling Techniques - - - - -
3.6 Instrument for Data Collection - - - - - -
3.7 Validity of the Instrument - - - - - - -
3.8 Reliability of the Instrument - - - - - -
3.9 Method of Data Collection - - - - - - -
3.10 Method of Data Analysis - - - - - - -
CHAPTER
FOUR – DATA PRESENTATION AND ANALYSIS
4.0 Introduction - - - - - - - - -
4.1 Data Presentation and Analysis - - - - - -
4.2 Characteristics of the Respondents - - - - -
4.3 Data
Analysis - - - - - - - - -
4.4 Testing Hypothesis - - - - - - - -
CHAPTER
FIVE – SUMMARY, CONCLUSION AND RECOMMENDATION
5.0 Introduction - - - - - - - - -
5.1 Summary - - - - - - - - - -
5.2 Conclusion - - - - - - - - - -
5.3 Recommendations - - - - - - - -
References
- - - - - - - - - -
Appendix - - - - - - - - - -