PROPOSAL
The basic objective of this study is “ The
Role of the Nigeria money market in Indigenising the credit base of the
Economy’’ This project revealed as much as possible main reasons for the
establishment of the Nigeria money market and the Role they have played in the
Indigenising the credit base of the economy.
This project is structured into five chapters
to make for easy reading and comprehension. Chapter one death with the
background of the study of the prevailing circumstances in the economy that
made the introduction of money market and how to indigenes the credit base of
the economy. From this , other four chapters derived their base from chapter
one in order to confirm the findings , recommendations and conclusions.
The third chapter covered the research design
and methodology indicating sources of data and location of data.
There data analysis is based on the study of
the materials presented in the review of related literature as the work was
based on – secondary sources of the data.
The study was concluded with chapter five,
were the research findings were summarized and based on the findings,
conclusions were drawn from the study and recommendations were made. TABLE OF CONTENT
Title page
Undertaking
Approval page
Dedication
Acknowledgement
Table of content
CHAPTER ONE: INTRODUCTION
Background of the study
Statement of the problem
Objectives of the study
Significant of the study
Scope and limitations of the study
REFERENCE
CHAPTER TWO:
REVIEW OF RELATED LITERATURE Introductory
analysis
Basic condition, which must be meet before
money market can function effectively
The reason for the establishment of the
Nigeria money market
Development of the money market
The instruments of the Nigeria money market
Treasury bills
Call money
Commercial Bills
Treasury certificates
Certificate of deposit
Bankers Unit fund
Eligible development stocks
Stabilization securities
An appraisal of Nigeria money market
REFERENCES
CHAPTER THERE:
RESEARCH DESIGN AND METHODOLOGY
Sources of data
Location of DATA
Method of data analysis
REFERENCES
CHAPTER FOUR:
DATA PRESENTATION AND ANALYSIS
Distribution and analysis of questionnaire
Test of hypothesis
CHAPTER FIVE:
SUMMARY OF FINDING RECOMMENDATIONS AND
CONCLUSIONS
Findings
Money market and the principal borrowers
Money market and the principal supplier of
fund
Money market instruments
Achievement of the objectives of the money
market
The Nigeria money market and the central of
Nigeria
Indigenization of the credit base of the
economy
Recommendation
Conclusions
Bibliography
CHAPTER ONE INTRODUCTION:-
The money market is place or mechanism by
which short – term funds or exchanging financial assets representing short-term
claim are obtained .
A money market can be simply defined as a
market consisting of financial institutions and other dealers in short term
money and credit who either want to lend or borrow money .As a group , these
financial organization and deders facilitates the borrowing and lending of
short –term money by bringing together those institutions with surplus funds
which they wish to lend on a short- term basis and those wished to borrow.
The Nigeria money market could be said to
love started with the commencement of commercial banking in 1894. However , due
to various military factors ,the development of the money market was not possible
until the establishment of the Nigeria central bank and the introduction of the
money instruments . it is important to note that the money market in Nigeria is
not located in any fixed or particular place or building where money is bought
and sold . it is merely a term , which embraces all the institutions that
handle the purchases , sales and transfer of short term money and credit
instruments . The market operates by means of the telephone or personal
contacts between the participants. It is only when a deal is struck that most
transactions are finally concluded at the central bank were credit and debit
are raised. This is the way money market developed economics also operates ( ie
mainly by telephone and personal contacts )
but does not mean that the market is never a designated place.
Money market activities can be carried out at
specific area, street , as in the case of well street in new York or lomba street in London . The later being almost
synonymous with the London money market, is the central of bank head offices
and discount houses.
The money market provides the central bank of
Nigeria with a very important financial environment to implement monetary
policy operating through the market , it raises or lowers bank reverse through
open market purchase and sales of securities.
STATEMENT OF THE PROBLEM:
A part from performing traditional function of the money market , are of the main reasons for
establishment of Nigerianzation of the credit basis . A money market was
therefore necessary in the achievement of this objective by providing outlets
in term of local money assets for the investment of surplus funds in the
country as well as funds repatriated from abroad . it was also necessary to
provide for government a source for short- term financing which among other
things can release for capital expenditure some of the fund which at that time
government deployed as work capital.
The study is to assess the role of the
operation of the Nigeria money market in indigenising the credit base of the
Nigeria economy.
OBJECTIVE OF THE STUDY:
The objective of the study is to assess the
role of the Nigeria money market in indigenising the credit base of the economy
by assessing particularly:
A)
The availability, adequacy and defects if any of money market
instruments in Nigerian money market.