STUDY OF FINANCIAL INTERMEDIATION AND RESOURCE MOBILIZATION

(IMPLICATION FOR ECONOMIC DEVELOPMENT IN NIGERIA)

By

EDUOGU ANTHONIA OBIAGELI AC/H2002/146

Presented To

Department of Accountancy

    Financial intermediation is the process by which financial institution accept saving from house hold and lend this saving to business organizations.
    Since high level of financial intermediation has been associated with high degree of economic development e.g Nigeria has allegedly been said to experience low level of financial intermediation.
    The objective of this study
1.    To establish the extent of financial intermediation in Nigeria and the likely effect on economic development.
2.    To reveal the economic development position (as measures by Gross National/Domestic Income) of countries that have comparatively the same level of financial intermediation are relatively high.
This proper will also look into the following problem. In Nigeria there has been a comparatively low level of financial intermediation demonstrated by the grossly inadequate habits to all nooks and corners of the country. Lack of actual practical indegenisation of bank industry.
    The ultimate effect is that the existing financial intermediation find it impossible to effectively mobilize available resources and allocate them enhance the rate of economic development
    After examining these problems, recommendation will be made. It will be aimed at increasing the level of financial intermediation in Nigeria. Then conclusion will be drawn.
 

TABLE OF CONTENT
Title page                                    ii
Approval page                                iii
Dedication                                    iv
Acknowledgement                                v
Abstract                                    vii
Proposal                                    ix
Table of content.                                xi

CHAPTER ONE
INTRODUCTION                                1
1.1    Background of the study                        1
1.2    Statement of problem                            3
1.3    Objectives of study                            3
1.4    Significance of the study                        4
1.5    Scope and Limitation of the study                    5
1.6    Definition of terms                            6
Reference:                                12

CHAPTER TWO
REVIEW OF LITERATURE                        13
2.1 Bank and Non-Bank financial Intermediaries             13
2.2 Financial Institutions and Economic Development.        14
2.3 Financial Intermediation and Economic
Development in developed countries.                21
2.4 Financial intermediation and Economic Development in less Developed countries.                    23
2.5 Financial Intermediaries and monetary control            26
2.6 Review in increasing the level of financial         
Intermediation in Nigeria and the LDC’S            28
2.7 The problems of financial Intermediation             29
    Reference.                                30

CHAPTER THREE                                    
RESEARCH DESIGN AND METHODOLOGY            32
3.1 Research methods used                        32
3.2 Description of Respondents                        32
3.3 Sources of Data                            33
3.4 Method of Investigation                        34
    References                                36

CHAPTER FOUR
4.0    Presentation and analysis of data introduction.        37
4.1    Testing of Hypothesis.                        42

CHAPTER FIVE
FINDINGS, RECOMMENDATION AND CONCLUSION    43
5.1 Findings                                    43
5.2 Recommendation                            48
5.3 Conclusion                                53
    References.                                56
    Bibliography                            57
    Questionnaires                            59