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PROJECT TOPIC: THE IMPLICATION OF THE CURRENT ECONOMIC HARDSHIP ON THE NIGERIA FINANCIAL INSTITUTION

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CHAPTER ONE

INTRODUCTION

1.1            GENERAL BACKGROUND OF THE STUDY:

Financial institutions are those monetary institution that render financial help to our country. Those institutions included bank such as Central Bank, Commercial Banks, Development Banks, Community Banks and their client.

Banking is the business or receiving deposits current saving, or other account paying and collecting cheques down or paid in by customer, provision of finance, constancy and advisory service relating to co-operate and invest cedar making or made investment on behalf of any person.

1.2            STATEMENT OF THE PROBLEM:

This study is the current economic hardship has effect the Nigeria financial institution with special reference to bank.  Inspite of the position of out financial institution to our financial guest the sector has not been exampled from loot problem.  The Nigeria financial institution banks are adversely effected as a result of the negative implication of the economic hardship the lost of bank charges has increased so much in recent times because of the economic problem.

1.3            PURPOSE OF THE STUDY:

Having gone through the historical background of the Nigeria financial institution with reference to banks, it can be seen that Nigeria institution started from the scratch and their performance remains encouraging except for the current economic hardship.

1.4            OBJECTIVE OF THE STUDY:

(i)                To determine the economic problem

(ii)             To determine whether the current economic hardship has effect on our financial institution.

(iii)           To determine the ways which the economic problem can be reduced to the minimum level.



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