Effects Of Interest Rates On Savings And Investment In The Nigerian Economy

63 pages Chapters 5 ID: ACC1568

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DepartmentAccounting
TypeProject
Pages63
Chapters5
FormatMS Word & PDF
Reference No.ACC1568

Abstract

CHAPTER ONE INTRODUCTION 1.1              BACKGROUND TO STUDY In Nigeria, interest rate policy is among the emerging issue in current economic policy as regard the role of it is expected to play in the deregulated economy in inducing savings which can be channeled to investment and thereby increasing employment, output and efficient financial resources utilization. The administration of low interest rate which was intended to encourage investment was witnessed in the 1950s to mid 1960s. In the third quarter (3/4) of 1986, Structural Adjustment Programme (SAP) was introduced by the then hea…

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