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IMPACT OF THE GLOBAL FINANCIAL CRISIS ON THE NIGERIAN ECONOMY

IMPACT OF THE GLOBAL FINANCIAL CRISIS ON THE NIGERIAN ECONOMY

TABLE OF CONTENT

CHAPTER ONE  

1.0        Introduction

1.1        Background to the study

1.2        Statement of problem

1.3        Purpose of the study

1.4        Research Questions

1.5        Significance of the study

1.6        Scope/Delimitation of the study

1.7        Limitation to the study

1.8        Definition of terms

CHAPTER TWO 

2.0        Literature Review

CHAPTER THREE        

3.0        Methodology

3.1      Research Design

3.2      Population of study

3.3      Sample and sampling techniques

3.4      Research instrument

3.5      Validity of the instrument

3.6      Administration of the instrument

3.7      Method of data analysis

CHAPTER FOUR        

4.0        Data Analysis and Interpretation

4.1        Presentation of Data

4.2        Analysis of data

CHAPTER FIVE

5.0        Summary, Conclusion and Recommendations

5.1        Summary

5.2        Conclusion

5.3        Recommendation

REFERENCES      

QUESTIONNAIRES    

IMPACT OF THE GLOBAL FINANCIAL CRISIS ON THE NIGERIAN ECONOMY

INTRODUCTION:
It was H2 2007; the global economy and financial system was riding on a bubble, this is despite the ominous signs of financial distress which economic managers and policy makers were too eager to pass it off as a slight blip. The Nigerian economy was also in an upbeat mood then, the nation had just conducted expensive but controversial general elections, and the elected officials were just settling to tackle the developmental issues at hand. Confidence was gradually returning to the economy as oil prices were trending up, which was reflected in the positive macroeconomic indicators and market indexes recorded during the period. Fast-forward to 2009 when all hell and been let loose after the near collapse of financial markets globally and an economic recession and you get a different picture. Not only were the markets indices in the red, other macroeconomic indicators were also negative.

It is not as if the global economy was new to experiencing financial crises and economic recessions. Infact, an IMF working paper in 2008 put the number of economic crises that have occurred in the developing world between 1970 and 2007 at 124 and several countries and regions have spent the better part of the last four decades managing one crisis or the other. Business cycles are just meant to fluctuate, and they cannot all be cyclical.
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