The Effect and Policy Analysis of Global Financial Crisis on Nigeria Economy

  • Olatunji J
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Abstract

The purpose of this study is to examine the changing trends of the global financial crisis and its effects on the Nigeria economy. It aims to study the rising success of the policy responds by the Central Bank of Nigeria, using banking sector and economy as a focal point. Descriptive method data analysis is used to analysis the data collected for the research, the finding from the banking officials of the First bank plc on the research topic. The research results show that Nigeria economy have achieved a medium or even high level of implementation policy by Central Bank of Nigeria (CBN) to constraint complexity and widespread of Global Financial Crisis (GFC) in the economy, and implored adequately, stability comprehensive measures to address the future penetrated of financial crisis. It was recommended that the immediate response of the CBN to ensure the maintenance of the banking system stability and injecting liquidity into the system and prudential supervision and regulation of the financial sector.

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APA

Olatunji, J., & Weihang, H. (2017). The Effect and Policy Analysis of Global Financial Crisis on Nigeria Economy. INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE AND BUSINESS ADMINISTRATION, 3(4), 58–64. https://doi.org/10.18775/ijmsba.1849-5664-5419.2014.34.1007

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