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

Author

Listed:
  • Jimoh Olatunji

    (Wuhan University of Technology, Wuhan School of Management, China)

  • He Weihang

    (Wuhan University of Technology, Wuhan School of Management, China)

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 the 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 has 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 the 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.

Suggested Citation

  • Jimoh Olatunji & He Weihang, 2017. "The Effect and Policy Analysis of Global Financial Crisis on Nigeria Economy," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 3(4), pages 58-64, May.
    • Handle: RePEc:mgs:ijmsba:v:3:y:2017:i:4:p:58-64
    DOI: 10.18775/ijmsba.1849-5664-5419.2014.34.1007
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    More about this item

    Keywords

    Nigeria Banking sector; Economy Crisis; Global Finance; Policy responses;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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