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Life Insurance as a source of long-term savings in Nigeria: Regulator\u27s perspective.
No full textLife insurance is an insurance contract in which the insured transfers, and the insurer assumes, the risk of death for a specified period of time. As in other insurance businesses, the insured transfers the risk to the insurer, and receives a life insurance policy, upon payment of a premium. The paper outlines the intrinsic benefits of life insurance, assess its performance in the Nigeria situation and examine what a regulator could do to facilitate its development. The paper reveals that, It was observed that there is an ongoing recapitalisation and consolidation programme which would boost the paid up share capital of life insurance companies to a minimum of N2 billion and this is expected to give rise to bigger and better companies. We noted that other reforms that would enhance mobilization of long term funds by the life insurance companies include the compulsory group life insurance policies for employees that come with the pension reforms and annuities
Promoting the use of non-cash payment alternatives in Nigeria.
No full textThe payments and settlement system represents the plat-form upon which financial resources is exchanged for goods and services. This paper discussed the different alternatives of non-cash payment methods as well as the advantages, modes of payments and challenges. The study concluded that, there is need not only to further the laudable reforms of the Federal Government of Nigeria, but also to ensure that business and non-business financial transactions are accessible and convenient for the average Nigerian. These reforms in the payment system can only fast track the integration of Nigeria into the international financial system with attendant benefits for the economy
Capital account liberalization: what options for developing economies
No full textThis paper deals with some basic facts about Capital Account Liberalization, Liberalization Experiences, problems and prospects, policy options and recommendations
Globalization and capital account liberalization
No full textThis paper reviews some aspects of the debate on the linkages between globalization and capital account liberalization. This paper analyses globalization and the associated capital flows and then discusses the impact of the capital flows on the financial and real sectors of the economy
External Debt, Investment and Economic Growth: evidence from Nigeria
No full textThis paper studies the impact of external indebtedness on Nigeria\u27s economic performance. We find supportive evidence for the crowding out and debt overhang hypotheses in Nigeria. Based on these results, the paper concludes that the prospects of resolving the debt crisis in Nigeria will depend on deeper debt relief, diversification of export base and substantial direct foreign investment. Debt relief will enable the country to use the lean foreign exchange earnings to procure the badly needed inputs for the industrial sector and upgrading of infrastructures. However, without a stable political and macroeconomic environment, efforts at reducing the external debt burden may not be very successful
Empirical analysis of cost and returns to commercial table egg production in Lagos State.
No full textThe paper seek to establish that commercial table egg production in Lagos State is profitable. This was based on the fact that there was an increase in the per capita income of the populace and also increase in the awareness of the health implication of intake of protein from eggs
Welcome address at the 2006 Executive Seminar Capital account liberalization: issues, problems, and prospect
No full textThe welcome address was given by the then Branch Controller, Calabar Branch of the Central Bank of Nigeria at the 2006 Executive Seminar
Making health care accountable: why performance-based funding of health services in developing countries is getting more attention. a review
No full textThis article examines the impact of performance based health funding in developing countries. It findings reveals that developing countries spent more on performance based health services which was identified as key factor to actualizing the target goal of the United Nation (UN) program called Millennium Development Goals
Keynote address at the CBN Executive Seminar on Capital account liberalization: issues, problems, and prospect
No full textThe keynote address was given by the Deputy Governor, (Economic Policy), Central Bank of Nigeria. He highlighted the aptness of the theme for the seminar in view of the developments in the global economy and the policy reforms embedded in the National Economic Empowerment and Development Strategy (NEEDS) and the Millennium Development Goals (MDGs)
Financial liberalization and savings mobilisation in Nigeria.
No full textFinancial liberation involves the elimination of credit, controls, deregulation of interest rates, easing of entry into the financial services industry, development of capital markets, increased prudential regulation and supervision, and liberalization of international capital flows. This paper assess the impact of financial sector reforms in Nigeria, especially on the development of the financial sector. Accordingly, the paper dwells on theoretical issues and brief review of literature and presented a brief analysis of financial sector reforms in Nigeria. Attempt is also made to assess the impact of the reforms. Furthermore, the paper analyzes the roles of the indicators that are studied in the recent literature. Ten indicators that encompass all the qualities of a well developed financial sector were selected to measure the impact of financial sector deregulation on the economy. The six measures included: Broad Money as a ratio of Gross Domestic Product (GDP), Private Credit as a ratio of GDP, Currency Outside Bank as a ratio of Broad Money (M2), Interest Rate Spread, that the financial system will continue to flourish without adequately affecting the real economy even in the era of deregulation if the banks in particular, continue to trade in foreign exchange and finance trading activities at the expense of the manufacturing sector. Again the fiscal operation of government that resulted in persistent deficits mainly financed by the central bank in most of the liberalisation era that resulted in very high inflation, adversely affected macroeconomic stability, setting in motion a vicious cycle of external and internal imbalances