EFFECT OF GLOBALIZATION ON SERVICE INDUSTRY IN NIGERIA: A CASE OF UNION BANK PLC IDAH, KOGI STATE
Abstract
This research work investigated effect of globalization on service industry in Nigeria: a case of Union Bank Plc Idah, Kogi State. The specific objectives of the study were to determine the effect of exchange rate on service Industry in Nigeria; effect of trade openness on Service Industry in Nigeria and the effect of Internet banking on service industry in Nigeria. The study adopted a descriptive survey research design. The population size was unknown while the sample size was 180. Primary and secondary sources of data were used while the instrument of data collection was the questionnaire. The validity and reliability of the research instrument were checked and established. The study used a purposive sampling technique in reaching the respondents. Multiple regression statistical technique was used to test the formulated hypotheses at 5% level of significance. The finding showed that there is a significant effect of the three variables (effect of exchange rate, trade openness and internet banking) has significant effect on the service industry in Nigeria. The study recommended that Nigeria needs to strengthen banking regulations and build complementary and well-regulated securities markets.
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