THE EFFECT OF GLOBAL FINANCIAL CRISIS ON NIGERIAN ECONOMY (A STUDY OF CENTRAL BANK OF NIGERIA, LAFIA)
Abstract
The research examines The Effect of Global Financial Crisis on Nigerian Economy
with a particular reference to Central Bank of Nigeria, Lafia. The objective of the
study is aimed to effects of global financial crisis on the Nigerian Economy. A
sample size used of 60 staff was used from a population of 70, which was obtained
through Taro Yamane formula. The methodology used in achieving the findings
include gathering information from Primary and Secondary data. The data obtained
was analyzed using percentage and tables. Results reviewed that there is a
significant relationship between the global economy and the Nigerian Economy and
Global financial crisis results to decline in revenue and increases expenditure, the
study recommends that Nigeria should adopt tough policy measures as effective
strategies towards a comprehensive strengthening of the financial service sector and
that Government should ensure that policy recommendations are implemented in
order to reposition the Nigerian economy against the impact of global financial
crisis.
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