CHAPTER ONE

1.0       INTRODUCTION

A country economic development depends on its industrialization process; this can be done by giving priority to certain areas of the economy such as Banking, Agriculture Housing and Industry because these have contributed immensely to because to the development of any nation.

This led to the establishment of Central Bank of Nigeria by the government which specified responsibility is to provide the basic ingredient for rapid economy development.

Central Bank of Nigeria exists to speed up the country economics development control. The task of economic development and economic growth shall be paramount as such we need to harness all available resources and means towards the economic development and the growth.

One of the major objectives of the past and present Nigeria government is therefore for a country to have stable economy and attain economic growth. One of these vehicles that can be used to achieve these is the role played by central bank on ecomony of the nation.

In Nigeria the central bank undertakes functions on both types of institution especially the banks through the application of various and regulatory measure. The subject of this study dealing as it does on those relationships is there tropical and will address a numbers of many issues on monetary, banking policy and economic development. The analysis of the study some findings and recommendation were given to the banks and financial institution with moral support.

The researcher concluded by saying that the Central Bank of Nigeria played important role in the economy development of Nigeria.