CAUSES AND EFFECTS OF ECONOMIC MELTDOWN ON THE NIGERIAN ECONOMY

CAUSES AND EFFECTS OF ECONOMIC MELTDOWN ON THE NIGERIAN ECONOMY

ABSTRACT

The cardinal focus of this study were the Causes, Effects of Economic Meltdown and Possible Suggestions for the improvement of economic growth and development of Nigerian economy. Three research questions were formulated for the study. A structural questionnaire was administered to 200 bank staff and 10 managers for data collection. Frequency tables mean and percentage statistics were the tools used for analysis the study revealed many causes and effects of economic meltdown in the nation’s economy with recommendations, thus: Training and retraining on information and technological appliances should be undertaken. The provision and adequate supply of manpower resources thus will help in the development and facilitation of the activities in Nigerian economy. There should be reduction in the rate of birth in Nigeria. There should be a sustainable political and economic stability in the country.