This research work is an attempt to hardship on the Nigeria financial institution. In conducting this research I went to Central Bank of Nigeria Enugu branch and some libraries to get some relevant materials. For this research word consist of study base on selection of different secondary data. It also emphasizes on not just the implication of current economic hardship on our financial institution but also how it affects Banks and Insurance Companies in particular.

Based on the research work, the following financial were made. The problems that are causing the currents economic hardship, which have great effect on our financial institution are:

i high inflation rate in economy .

ii The devaluation of the national currency.

iii Escalation of cost.

iv Excessive Bank rate.

v Unhealthy business relationship with foreign currency.

vi Political instability.

Based on the above finding recommendation government should pay more attention on the financial sector of economy, know their problems and endeavour to solve them.

More so, I recommend that as part of the rehabilitation process in some banks in Nigeria, and federal government should assist some of these banks rise loan-able fund and even have some fixed deposit with the banks so that they will gain public confidence.

Further more, government should elect a democratic government and also map out its policies with care and duly implement them so that they can achieve positive results.

I recommend that government should pay the country external debt as when due.

TABLE OF CONTENTS

Title page

Approval page

Dedication

Acknowledgement

Abstract

CHAPTER ONE:

1.0 Introduction

1.1 General Background of the study

1.2 Statement of problem

1.3 Purpose of the study

1.4 Objective of the study

1.5 Delimitation of the study

1.6 Limitation of the study

1.7 Assumption of the study

1.8 Definition of terms

CHAPTER TWO:

2.0 Literature Review

2.1 Review of the related study

2.2 Theaming of Economic problem

2.3 Effect of economic problem

2.4 Causes of economic problem

2.5 Unemployment

2.6 Inflation

CHAPTER THREE:

3.0 Summary of finding, recommendation & conclusion

3.1 Discussion of finding

3.2 Conclusion

3.3 Recommendation

Bibliography

References

CHAPTER ONE

INTRODUCTION

1.1 GENERAL BACKGROUND OF THE STUDY:

Financial institutions are those monetary institution that render financial help to our country. Those institutions included bank such as Central Bank, Commercial Banks, Development Banks, Community Banks and their client.

Banking is the business or receiving deposits current saving, or other account paying and collecting cheques down or paid in by customer, provision of finance, constancy and advisory service relating to co-operate and invest cedar making or made investment on behalf of any person.

1.2 STATEMENT OF THE PROBLEM:

This study is the current economic hardship has effect the Nigeria financial institution with special reference to bank. Inspite of the position of out financial institution to our financial guest the sector has not been exampled from loot problem. The Nigeria financial institution banks are adversely effected as a result of the negative implication of the economic hardship the lost of bank charges has increased so much in recent times because of the economic problem.

1.3 PURPOSE OF THE STUDY:

Having gone through the historical background of the Nigeria financial institution with reference to banks, it can be seen that Nigeria institution started from the scratch and their performance remains encouraging except for the current economic hardship.

1.4 OBJECTIVE OF THE STUDY:

(i) To determine the economic problem

(ii) To determine whether the current economic hardship has effect on our financial institution.

(iii) To determine the ways which the economic problem can be reduced to the minimum level.

TION