LITERATURE REVIEW

NIGERIA

The Federal Republic of Nigeria is a Federally Constituted Republic comprising of 36 states and its Federal Capital Territory being Abuja. Nigeria is situated in the West of Africa and shares land borders with the republic of Benin in the West, Chad and Cameroun in the East, and Niger in the North. While its coast in the South is situated in the Gulf of Guinea in the Atlantic Ocean. Nigeria is reconciled as the Giant of Africa due to its large population and growing Economy. It’s the 7^th most popular country in the world. The country largest ethnic groups are, the Yoruba’s, Hausas and Igbos.

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NIGERIAN’S ECONOMY POLICIES

Economic policy refers to the actions that governments takes in the economic field. Includes areas such as tax settings, government budgets and spending, supply of money and interest rates, labor markets and every other aspect of the economy. Nigeria Economy (GDP) is the largest in Africa, with more than 500 billion and became the world 21^st large Economy. The debt own to GDP ratio is only 11%. By 2050, Nigeria is expected to become one of the world’s top 20 economies. Nigeria is considered to becoming an emerging market by the World Bank. The Nigeria Economy policies are one that is directed towards its Food Security and Poverty Alleviation and is at all the levels of its government. The Federal been NEED (National Economic Empowerment and Development Strategy), SEEDS (state Level) and the LEED (the local Government level). Another of its policies is the ability to empower its citizens by given access to credit and lands, participation in decision making, traditional thrift, savings and insurance schemes, integrating women into the economic mainstream, education and training opportunities and lastly, large scale Agriculture in the rural areas.

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INTERNATIONAL FINANCIAL INSTITUTIONS

These are financial institutions that have been created by more than one country and hence, under international laws. They are owned by National Governments, with International Institutions and other Organization occasionally figures as shareholders. The most common IFIs are creations of multiple nations. The best known IFIs are:-

1. World Bank
2. International Monetary Fund (IMF)
3. International Bank for reconstructions and Development (IBRD)
4. General Agreement on Tariffs and Trade (GATT)
5. World Trade Organization

Those International Financial Institution have been able to impact N