Operational Performance of Fiscal and Monetary Policies in Nigerian Financial Institutions

Abstract

The study assessed statutory functions of financial institutions as affected by fiscal and monetary policies in Nigeria. First bank, Access bank and Ecobank were Nigerian banks selected for the study. Questionnaires were administered on this survey and data analyzed using the Analysis of Variance and Regression. Results showed that fiscal and monetary policies had enhanced operational efficiency in the Nigerian financial institutions, by reducing financial indiscipline in the financial and fiscal systems. It was concluded that fiscal and monetary policies had galvanized government to committed budgetary management which would also address anomalies in the financial system.