Financial Institutions Overview
This lesson defines financial institutions and lists the types of banking and non-banking financial institutions. It also explains the key differences between these institutions and their functions in the economy.
- 00:57 “Financial institutions refer to all business organizations which hold money for individuals and institutions and may borrow from them in order to give loans or make other investments. That is, all those financial institu...”
- 00:10 “Good day students, my name is Mr. Balogun Abdullah, your economics teacher. The topic for today is financial institutions. At the end of this lesson, you should be able to do the following. One, explain the term financia...”
- 20:16 “merchant banks. Then, it also helps in the general running of the economy. Now, take these questions for yourself. Assessments 1. Explain the term financial institutions. 2. List three banking financial institutions and...”
Structure of the Nigerian Economy
This lesson covers the nature and structure of the Nigerian economy. It explains the primary, secondary, and tertiary sectors and their contributions to the economy. The lesson also discusses the economic activities in different geopolitical zones of Nigeria.
- 05:37 “So it means that the tertiary sector are majorly involved in rendering of services. They do not produce manufactured goods. What they do is that they render services, either rendered services in the process of distributi...”
- 04:49 “manufacturing, all of them for within the secondary sector. Examples are plastic producing industries, electronics industries, producers of kitchen utensils and furniture items. The tertiary sector, what is the tertiary...”
- 19:34 “My name is Mr. Balogum Abdullah, till the next class. [MUSIC]”