{"content":[{"text":"Nnanna","bbox":{"left":0.836601,"top":0.072741,"width":0.054033,"height":0.016061999999999993}},{"text":"1","bbox":{"left":0.083105,"top":0.078378,"width":0.008834999999999996,"height":0.018033999999999994}},{"text":"PROMOTING SAVINGS AND INVESTMENT CULTURE \n FOR NATIONAL DEVELOPMENT","bbox":{"left":0.196819,"top":0.10048,"width":0.5909500000000001,"height":0.04598999999999999}},{"text":"0. J. Nnanna, Ph.D*","bbox":{"left":0.390238,"top":0.168071,"width":0.20301900000000006,"height":0.026760000000000006}},{"text":"Abstract","bbox":{"left":0.451816,"top":0.219699,"width":0.08224600000000004,"height":0.02123}},{"text":"The paper examined the performance \"of Nigeria's savings and investment profile relative to some \n selected economies of the world. It noted that the fundamental issues militating against an effective \n savings and investment culture in Nigeria has remained financial sector distress, high inflationary \n expectation, low yield on investments and inappropriate institutional structures. Amongst the \n various efforts being made to enhance savings and investment culture in Nigeria, the paper identified \n the recently introduced National Savings certificate ( NSC) as a key investment window for the low \n income group with attractive yield and thus, a strong alternative to bank deposits, the proposed \n pension scheme was expected to enhance savings for increased investment, if well implemented.","bbox":{"left":0.120447,"top":0.257617,"width":0.749764,"height":0.13334700000000005}},{"text":"INTRODUCTION","bbox":{"left":0.086734,"top":0.445742,"width":0.185098,"height":0.024820999999999982}},{"text":"It is a well recognised fact that boosting the level of savings is of great importance if a \n country is to achieve and sustain high investment and output growth rate. Generally, \n growth in output depends on capital accumulation, which in turn depends on the marginal \n propensity to save. Indeed, two of the most important issues in development economics, \n and for developing countries, are how to stimulate investment, and how to bring about \n an increase in the level of savings to fund increased investment.","bbox":{"left":0.08738,"top":0.486431,"width":0.8237760000000001,"height":0.12844700000000003}},{"text":"Parsimony is a cultural phenomenon - which is generally acquired by economic agents. \n A saving and investment culture, can therefore, be influenced by institutions and \n regulatory agents that direct the decisions of households, firms and governments. The \n savings-investment nexus in the capital formation process require some forms of \n intermediation and allocative mechanism in order to release resources from the surplus \n to deficit units in the economy. Financial intermediation, particularly, savings \n mobilisation is a critical function of the financial system. Empirical evidence indicates \n that the quantum of gross domestic savings provides a useful tool when predicting a \n country's ability to achieve high levels of growth. In other words, high growth rates","bbox":{"left":0.090861,"top":0.633614,"width":0.824722,"height":0.18993900000000008}},{"text":"·o. J. Nnanna, Ph.D.,","bbox":{"left":0.095322,"top":0.856757,"width":0.15523699999999996,"height":0.023135000000000017}},{"text":"Director, Research Department, Central Bank of Nigeria, Abuja","bbox":{"left":0.259853,"top":0.862055,"width":0.43989200000000006,"height":0.01615399999999989}}],"images_bbox":[{"left":0.001368,"top":0.000504,"width":0.030096,"height":0.009073},{"left":0.056088,"top":0.000504,"width":0.030096,"height":0.00756},{"left":0.099863,"top":0.000504,"width":0.110807,"height":0.008065},{"left":0.887825,"top":0.000504,"width":0.065663,"height":0.011089},{"left":0.456224,"top":0.03629,"width":0.02394,"height":0.016633},{"left":0.887825,"top":0.05494,"width":0.023256,"height":0.016129},{"left":0.04788,"top":0.231351,"width":0.024624,"height":0.015625},{"left":0.924761,"top":0.535282,"width":0.025992,"height":0.018145},{"left":0.0,"top":0.564516,"width":0.02052,"height":0.017137},{"left":0.0,"top":0.592742,"width":0.02052,"height":0.035786},{"left":0.745554,"top":0.830645,"width":0.023256,"height":0.015625},{"left":0.987004,"top":0.848286,"width":0.012996,"height":0.018145},{"left":0.745554,"top":0.89869,"width":0.021888,"height":0.016129},{"left":0.70041,"top":0.952117,"width":0.024624,"height":0.017641},{"left":0.980848,"top":0.96119,"width":0.019152,"height":0.038306}],"images_bbox_not_text_overlap":[{"left":0.001368,"top":0.000504,"width":0.030096,"height":0.009073},{"left":0.056088,"top":0.000504,"width":0.030096,"height":0.00756},{"left":0.099863,"top":0.000504,"width":0.110807,"height":0.008065},{"left":0.887825,"top":0.000504,"width":0.065663,"height":0.011089},{"left":0.456224,"top":0.03629,"width":0.02394,"height":0.016633},{"left":0.887825,"top":0.05494,"width":0.023256,"height":0.016129},{"left":0.04788,"top":0.231351,"width":0.024624,"height":0.015625},{"left":0.924761,"top":0.535282,"width":0.025992,"height":0.018145},{"left":0.0,"top":0.564516,"width":0.02052,"height":0.017137},{"left":0.0,"top":0.592742,"width":0.02052,"height":0.035786},{"left":0.745554,"top":0.830645,"width":0.023256,"height":0.015625},{"left":0.987004,"top":0.848286,"width":0.012996,"height":0.018145},{"left":0.745554,"top":0.89869,"width":0.021888,"height":0.016129},{"left":0.70041,"top":0.952117,"width":0.024624,"height":0.017641},{"left":0.980848,"top":0.96119,"width":0.019152,"height":0.038306}]}