The role of banking in national development is :
1- to control and adjust the rate of foreign exchange .
2- to control the financial stability of the country.
3- to control the interest rate.
4- to control the inflation and deflation.
5- to supply and distribute money equally.
6-mobilise financial resources
7-play advisory role in development
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the role of commercial banking in the development of nigerian economy
public enterprise national development can be use as vehicle for social equity i.e Allocation income redistribution, establization.
history is laden with experiences that present leaders and citizens have to look on to and learn from it... what we are now is simply a result of the development of our past.
They have the ability to influence inflation / deflation and so setting a price in different areas which probably can lead to a development depending on the circumstances. This was an example of the national development and the role of public enterprises within that. However they also play an important part in the economic development of an area / a country. They influence spending and have got the 'power' to change services in (rural mostly) areas.
Technical education is important because technicians are needed to keep everything running. In fact, there isn't any phase of education that isn't important. Like the grade school saying goes: the more we know, the better we grow.
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