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This paper is an attempt to analyse the Electronic Transaction Statement of the ProblemElectronic transaction is relatively a new phenomenon in Nigeria. Electronic transaction has been a key component in the trend towards globalization and the creation of the "e-society" as one of the driving forces transforming society worldwide. Some view electronic transaction as a source of problems, others realized that it also offers many opportunities to fulfil their role more effectively and meet the increased expectations of effective transactions. Some of the benefits of electronic transactions are prevented from being realized because of lack of legislative enactment.The rapid development of information technology had brought unprecedented influence on the life of millions of people around the globe. Various activities were handled electronically through the adoption of ICT in the workplace or at home, for example, e-mail, e-commerce and e-government. The internet had become a significant part of daily life for both consumers and business enterprises especially in developed countries 1 Despite a rather late start, available statistics indicate that information and communication technology (ICT) is rapidly gaining ground in Nigeria. Due to its many possibilities, ICTs constitute veritable tools for socio-economic development, which makes the legal and regulatory environment for their application in developing countries critical. ICTs have brought about significant changes in business practices with respect to banking transactions and, to some extent, the buying and selling of goods and services, through the possibilities of the medium to promote trade and commerce through wider access to prospective customers from anywhere on the globe for products and services. 2 There is a growing interest and awareness of e-business coupled with a proliferation of websites especially by Nigerian banks, which was facilitated by advances in telecommunications and information technology. Already a number of Nigerian banks' websites have the capability of supporting and actually permitting the conduct of e-banking and ecommerce. This is inevitable if the banks are to be able to compete at the global financial landscape. Electronic commerce in Nigeria presents major challenges not only the regulatory authorities and government agencies but also the operators. These include amongst others:-the need to have in place certain basic infrastructural facilities such as effective and efficient electricity supply and telecommunications, Skilled manpower to use and maintain internet resources, a legal and regulatory framework that will guide the conduct of electronic commerce in Nigeria.

The Greek philosopher Aristotle averred that state exists for public goods and continues to exist for the greater good of humanity. Democracy on the other hand gives people opportunity to determine how they are governed. Naturally, the electorate or body of Nigerian masses look up to government for democracy dividends. The Nigerian National Assembly in response to the yearnings of their constituents for development/ federal presence demanded and got "Constituency Project" fund. Since the inception of constituency project in Nigeria there have been misconceptions, misinterpretations and judgement of the constituency project administration. This and indeed some other factors have painted the hallowed chambers of National Assembly in bad light. Therefore, this paper seeks to find out the origin, management etc. of constituency projects in Nigeria. It adopts desk research method; drawing data mainly from secondary source and adopts analytical research in arriving at finding. It found that members of the National Assembly merely identify the needs of the constituents and recommend same to the executive during budgeting. Ultimately, they have no direct control over their implementation; hence the award, financing and supervision of constituency projects are the preserves of appropriate agencies other than the National Assembly. Findings also show that other democracies have similar arrangements in place.

The study examined the impact of the lending and deposit rates in the face of deregulation on the loans and advances of deposit money banks in the country covering the period of 1986 to 2019 using annual time series data. Using the Autoregressive Distributed Lag (ARDL) model, findings from the study revealed that the deregulation of interest rate in Nigeria encouraged the disbursement of loans and advances within the economy, but it was however not significant. In addition, the study found that the policy led to an inverse relationship between deposit rate and loans and advances in the country. Higher deposit rates significantly discouraged deposit money banks from granting loans and advances. To ensure that interest rate deregulation has a much significant effect on the loans and advances of deposit money bank, the deregulation of the sector must be full, as against the partial deregulation being presently practiced, to encourage the desired level of competition which would spur the growth of the sector, and ultimately expand credit facilities for the Nigerian economy.