ABSTRACT
This work aims at
satisfy those who have interest in banks participation in the industrial
development of Nigeria, especially the bankers throughout the world who are
involved in financing industrialization process.
For the purpose of the study,
the researcher used the following methods in collecting data to enable her
carryout an effective study. Related literatures were received, Primary and
Secondary data such as oral interviews, news, newspapers, Journals, CBN Bullion
were used. These were not enough to supply the information needed and to
that effect, the researcher made use of questionnaires, which she designed and
distributed to the staff of banks that are currently participating in the
industrial development of Nigeria and the general public to test hypothesis,
using Chi-Square as a test techniques.
From the questionnaire
collected the researcher made these major findings:
-That banks can
participate extensively in financing of industria
l development in
Nigeria.
3 That
banks participation does not have any significant impact in industrial
development in Nigeria.
4 That
the rapid growing of banks has in some ways contributed to the
industrialization process of the country.
TABLE OF CONTENT
CHAPTER ONE
Introduction
1.1
Statement of the problem & Purpose of Study
1.2 The
rational of the study
1.3
Significant of the study
1.4
Background of the study
1.5
Definition of terms
CHAPTER TWO
Literature Review
2.1
Theoretical Review
2.2
Empirical Review
CHAPTER THREE
Hypothesis of the study, Research Tool And
Procedure, Source of data and Limitation of study
1.1
Hypothesis of the study
1.2
Methodology of the study
1.3 Sources
of data
1.4
Limitation of the study
CHAPTER FIVE
5.1 Summary
5.2
Conclusion
5.3A Recommendation
5.3B recommendation for future
Scholars
CHAPTER ONE
INTRODUCTION
1.1
STATEMENT OF THE PROBLEM AND PURPOSE OF THE STUDY
For any country to attain any degree of
industrialization, it must have to over-come some series of obstacles and
difficulties and it has to depend some how on some financial institutions to
facilitate the industrialization.
This research work is then designed to
investigate the banks participation in the industrial development. A
country becomes famous among other countries of the world when it has been able
to attain a remarkable degree of industrialization.
The aim of this study is to investigate how and
the level of participation of the banks to the industrial development of
Nigeria, hence to determine the impact of financial institutions on the
industrial growth in the country. This study will also investigate on the gains
and losses of this banks that participate in one ways or the other to
industrial growth. And why some financial institution developed cold feet in
participating in industrial development.
This, this is an attempt to draw the mind of
every Nigeria to this question below.
- How far has our country advanced in industrial
development through the assistance of bank?
1.2 THE
RATIONAL OF THE STUDY
Industrialization means the development of
country through industries; A developing country like Nigeria is characterized
by a high degree of subsistence production. Whether a country developed or not
depends on the existing level of wealth and material welfare. The measure of
development of any country is based on its per capital income i.e dividing net
national income by the total population to get per capital income.
The banks has a major role to play the development of any industry and the
nation at large. This impact of banks to the industrial development ranges from
loan assistance, financial advices and other areas which the bank may assist.
That is why it is pertinent to research into industries to know how far they
have gone in the development of Enugu State, and suggest more possible ways the
bank could help more to our nation
1.3 SIGNIFICANTS
OF THE STUDY
This study is very important to the industrial development
of this country through Bank Participation,
since the study focused on its activities. It will help the Management to know
the problems faced by industrialists in Nigeria in obtaining funs and see how
best to assist in the circumstances like this.
The industrialists will equally gain from the study to express their own views
on how they see the role played by banks to their development in Nigeria.
Finally, academicians will also gain from the study, it will serve as reference
material to them and will enhances their views on industrial growth in Nigeria.
1.4 BACKGROUND
OF THE STUDY
There are types and
classes of banks established to
developed respective
sectors in the economy and they are
developments
banks, Commercial banks for Commerce and
industries, Merchant banks, Agricultural
development banks and other. Nigeria’s engagement in economic activities is on
a subsistence basis e.g Agriculture, Poultry, Fishing, Weaving and Mining etc.
These are small and medium Scale industries.
The above mentioned banks are given credit
guideline by the Central bank of Nigeria (CBN) on how to lend to the
industrials and these guidelines are not normally adhered to by these banks
with reasons. The 1972 indiganization decree was necessary so as to direct
financial institutions through Central Bank of Nigeria (CBN)’s credit guideline
to extend certain percentages of their total loans and advances to indigenous borrowers
to promote industrialization. Banks have their reasons for inadequate credit to
small scale and medium size enterprises like;
(i)
Their attitude towards risk makes them restrictive in their lending policy.
(ii)
Many Small Scale enterprises have all conceived projects in which they have
estimate which is often ridiculously valued.
Also problem may arise when there are
stipulations for small Scale industrialists to meet certain requirements before
they are granted loan. One of the identified problems with credit facilities
more especially the ones obtained from commercial banks to the individualists,
it’s short-term nature and high interest rate, which will not enable the
individual have enough time to recoup the funds invested e.g investment on farm
implements lime tractors and lorvesters e.t.c. To recoup the money invested on
these implements will take some time because they are capital investment and
need a long tenure of repayment.
1.5 DEFINITION
OF TERMS
1. Development
Banks:- Refers to institutions established to encourage the economic growth
of a nation. The banks are seen as a vehicle for mobilization of
channeling medium and long term Capital with the production sector of
entrepreneurship and technical assistance.
2. Industrialization: Is
the process of developing the capacity of a country to master and locate within
its borders the whole industrial production process of intermediate products for
other industries, fabrication of the machines and tools required for the
manufacture of the desired product and of other machines, skills to operate.
3. Bank: A
bank can be defined as an institution or establishment for safe keeping lending
and exchange of money.
4. Credit
Facilities: This refers to those facilities which the bank grants to their
customer. This include loans and advances as well as overdraft.
5. Loan: This
refers to a facility which a bank grant to its customers of which the customer
is expected to repay the amount at a due date. Interest is paid at the end of
each mouth.
6. overdraft: Is
a situation whereby a customer is a allowed to overdraw his account subject to
a maximum limit during a given period of time, usually a year. This is
short-term financing.
Department | Banking and Finance |
Project ID Code | BFN0120 |
Chapters | 5 Chapters |
No of Pages | 30 pages |
Methodology | Chi Square |
Reference | YES |
Format | Microsoft Word |
Price | ₦4000, $15 |
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Contact Us On | +2347043069458 |