ABSTRACT
The purpose of the study is to show the role of bank in the
development of small and medium enterprises in Nigeria. The researcher intends
to carryout the case study of this topic at United Bank for Africa Plc, with
the use of questionnaire and interview guide. Our findings will enable us to
know how banks in Nigeria contribute to the development of small and medium
enterprises in Nigeria which also help in our economy. Finally, conclusions and
recommendation will be adequately given.
TABLE OF CONTENTS
Chapter One
1.0 introduction
1.1 statement of
problem
1.2 purpose of the
study
1.3 significance of
the study
1.4 research
question
Chapter Two
Literature review
2.0
introduction
2.1 the economic
importance of banks
2.2 structure of the
Nigeria economy
2.3 importance of SMES in
Nigeria
2.4 challenges faced by
SMES in Nigeria
2.5 the scheme of SMES
2.6 alternative source of
funding
2.7 capital investment for SMES
in Nigeria
2.8 the central bank and small
and medium enterprises in Nigeria
2.9.1 CBN and its policy
guidelines
2.9.2 the Nigeria experience
2.9.3 what role for SMES
2.9.4 crucial steps
2.9.5 way forward
Chapter
Three
Research methodology and instruments
3.0
introduction
3.1 research
method/design
3.2 source of
data
3.3 target
population
3.4 sampling
instrument
3.5 research
instrument and data collection
3.5.1
secondary data
3.5.2
primary data
3.5.3
questionnaire
3.5.4
interview
Chapter
Four
Data analysis and discussion of findings
4.0
introduction
4.1
method of data analysis
4.2
decision criteria
4.3
analysis of the secondary data
4.4
analysis to the response to the questionnaire
4.5
how important is the role of SMES of the development of the economy
4.6
SMES that participate in government financial scheme
4.7
Attitude to banks to SMES in Nigeria
4.8
Answers to research questions
4.9
Findings and discussions
Chapter Five
Summary and conclusion
5.0
Introduction
5.1
Summary
5.2
Recommendation
5.3
Suggestion for further studies
5.4
Conclusion
REFERENCES
QUESTIONNAIRE
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND
TO THE STUDY
Banking activities came to
Nigeria for the first time in the year 1892 when the Africa Banking cooperation
was established. Development in Nigeria can be divided into five phases namely:
1.
the free banking era
2.
the pre central era
3.
the era of banking legislation
4.
the era of indigenization
5.
the post Okigbo era
The Nigeria small and medium
enterprises (SMES) and bank was incorporated in the 1970s and fall within the
era of indigenization with the aim of financing small and medium enterprises in
Nigeria economy. The Nigeria small and medium enterprises and bank is a
development finance institution specifically set up to deliver credit to small
and medium enterprises in Nigeria. This is carried out through the provision of
loans to individuals, limited liability companies cooperative organization etc.
in addition, banks provide financing by directing investment in the equity
capital of major small and medium industries. The activities of banks also
geared towards assisting in improving the income and welfare of small and
medium industries owners in Nigeria promoting rural development as well as
increasing the nation output of goods and cost to meet the needs of rapidly
increasing population in Nigeria. The banks policy was modified to embrace the
challenges of small and medium industries owners, green revolution programme,
the small holders direct loan scheme and on lending scheme for the river basin
development authorities. The bankers committee is a body constituted by
representation of banks in Nigeria. The scheme was approved at their 246th meeting held December 21,
1999. According to them, this was a response to federal government’s
concern and policy measure for the promotion of small and medium industries
(SMES) as a vehicle for rapid industrialization, sustainable economic
development, poverty alleviation and employment generation. The scheme requires
all banks in Nigeria to set aside 10% for their profit tax (PBT) for equity
investment in small and medium scale industries which commenced on June 19th 2001.
1.2 STATEMENT
OF PROBLEMS
The Nigeria small and medium
scale industries (NSMSI) have important role to play in the development of the
economy. Despite the roles, small and medium enterprises are faced with
problems regarding from the inadequate resources to finance their projects and
inability or perhaps the unwillingness of recipient of loans to services or
repay their loans.
1.3 PURPOSE
OF THE STUDY
The purpose of the study is to
find out the roles of banks in the development of small and medium industries
in Nigeria and further find out the roles of small and medium enterprises SMES
in the development of the economy. The study will also find out the problems
encountered in the process of securing loans and possible ways of solving the
problems.
1.4 SIGNIFICANCE OF THE STUDY
The result of the study will
show the functions and the roles of Nigeria small and medium enterprises and
banks to the development of small and medium industries in Nigeria. Also, the
result of this will inform the management of small and medium industries and
banks to improve on the proportion of loans granted to the owners of small and
medium industries and individuals. Furthermore, it will enable Nigerian small
and medium industries and banks to adopt another strategy which enable them to
better the release of loan able funds in order to achieve greater efficiency in
the management of small and medium industries in Nigeria.
1.5 RESEARCH QUESTION
The following research
questions shall be the primary focus to this research work:
a. Do small and medium enterprises SMES have
important role to play in the development in the economy?
b. Are banks faced with difficult in recovery
of loan from recipient
(SMES) in Nigeria?
c. Do small and medium enterprises faced with
inadequate resources to finance their project?
Department | Banking and Finance |
Project ID Code | BFN0230 |
Chapters | 5 Chapters |
No of Pages | 48 pages |
Methodology | Descriptive |
Reference | YES |
Format | Microsoft Word |
Price | ₦4000, $15 |
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Contact Us On | +2347043069458 |