This project is aimed at showing vividly the impact of development
banking in Nigeria using federal mortgage bank (FMBN) as a case study.
It is the purpose of this research to found out if there is any
problem facing theses banks in Nigeria that leads to show development in
Nigeria also the view of other researcher on this topic of study. Finally
to know how these developments banking has contributed in economic development
and growth of the economic funds.
1.1 Statement of the problem
1.2 Rationale of the study
1.3 Significance of the study
1.4 Definition of terms
2.1 The origin of development banking.
2.2 The impact of development banking
2.3 The growth of development banking
2.4 Problems of development banks
2.5 Problems of development banks
2.6 Analysis of development bank performances
3.1 Statement of hypotheses
3.2 Methodology of the study
3.3 Sources of data
4.1 Data presentation
4.2 Analysis of data.
Bibliography or references
1.1 STATEMENT OF PROBLEM
In a developing economy such as Niger there is need for various
financial intermediaries that will engage in financing of this various sectors
of this economic. Those sectors include agricultural sector industrial
sector housing sector commercial sectors etc. Banks are one of these
financial intermediaries in Niger that engages in deposit acceptance and
financing of specific legal; projects. In Nigeria, their exist
three types of banks namely merchant bank commercial bank and development
banks three has always been this problem of distinguishing the role of thee
banks in the development of the country in most cases people
sees these various bank to have and play the same impact on an economy.
It is based on this assumption and be believe that the researcher wants to
study the separate impact and role of development bank in lacking the federal
mortgage bank as a case study.
The researcher will like to live estimate in what ways the federal
mortgage bank has helped in the development of the economy and also the
problems encounters by the developments in Nigeria.
1.2 RATIONALE OF THE STUDY
The rational of the study is to extend the level of
banking system in assisting the existing financial institution. The
purpose of establishing development banking in Nigeria was as a result of
inadequacies of the existing financial institution to needed for the development
of the industrial and agricultural sectors.
The system has contributed immensely towards the agricultural and development
sectors of the economy and to help in the Nigeria financial system.
This came to existence and perfection of its objective in
allocation of funds to ensure a allocation of health economy and a sound
financial system. It has helped a lot in developing the Nigeria banking
1.3 SIGNIFICANCE OF THE STUDY
The Nigerian development banking system is very important and of a
paramount interest to Nigeria. Its banking services are
precisely indispensable of which leads to a continuance in the economic growth
of the nation.
Its contributions are follows.
A Through a
development banking the country can achieve a sophisticated financial system
B This banking
makes granting of loans to be realistic both long and short term
credit in their various terms.
c. To assist in the allocation of financial for
various sector of the economy.
d. It help to work out experiments for making out
incentive and regulator which would effectively induce private
institutions to allocate finance to particular sectors deserving
1.4 DEFINITION OF TERMS
This refers to in this context as all development banks which
exist within the banking industry Nigeria.
This is defined as the practice of accepting deposit and giving loans including
monetary and advisory service.
DEVELOPMENT: This is refereed to as a
progress or sophistication in any activity whether in the administration
banking organization and other areas where activities are involved which many
encounter development. Development in banking means increase
in the level of knowledge of activities due to the advent of
civilization industrialization technology etc.
This is a help or contribution in causing a situation even or condition to
encounter a work in progress. Also it is an effort to develop knowledge
in any aspect of development. Impact is an encroachment into a system
activity condition or situation in order to incur a well structured and
standardized knowledge of any thing in progress.
BANK: This is defined as
a financial institution that is set up to help the merchant
banks in areas where they are not meeting up in the creation of short and long
term credit for economic development .
BANKING: This is a structure
created by the government to help in the allocation of fund or financial
to various sector of the economy. It as also established to work out
incentive and regulations which would effectively induce private institutions
to carry her obligations deserving priority.
DEVELOPMENT BANKS: Some of the development banks treated
here as follows:
1. FEDERAL MORTGAGE BANK OF NIGERIA:
This was established to grant long term credit facilities to other
mortgage institution. Also it was put into existence to encourage
mortgage institution in the country. Furthermore it aims at providing
loans at a rate determined by the government.
2. NIGERIA AGRICULTURAL AND CO-OPERATIVE AND
RURAL DEVELOPMENT BANK (NACROB)
This was established as a result of merging of three development
banks who are not working effectively forwards the achievement of its
goal. It is concerned taking of deposit.
It also provides loans to individuals and cooperative societies for all classes
of agriculture projects trading small scale craftsmanship and other
3. THE NIGERIAN BANK FOR COMMERCE AND INDUSTRY:
This bank was established for rapid implementation of the Nigerian
enterprise promotion. It also aims at transferring fund to the industrial
area projects and all concurring commerce and merchandise.
4. NIGERIAN INDUSTRIAL
DEVELOPMENT BANK (NIDB)
This is a bank established to help in the facilitation of industrial
development projects. It grants loans for projects pertaining to
It also gives advice for potential foreign exchange investors. Fostering the
development of capital markets it equally creates alternative opportunities for
productive investments in Nigeria.
TERMS AND CONDITIONS APPLY
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