Banking in Nigeria has gone through very schematics changes within this decade. The industry has growth beyond optimistic expectations. Over the period the number of banks expanded fire fold the vanity of banks increased banking operation were substantially were deregulated competition increased and banks were force to be more innoracative and service oriented.
My inspiration to write on this project topic ‘’the role of development banks in Nigeria economy ‘’ is purely based on the polities’ impact, which the economies will derives from it in terms of development financing
Chapter one serves as an introduction overview of the topic. It contains facts about the background of the study, statement of the study, signiplcance of the study and limitations of the study.
Chapter two is the review of the related literature, which I used in the course of these study.
Chapter three dealt on research design and methodology. It ex- rayed my sources of data (secondly sources only) location of my data and methods I used in data collection due literature work only.
Chapter four is the summary of my findings.
Chapter five is purely on my recommendations and findings
4.1 FINDINGS.
5.1 RECOMMENDING
5.2 CONCLUSION
CHAPTER ONE
Development banking is a specialized financial institution, which provides medium and lony –term credit for the creation or expansion of commercial, Agricultural and industrial enterprises of the economy.
In Nigeria economy development bank is one among the other sectors, which is very central to its economic growth and development it plays vital role in the economy by providing food increasing domestic saving providing foreign exchange earnings employment, providing raw-materials for the industrial sector, rural development as well as improving the gross domestic product of the country.
Before the establishment of development banking several measures had been taken by the government to encourage development banking in the country, but they all failed the economy the several measures are the establishment of Nigeria local development board (NLDB) of 1946, federal loans board (CDB) of 1956, the eastern Nigeria development corporation (ENDC) was to operate in eastern Nigeria. These measures were unable to meet the requirements of the nation in terms of development financing.
Development banking have been identified as a catalyst for any meaningful economy transformation of the country. the problem of the banks are among other things the following:
The operation of the development banks are hundred by lack of adequate infrastructural facilities like good access roads, functional telephone facilities constant power supply, portable water, good housing facilities, constant funding.
The banks are faced with scarcity of funds the main source of funds to the bank is the government.
Interest rate structure is one of the problem facing development banks
The development banks do not have enough branch offices to effectively cover their operation
The disbursement of funds by the development banks is in most cases will limited.
Most of the bene ficraries of loans by the development banks to not pay the loan granted to them.
The specific objectives of this research is among other thing the following:
1 To examine cntically the impact /contribution of development bank in Nigeria economy.
This research work on the ‘’role of development banking in Nigeria economy ‘’ would be of immense value to the government .the result of the research will enable the government perform its primary functions more effectively especially in regulating /determining the amount of money allocated to different sectors of the economy.
Investors, and other development finance beneficiaries has a lot to gain from this research. The result of the research is very imperative to them. It will enable them to formulate more realistic and infallible honest policies to repaying the money borrowed from the bank to enable institutions recycle the funds.
Lastly, it would also serve as a material for future research.
| 1 - 5 of 96 Reviews |