ABSTRACT
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.
Introduction
2.1 The origin of development banking.
5.1 Summaries
Bibliography or references
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.
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 system?
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.
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