THE ROLE OF BANK IN THE DEVELOPMENT OF SMALL AND MEDIUM ENTERPRISES IN NIGERIA
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.
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:
- The free banking era
- The pre central era
- The era of banking legislation
- The era of indigenization
- 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 246thmeeting 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:
- Do small and medium enterprises SMES have important role to play in the development in the economy?
- Are banks faced with difficult in recovery of loan from recipient (SMES) in Nigeria?
- Do small and medium enterprises faced with inadequate resources to finance their project?
CHAPTER TWO
2.0 Literature Review
2.1 Introduction
The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …
Procedure for Downloading the PDF (Docx) Material
The Role of Bank in the Development of Small and Medium Enterprises in Nigeria (A Case Study of United Bank of Africa Plc) can be downloaded by requesting the full set of materials at the project or seminar cost. The document will be sent via Microsoft Word (MS-Word) format via WhatsApp (e-mail) following payment confirmation.
| Seminar Material Cost ₦3,000 | Project Material Cost ₦5,000 |
Request Complete Material
 | Click here to request the Complete Material via WhatsApp including;
|
TABLE OF CONTENTSPRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- 1.1 Background …
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "The Role of Bank in the Development of Small and Medium Enterprises in Nigeria" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
PRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- 1.1 Background …
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "The Role of Bank in the Development of Small and Medium Enterprises in Nigeria" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
Frequently Asked Questions (FAQ)
Can the material for “The Influence of Foreign Music on Lifestyle of Nigeria Youths” be used as a guide for Music Project?
Yes it can be used — The foreign music culture has affected the way many young people and even the elderly see themselves in Nigeria. The aim of the study is to examine the Influence of Foreign Music on Lifestyle of Nigeria Youths using Warri, Delta State as a case study. In achieving this aim, the following specific objectives were laid out to examine the influence of foreign music on the lifestyle of Nigeria youth, examine the morality of the foreign music content, and determine the level of acceptance of foreign music by Nigerian youths. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. Primary data were collected from the primary source which …
Can this topic “Computer Cloud Security System” be used for Computer Science Education Project?
Yes it can be utilized for research — Cloud Computing is regarded as distribution architecture and its main objective is to provide secure, quick, convenient data storage and net computing service, with all computing resources visualized as services and delivered over the Internet. The aim of the study is to design and implement a Computer Cloud Security System. In achieving this aim, the following specific objectives of study were laid out as follows to develop an application software that will enable any user before sending data to the cloud be encrypted with security key, device a means of sharing data in a more secure and reliable manner over the cloud system and create the awareness of the security threats in cloud computer to the people so as the …
Can the material for “An Evaluation of the Nexus Involving Secondary School Students' Educational Achievement and Teaching Approach” be used as a guide for Education Project?
Yes it can be used — Teaching Method is a teaching device or strategy adopted by a teacher to teach a lesson that stimulates learning. The study was carried out to evaluate the Nexus Involving Secondary School Students’ Educational Achievement and Teaching Approach. In achieving this aim, the following specific objectives were laid out to assess the relationship between the use of teaching methods (discussion method, demonstration method, lecture method and questioning method) and academic performance of students. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. A total of 133 (one hundred and thirty three) respondents were selected for this study to represent the entire population of the study. For null hypotheses …
Can the material for “Design and Implementation of Car Rental System” be used as a guide for Computer Science (CS) Project?
Yes it can be used — Car Rental System is a web based system for a company that rents out cars. This system enables the company to make their services available to the public through the internet and also keep records about their services. The aim of the study is to design and develop an Online Car Rental System. In achieving this aim, the following specific objectives were laid out as follows to design and develop a software that will provide a better, easier and more efficient method of vehicle rental and tracking, allow for the generation and assignment of an infinite unique identification number to rental vehicles for tracking purpose, develop a web based system that will help manage the business transactions of car renting …
Can the material for “Gender Violence in Chimamanda Ngozi Adichie’s Purple Hibiscus and Half of a Yellow Sun” be used as a guide for English Language Project?
Yes it can be used — Gender-based violence is not a new problem in the Nigerian society or other societies of the world. Violence against an individual on the basis of his /her gender is common place and is becoming endemic. The study was carried out to examine the Gender Violence in Chimamanda Ngozi Adichie’s Purple Hibiscus and Half of a Yellow Sun. In achieving this aim, the following specific objectives were laid out to examine the trauma of gender violence and evaluate the traumatic experiences of Nigerian women in its various facets as represented in Adichie’s Novels. Investigation revealed that gender discourse is an important area of literary criticism with wide spread implications for gender equality and human development across sectors. Increasing attention is being …
Can the material for “Production of Surface Shine (Polish)” be used as a guide for Chemistry Project?
Yes it can be used — The study was carried out to determine the production process of surface shine (polish). For clearity, polish is a substance rubbed on the surface of materials to make them smooth and shiny. Polish has being of immense importance in protecting leather surfaces and enhancing their beauty. To produce a standard polish, hard waxes such as carnduba wax, candelhla wax and palm wax; semi-hard waxes which include paraffin wax and ozokerite; solvents like tupentine and naphtha; dyes and dryers are essential. In this research project, paraffin wax, turpentine; paraffin oil. Cobalt and lead dryers, vanish, black and brown pigments were used to obtain the desired result. Investigation revealed that coverage and gloss or surface shine produced by the trial formulations. They were …
Can the material for “Design and Implementation of a Web Based Office Management System” be used as a guide for Computer Science (CS) Project?
Yes it can be used — Office Management System is one of the core components which lead to the efficient functioning of a business venture. The aim of the study is to Design and Implement a Web Based Office Management System. In achieving this aim, the following specific objectives were laid out as follows to design and implement an application software that will computerize a system for calculating basic salary and allowance of staff, accurately stores employee data and retrieves payment history when needed and print a comprehensive account statement daily as well from time duration. The motivation that led to the implementation of the proposed system is as aa result of the Manual office systems always put pressure on people to be correct in all …
Can this topic “The Problems of Tax Collection and Effects on the Revenue Generation in Nigeria” be used for Public Administration (PA) Project?
Yes it can be utilized for research — The essence of this research work is to critically evaluate the problems of tax collection and their effects on the revenue generation. A study of Orumba South Local Government Council. In spite of the recent drawn in successful government administration in the state make general revenue through taxation, fine, levies etc. One amongst has been a continuous sub optimal realization of the project figure as the study revealed. This is due to the tax collection procedure, inappropriateness of the rates used, incomprehensive of the tax system and non-adequacy of the control system in various tax offices in the local government council. Data for the study were collected from two main sources; primary and secondary data. A descriptive designed was adopted …
Can the material for “Evaluating the Use of Motivation towards Fraud Reduction in Banking Sector” be used as a guide for Banking and Finance (BF) Project?
Yes it can be used — For quite sometimes now, Fraud has become a serious food for though for many corporate bodies. As a result of this more time is being spent on board meeting in an attempt to find solution to the persistent fraudulent practices among management ands non-management staff. According to Omotosho (1992) “Fraud” is any activity that is taunted with criminal intention to cheat or deceived” The rate at which fraud is perpetrated has led to loose of confidence in banks and motivation as a way of reducing frauds in banking industry. The research work covered the area of motivation and provides a dear explanation on how workers can be adequately motivated in order to reduce fraud plaguing the banking sectors and performance enhancement. Questionnaire were …
Is the topic “The Impact of Cost Control in Manufacturing Industries as Well as Its Problem” recommended for Accountancy / Accounting Project?
Yes it is highly recommended — These research works try as much as possible to look into the impact of cost control in manufacturing industries as well as its problem. In pursuance of this objective, there will be head to highlight the following. Make detailed explanation of the methodology involved in the heading of the cost control in that case study. Chapter one of this project based on the scopes, purpose, hypothesis in a manufacturing concern, it also deals with the background statement of the problem and definition of term in the cost control system. Chapter two deals with the literature review where definition and meaning of cost control, control methods need for cost control, importance, modern development, types, merits, costing system and cost control as …