PROPOSAL
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
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND
OF THE STUDY
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.
1.2 STATEMENT
OF THE PROBLEM
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:
1 PROBLEM OF INFRASTRUCTURE:
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.
2 LIMITED RESOURCES:
The banks are faced with scarcity
of funds the main source of funds to the bank is the government.
3 INADEQUATE BRANCH OFFICES:
Interest rate structure is one of the problem facing development
banks
4 INADEQUATE BRANCH OFFICES
The development banks do not have
enough branch offices to effectively cover their operation
5 TILL TIMING OF DISBURSEMENT:
The disbursement of funds by the development banks is in
most cases will limited.
6 LOAN REPAYMENT DEFAULT:
Most of the bene ficraries of loans by the development
banks to not pay the loan granted to them.
1.3 PURPOSE
/ OBJECTIVE OF THE STUDY
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.
2
To ascertain, if any, the constants hindering
development banking from performing its set roles.
3
To assess the level of help or contribution which
development banks receives from the government.
4
To determine, if any the consequences of development
bank failure in the economy.
5
To investigate and discover which of the views, about
development bank holds in over community.
1.4
SIGNIFICANCE OF THE STUDY
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
LIMITATION OF THE STUDY
In the
course of this research a lot of difficulties were encounted. They are:
1 TIME
Time allocation to the study
is short thereby making it difficult to get the textbooks, fournals, newspapers
etc relating to the topic.
2
PRESSURE FROM CLASS WORK
There are so many assignments to be written and submitted within a
stipulated fire, it is very difficult for the research to be combining class
work and writing of this study.
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