THE ROLE OF BANK IN THE DEVELOPMENT OF SMALL AND MEDIUM ENTERPRISES IN NIGERIA: (A CASE STUDY OF UNITED BANK OF AFRICA PLC)
ATTENTION:
BEFORE YOU READ THE
PROJECT WORK, PLEASE READ THE INFORMATION BELOW. THANK YOU!
TO GET THE FULL
PROJECT FOR THE TOPIC BELOW PLEASE CALL:
08068231953,
08168759420
TO GET MORE PROJECT
TOPICS IN YOUR DEPARTMENT, PLEASE VISIT:
THE ROLE OF BANK IN
THE DEVELOPMENT OF SMALL AND MEDIUM ENTERPRISES IN NIGERIA: (A CASE STUDY OF
UNITED BANK OF AFRICA PLC)
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.
TABLE OF CONTENTS
Chapter One
1.0 introduction
1.1 statement of problem
1.2 purpose of the study
1.3 significance of the
study
1.4 research question
Chapter Two
Literature review
2.0
introduction
2.1 the economic importance of
banks
2.2 structure of the Nigeria
economy
2.3 importance of SMES in Nigeria
2.4 challenges faced by SMES in
Nigeria
2.5 the scheme of SMES
2.6 alternative source of funding
2.7 capital investment for SMES in
Nigeria
2.8 the central bank and small and
medium enterprises in Nigeria
2.9.1 CBN and its policy guidelines
2.9.2 the Nigeria experience
2.9.3 what role for SMES
2.9.4 crucial steps
2.9.5 way forward
Chapter
Three
Research methodology
and instruments
3.0
introduction
3.1
research method/design
3.2
source of data
3.3
target population
3.4
sampling instrument
3.5
research instrument and data collection
3.5.1
secondary data
3.5.2
primary data
3.5.3
questionnaire
3.5.4
interview
Chapter
Four
Data analysis and discussion
of findings
4.0
introduction
4.1
method of data analysis
4.2
decision criteria
4.3
analysis of the secondary data
4.4
analysis to the response to the questionnaire
4.5
how important is the role of SMES of the development of the economy
4.6
SMES that participate in government financial scheme
4.7
Attitude to banks to SMES in Nigeria
4.8
Answers to research questions
4.9
Findings and discussions
Chapter Five
Summary
and conclusion
5.0
Introduction
5.1
Summary
5.2
Recommendation
5.3
Suggestion for further studies
5.4
Conclusion
REFERENCES
QUESTIONNAIRE
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:
1.
the free banking era
2.
the pre central era
3.
the era of banking legislation
4.
the era of indigenization
5.
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 246th meeting 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:
a.
Do
small and medium enterprises SMES have important role to play in the
development in the economy?
b.
Are
banks faced with difficult in recovery of loan from recipient (SMES) in
Nigeria?
c.
Do
small and medium enterprises faced with inadequate resources to finance their
project?
AFFILIATE LINKS:
Comments
Post a Comment