ROLE AND PROBLEMS OF FINANCIAL INSTITUTIONS TO THE GROWTH OF SMALL SCALE BUSINESS IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The purpose of this study is to x-ray the mobilization and channeling of fund to business sectors. The study is to access the contributions of the Nigeria banking industry to the growth of small and large scale business as well as the role of finance in enhancing the growth and development of small and medium scale business. This lies in identifying the major problems confronting these enterprises which are the issue of financing (fund). Also, the various sources of funds, which are available for the small scale enterprises, are also highlighted. The study involves a field survey; the required data were collected through primary and secondary data. Secondary data were collected from textbooks, newspapers, journals seminar papers and other publication that dealt with related subjects. Primary data were collected from various managers of small scale business. Findings of the study concludes that financial institutions play a very significant role in the growth of small scale business. Offering them credit facilities, Educating them on investment opportunities Enlightening them on importance of saving, Providing insurance packages and financial advisory.However the challenges faced by bank in playing this role effectively includes Inadequate collateral, difficulty of processes, fear of inability to repay, and high borrowing cost.. The study therefore recommends that recommends a serious of measures which are to be performed by the government and by financial institutions. These include: creation of a level playing field, lowering transactional costs, and commercial banks should reappraise their role giving accessibility to credit through specialized or development oriented banking or financing institutions. Funds being made available through these sources should be given at preferential interest rates
Related Project Materials
AN ANALYSIS OF THE USE OF TESTIMONY AS A MEANS OF PROOF IN NIGERIA
ABSTRACT
It is natural and common in human society to have between individuals a kind of dispute that may probably arise. Islamic Law had...
PARENTING STYLES AND SELF CONCEPT ON EMOTIONAL ADJUSTMENT OF NIGERIA SECONDARY SCHOOL STUDENTS IN IKPOBA OKHA LOCAL GOVERNMENT AREA OF EDO STATE
ABSTRACT
This study investigates parenting styles and self concept. It was wi...
PROBLEM OF RECORDS MANAGEMENT IN INSTITUTE OF MANAGEMENT AND TECHNOLOGY ENUGU
ABSTRACT
Record management is the making use, control and disposition of records. So t...
THE INFLUENCE OF BUDGET FORECASTING ON BUSINESS PLANNING
THE INFLUENCE OF BUDGET FORECASTING ON BUSINESS PLANNING
This study aims to: (1) analyze the impact of budget forecastin...
THE IMPACT OF VALUE ADDED TAX ON THE PRODUCTIVITY OF MANUFACTURING ORGANISATIONS IN THE NIGERIAN ECONOMY
Abstract
This is a study on the Impact Of Value Added Tax On The Productivity Of Manufacturing Organisations In The Nige...
THE IMPACT OF LEAN ACCOUNTING PRINCIPLES AND THEIR APPLICATION IN MODERN ORGANIZATIONS
ABSTRACT:
This research explores the application of lean accounting principles in modern organizations...
TAX REVENUE AND INFRASTRUCTURAL DEVELOPMENT IN NIGERIA (1994–2017)
Background To The Study
Infrastructure is very significant to a country’s developmental prospect,...
IMPACT OF FLEXIBILITY IN ADULT EDUCATION PROGRAMS
Abstract: This research explores the impact of flexibility in adult education programs. The study aimed to investigate how flexible learning s...
DESIGN AND IMPLEMENTATION OF AN ONLINE BOOK CLUB MANAGEMENT SYSTEM
INTRODUCTION
People who read at least seven books a year are reported to be 2.3 times more intelligent than people who r...
TIME SERIES ANALYSIS ON THE RATE OF TYPHOID FEVER CASES IN ABIA STATE FROM 2001-2010 (A CASE STUDY OF ABSUTH)
ABSTRACT
This research work is concerned with the time series analysis on the rate of typhoid fever cas...
