BANK PARTICIPATION IN INDUSTRIAL DEVELOPMENT IN NIGERIA
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1.1 Purpose of study
- Significance of the study
- Scope of the study
- Limitation of the study
- Definition of terms
- The roles of banks in industrial development
2.1 The need for industrialization
- The role of industrialization
- The need of bank involvement in industrialization
- The problem of industrialization and industrialist in Nigeria
- Summary of findings, conclusion and recommendation
Nigeria has been a victim of a monopolist economy and has been enjoying the so called “PETRO NAIRA” since the oil boom in the early 70s without involving adequately in a sound policy that will keep the nation’s economy in a firm foundation for study growth. The effect was that the non-oil producing sector of the economy was abandoned and the hope to Nigeria’s sustainable economic growth and development was shattered with the monopolist economy she embraced.
Knowing this, an economy developing like Nigeria cannot afford to allow the industrial sector to fade away. Hence, it is pertinent that we explicably manifest how the role of banks can be employed to the development of these industries.
It has been proved beyond every reasonable doubts that industrialization is very crucial for a nation to survive. It (industrialization) ensures high quality and quantity of goods and services, provides employment to many people, both professionals and non professionals, skilled and unskilled labour.
The programme of industrial development bank and commercial banks in helping Nigerians will be brought into focus, the problems and challenges facing industrial development in Nigeria and the shortcomings of banks in providing the essential services to industrialization in Nigeria.
1.1 PURPOSE OF STUDY:
The purpose or the objective of these research work is to explicably manifest how bank contribute toward