AN EVALUATION OF THE IMPACT OF URBAN DEVELOPMENT BANK IN PROJECT FINANCIAL IN NIGERIA
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ABSTRACT
The project is on the “On the evaluation of the impact of Urban Development Bank in project financial in Nigeria. The importance of this is on the benefits of Urban Development Bank in Nigeria especially to the governments and those who manages the activities of the Urban Development Bank as they would gain the knowledge on how to finance Urban Development Bank of Nigeria in project making.
The research was carried out in a number of states and some branches of Urban Development Banks and found out that the Bank lacks branches in many State and should be traced and solved through their Headquarter in Abuja.
TABLE OF CONTENTS
CHAPTER ONE
1.0 Introduction
- Objective of the study
- Research Questions
- Scope and Limitations of the study
- Definition of Terms
- Significant of the study
CHAPTER TWO
2.0 Urban Development Bank and other Development Banks
- Similarities between Urban Development Bank and other Development Banks
- Differences between Urban Development Bank and other Development banks
- Source of Funds
CHAPTER THREE
- General findings, Recommendations, and Conclusion
3.1 General Finding
3.2 Recommendation
CHAPTER ONE
- INTRODUCTION
In the history of Nigeria, most of the Governments at one time or the other and also the articulate members of the public have recognized the growing need of Urban infrastructure Development in Nigeria. This can easily be inferred from the alarming rate of urbanization in Nigeria. Over the past few years and they continued deteriorating State of Urban environment and the numerous attendants problems.
The background to the setting up of the Urban Development Bank of Nigeria PLC can be traced to the preparation of the third National Development Plan in 1974-75. At that period, Urban problems were becoming very visible and important that the ten Federal Government had to set up a Federal Ministry of Urban development and environment. This ministry had to scrapped about three years after due to the inability of the ministry to properly execute its orations, as a result of the failure of conceptualization of what should be the mission of the ministry.
In appreciation of the necessity to redress the situation of deteriorating various state of our Urban environments, some various committees had been set up of government to look into the matter adequate.
These committees came up with various reports and proposals gave rise to the establishment in 1997 of the Nigeria State Urban Development Programme (NSUDP) for the purpose of reducing the acute shortage of accommodation in the then newly created States of Bauch, Benue, Gongola, Imo, Niger, Ogun and Ondo. But it was soon realized that the programme was not capable of adequately handling the programme of Urban Development.
As a result of this inadequately, the infrastructure Development fund (IDF) was introduced in 1985 as a replacement for the Nigeria State Urban Development programmes. The infrastructure Development fund (IDF) was introduced and soon ran into troubled water in order to find a permanent or lasting solution to the problem, Government accepted the proposal of developing a financial structure based on local initiatives and resources for Urban development with increased value of financial discipline. Hence, the Urban Development Bank of Nigeria Plc was established under Decree No. 51 of 1992, better known as the Urban Development Bank of Nigeria Decree of 1992.
In conclusion, the urban development bank of Nigeria Plc was established and charged within the promotion and development of urban centers through the provision of financial credit on a long term braise to States, Local Government and private sectors for the purpose of the Urban project and financing.
The bank is expected to finance project on Urban infrastructure, Urban Benewal, Economic Development project, social projects and Institution Development.
1.1 OBJECTIVE OF THE STUDY
The purpose for which the writer dedicated to undertake this study is lasted below:
- To review the sources of funds available to the Urban Development Bank of Nigeria Plc.
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Yewa Central College of Education, Ogun, .
List of Federal Universities in Nigeria
Abubakar Tafawa Belewa University, .
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Federal University of Tech, Akure, .
Federal University of Petroleum Resources, Effurun, .
Federal University of Technology, Minna, .
Federal University of technology, Owerri, .
Federal University Dutsin-Ma, .
Federal University, Ndufu-Alike, .
Federal University, Birnin Kebbi, .
Michael Okpara Univeristy of Agric, Umudike, .
Modibbo Adama University of Tech, Yola, .
National Open University of Nigeria, .
Nigeria Police Academy Wudil, .
Nigeria defense Academy, Kaduna, .
Nnamdi Azikiwe University, Awka, .
Obafemi Awolowo University, Ile-Ife, .
University of Abuja, Gwagwalada, .
University of Agriculture Abeokuta, .
University of Agriculture Markurdi, .
University of Nigeria Nsukka, .
University of Port-Harcourt, .
Usmanu Danfodiyo University, .
List of State Universities
Abia State University, Uturu, .
Adamawa State University, Mubi, .
Adekunle Ajasin University, Akungba, .
Amrose Alli University, Ikot Akpaden, .
Anambra State University of Sc. & Tech, Uli, .
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Bauchi State Unibversity, Gadau, .
Benue State University Markurdi, .
Bukar Abba Ibrahim University, Damaturu, .
Cross River State University of Sc. & Tech, Calabar, .
Delta State University Abraka, .
Ebonyi State University, Abakaliki, .
Enugu State University of Sc. & Tech. Enugu, .
Ibrahim Badamasi Babangida University, .
Ignatius Ajuru University of Education, .
Imo state University,Owerri, .
Kaduna State University, Kaduna .
Kano University of Sc. & Tech, Wudil
Kebbi State University, Kebbi, .
Kogi State University, Anyigba, .
Kwara State University, Ilorin, .
Ladoke Akintola university of Tech, .
Nasarawa State University, Keffi, .
Niger Delta University, Yenagoe, .
Olabisi Onabanjo University Ago-Iwoye, .
Ondo State University of Sc. & Tech, Okitipupa, .
Osun State University, Oshogbo, .
Plateau State University, Bokkos, .
Rivers State University of Sc. & Tech, .
Tai Solarin University of Education, Ijebu-ode, .
Taraba State University, Jalingo, .
Umaru Musa Yar’Adua University, .
Private Universities
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African University of Sc. & Tech, Abuja, .
Al-hikmah University, Ilorin, .
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American University of Nigeria, Yola, .
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Benson Idahosa University, Benin, .
Bingham University, New Karu, .
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Joseph Ayo Babalola University,Ikeji, .
Kwararafa University, Wukari, .
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Nigerian-Turkish Nile University, Abuja, .
Obong University, Obong Ntak, .
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Pan-African University, Lagos, .
Redeemer’s University, Mowe, .
Renaissance University, Enugu, .
Wesley University of Sc. & Tech, Ondo, .
Western Delta University, Oghara
List of all the Federal Polytechnics
Air Force Institute of Technology Nigerian Air Force, .
Air Force Institute of Technology Nigerian Air Force, .
Akanu Ibiam Federal Polytechnic, Unwana, .
Nigeria Army School of Military Engineering, .
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Federal School of Dental Technology and Therapy, .
Hussaini Adamu Federal Polytechnic, .
Nigeria Army School of Military Engineering, .
Federal College of Animal Health and Production Technology, .
Waziri Umaru Federal Polytechnic Birnin Kebbi, .
List of State Polytechnics in Nigeria
Abraham Adesanya Polytechnic, Ijebu-Igbo, .
Akwa-Ibom State Polytechnic, Ikot-Osurua, .
Gateway Polytechnic, Igbesa, .
Imo State Polytechnic, Umuagwo, .
Kogi State Polytechnic, Lokoja, .
Kwara State Polytechnic, Ilorin, .
Delta State Polytechnic, Ogwashi-Uku, .
Osun State College of Tech, Esa-Oke, .
Delta State Polytechnic, Ozoro, .
Plateau State Polytechnic, Barkin-Ladi, .
Rivers State College of Arts and Science, .
Rivers State College of Arts and Science, .
Gateway Polytechnic Saapade, .
Edo State Inst. of Tech and Mgt, Usen, .
Niger State Poly, Zungeru, Niger State, .
List of Private Polytechnics in Nigeria
Allover Central Polytechnic, .
Dorben Polytechnic, Bwari-Garam Road, .
The Polytechnic, Ile-Ife, NITEL Road, .
Lagos City Poly, Ikeja, Lagos State, .
Light House Polytechnic, Eubuobanosa, .
Shaka Polytechnic, Polytechnic, Benin city, .
The Polytechnic Imesi-Ile, Osun, .