AN ASSESSMENT OF THE ROLE OF FINANCIAL INSTITUTION IN THE NIGERIAN MARITIME INDUSTRY

AN ASSESSMENT OF THE ROLE OF FINANCIAL INSTITUTION IN THE NIGERIAN MARITIME INDUSTRY

ABSTRACT
In summary of this, the objective of this study therefore are to look at the operations of loan syndication in Nigeria. The study will also give suggestions on how the problem of loan syndication can be solved to improve the practice of loan syndication in Nigeria.

TABLE OF CONTENT
CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND OF THE STUDY

1.2 STATEMENT OF THE PROBLEM

1.3 OBJECTIVES OF THE STUDY

1.4 SIGNIFICANCE OF THE STUDY

1.5 LIMITATION OF THE STUDY

CHAPTER TWO

REVIEW OF RELATED LITERATURE

2.1 FEATURES OF LOAN SYNDICATION

2.2 PARTIES OF LOAN SYNDICATION

2.3 THE BORROWER

2.4 THE LEAD BANK

2.5 THE PARTICIPATING BANKS

CHAPTER THREE

RESEARCH DESIGN AND METHODOLOGY

3.1 SOURCES OF DATA

3.2 LOCATION OF DATA

3.3 METHOD OF DATA COLLECTION

CHAPTER FOUR

THE FINDINGS

CHAPTER FIVE

RECOMMENDATION AND CONCLUSION

PROPOSAL
Since money is the machine that carter ports the economic growth and development in its economy, then this study has to examine the role of financial institutions in the management of loan syndication. The study delves into identifying the parties and procedure involved in a loan syndication business and its important to the economy.

Loan syndication as we will observe, helps in spreading risk of lending between different banks, it also helps in putting the management of lending on experts hands, this study was also carried out in other ascertain to what extent banks have contributed to the Nigeria economy through their provision of loan syndication to firms or contractors.

The objectives of this study therefore are to took at the operations of loan syndication in Nigeria. The study will also give suggestions on how the problem of loan syndication can be solved to improve the practice of loan syndication in Nigeria.

For an economy to develop, there must be the existence of viable investment opportunities. That is why the project also examined both development banks, agricultural banks commercial and merchant banking in the financing of large scale enterprises through loan syndication in Nigeria economy. In this study, a total of 5 (five) banks made up of commercial banks development banks, agricultural banks and merchant banks, would be used as the sample of banks that carry out loan syndication business. Also four companies that benefited from loan syndication business.

Some of the finding is that financial institutions do not give priorities to a particular sector of the company before giving syndication loans. Also there is no effective government regulation that is governing loan syndication operation in Nigeria. Customer’s view the terms of syndication loan agreement so favourable compare to the magnitude of the service rendered.

As a result of the above findings, the following recommendation is made. The customers should negotiate carefully the terms and condition of syndication loan. The financial institution should also try to improve on infrastructural facilities, improve on documentation and also reduce the consortium lending charges.

CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND OF THE STUDY

Financial institutions occupy a vital position and play a landable role in the economy of the nation. Their major purposes are proper mobilization of find as well as provision of capital for industrial development, which is aimed at enhancing economic growth and development.

AN ASSESSMENT OF THE ROLE OF FINANCIAL INSTITUTION IN THE NIGERIAN MARITIME INDUSTRY