ANALYSIS OF THE ADEQUACY OF BANK FINANCING ON THE GROWTH OF SMALL BUSINESSES IN NIGERIA

ANALYSIS OF THE ADEQUACY OF BANK FINANCING ON THE GROWTH OF SMALL BUSINESSES IN NIGERIA (A CASE STUDY OF UNION BANK OF NIGERIA PLC)

ABSTRACT

The study examined the adequacy of bank financing on the growth of small businesses in Nigeria using the Union Bank of Nigeria as a case study. The major objective of the study is to ascertain the extent to which Union Bank of Nigeria Plc has helped to financial small scale industries. Instrument of data collection is questionnaires and research questions which formed the source of primary data while materials from various published articles, textbooks, journals and newspaper formed the secondary data. The method of analysis is the use of table percentages and chi-square. The major finding of the research is that Union Bank of Nigeria Plc has helped to financed small scale industries period under review. The recommendation is that in order to reduce the risk in small scale industry lending, the central bank of Nigeria and the government can do more than they are doing currently. The study concluded that if the desired objective of using small scale industries as catalysts of development is to be achieved than an analysis of adequacy of bank funding should be mutually supportive.