EQUIPMENT LEASING AS A SOURCE OF FINANCE IN CONSTRUCTION INDUSTRY (A CASE STUDY OF MARLUM CONSTRUCTION COMPANY, ENUGU)

EQUIPMENT LEASING AS A SOURCE OF FINANCE IN CONSTRUCTION INDUSTRY (A CASE STUDY OF MARLUM CONSTRUCTION COMPANY, ENUGU)

ABSTRACT: The aim of this study is to find out how the establishment of Equipment Leasing in the Federation has helped in financing investment. To carry out this study, four research questions were formulated.

In this study, a questionnaire was used to collected relevant data from the staff of Marlum Construction Company, Emene, Enugu.

The findings revealed that Marlum has a positive perception that the established of Equipment Leasing in the federation helped in improvement of investments while lessens also have positive perception, better perception in all the issues raised in the research work.

The relative recent development of leasing in Nigeria as compared to other forms of finance have been said to be the reason for the stunning lack of information about it and the options it offers to the business concern in Nigeria. This lack of information is pitiful in that most members of the public are not even aware of its presence in Nigeria. The need for organized and comprehensive information could not be over emphasized.

Furthermore, being new most investors are not really well informed as to the profitability or otherwise of leasing as a finance option, hence the low level of firms that engaged in leasing which goes to compound the problem of the Nigerian investors not having much choice as to the best alternative available to him.

Subsequently, this study will go a long way in projecting the profitability and future prospects of leasing business in Nigeria and also contributing to the development of leasing in Nigeria which under the present economic condition its impatience cannot be over emphasized.

TABLE OF CONTENT

CHAPTER ONE

1.0     introduction

1.1     Background to the study

1.2     Statement of the problem

1.3     purpose of the study

1.4     Scope of the study

1.5     Research Questions

1.6     Hypothesis

1.7     Significant of the study

1.8     Definition of terms

CHAPTER TWO

1. Review of Literature

CHAPTER THREE

3.0     Methodology

3.1     Research Design

3.2     Area of study

3.3     Population of the study

3.4     Sample and sampling Technique

3.5     Instrument for data collection

3.6     Validity of the instrument

3.7     Reliability of the instrument

3.8     Method of collecting data

3.9     Methods of data Analysis

CHAPTER FOUR

4.0     Data presentation and result.

CHAPTER FVE

5.0     Discussion, Implication and Recommendation

5.1     Discussion of Results

5.2     Conclusions

5.3     Implication of Results

5.4     Recommendations

5.5     Limitations of the study

References

Appendices

LIST OF TABLE

1. Analyses of Questionnaire No 1…………………
2. Analyses of Questionnaire No 2………………
3. Analyses of Questionnaire No 2………………

CHAPTER ONE

1.0     INTRODUCTION

1.1     BACKGROUND OF THE STUDY

Equipment leasing started in Nigeria in early 60’s through off-shore United Kingdom leasing companies. Awelewa (1989, pp.20) with the outbreak of civil war in 1967, these leasing transaction became impossible due to difficulties in exchange control measures introduced by the military Government.

EQUIPMENT LEASING AS A SOURCE OF FINANCE IN CONSTRUCTION INDUSTRY (A CASE STUDY OF MARLUM CONSTRUCTION COMPANY, ENUGU)