THE ROLE OF COMMERCIAL BANKS TO THE INDUSTRIAL DEVELOPMENT SECTOR IN NIGERIA A CASE STUDY UNITED BANK FOR AFRICA (UBA) (1980-2007)

THE ROLE OF COMMERCIAL BANKS TO THE INDUSTRIAL DEVELOPMENT SECTOR IN NIGERIA A CASE STUDY UNITED BANK FOR AFRICA (UBA) (1980-2007)  (ECONOMICS PROJECT TOPIC)

ABSTRACT

It could be affirmative said that the index for measuring any growing economy’s technological advancement is the extent to which its industries both the large and small scale has been growing over time.

It’s a fact that none of these industries can grow without the required financial assistance from financial institution.

Industrialist had in recent times subscribed to discriminate behavior of the Nigeria commercial banks towards granting of finance as one of the reasons that militate against the growth of industries in Nigeria.

CHAPTER ONE

INTRODUCTION

1.1       BACKGROUND OF THE STUDY

The practice of banking and financing in Nigeria is culturally rooted and dates back several centuries ago. In the 1940s, the traditional financial institutions provide access to credit for rural and urban low- income earners. They are mainly of the Informal Self Help Groups (SHGS) or Rotating Savings and Credit Associations (ROSCAs) types. The informal financial institutions generally have limited outreach due primarily to paucity of loanable funds. In order to enhance the flow of financial services to Nigerians, government has in the past, initiated a series of publicly financed micro credit programmes and policies targeted at productivity enhancement.

Notable among such programmes were the Rural Banking Programme, Sectoral Allocation of Credits, the Agricultural credit Guarantee Scheme (ACGS) etc. Other institutional arrangement were the establishment of the Nigerian Agricultural and co-operative Bank limited (NACB), the National Directorate of Employment (NDE), the People Bank of Nigeria…

THE ROLE OF COMMERCIAL BANKS TO THE INDUSTRIAL DEVELOPMENT SECTOR IN NIGERIA A CASE STUDY UNITED BANK FOR AFRICA (UBA) (1980-2007)  (ECONOMICS PROJECT TOPIC)