THE IMPACT OF COMMERCIAL BANK LENDING ON THE ECONOMIC DEVELOPMENT OF NIGERIA. A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE
PREFACE
The main purpose of this research work is to reveal, disclose and also to give a deep analysis of commercial bank lending and economic development in Nigeria. The nature of the economy and economic development of Nigeria is not encouraging because of the conceptual neglect of the ethnic group and norms and also adaptability in the formulation lending policies by the appropriate authorities and financial banks.
The agricultural section of the productive sector of the economy has witnessed a remarkable decrease in output since after the civil war.
Industrialization was under mined where as the commercial sector has always received the blessing of the commercial banks during some period. It is necessary to have enough performance appraisal of commercial banks now, that our economy is in shameless since they (commercial banks) are regarded as the strongest sector of the role the should play to help our economic development.
In a nutshell is the focus of this particular project work (i.e) the impact of commercial bank lending on the economic development of Nigeria.
CHAPTER ONE
INTRODUCTION
1.1 STATEMENT OF THE PROBLEM AND PURPOSE OF THE STUDY
Lending is the action of lending money by bank it is also to allow somebody to use something temporarily on the understanding that it will be retuned or major way of investing balk funds. While impact is strong impetration or effect on somebody.
This research work is aimed at to find the effect of commercial bank lending on economic development of Nigeria.
- Over lending may lead to misappropriation of fund and consequently difficulty in repayment
- Few Nigeria are interest in utilizing commercial bank credit facilities and consequently, poor banking habit among the populace
- Misuse and mis-management of facilities so, the lending should ascertain whether the requisition is in the preferred or less preferred sectors of the economy. The bank has to ensure that the lending is a profitable one before embarking on it
Purpose of the study
The purpose of this research work is to analyze, empirically, the impact of commercial bank lending on the economic development of Nigeria and in light of the funding, offer suggestion on how the bank lending problem could be solved.
1.2 RATIONALE OF THE STUDY
This study if successful conducted and the recommendation can change the country we reduce lending, this can systematically attract the much needed condition to reduce poverty as regards lending in banking sector in Nigeria.
1.3 SIGNIFICANCE OF THE STUDY
The significance of the study is to achieve a greater success in contributing the little researcher can. There is growing recognition that the banking industry especially the commercial bank must play a greater role in economic development of this country.
Generally, every economic including those of the developed countries of the world need consent surveillance which can only be attained by studying the component of such economy. Any sector overlooked will on a long term view constitute a drop of ink that colour an ocean of water.
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