AN EVALUATION OF THE IMPACT OF URBAN DEVELOPMENT IN PROJECT FINANCING IN NIGERIA. A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF STUDY
In the history of Nigeria most of the government at one time or the other and also the articulate member of the public have recognized the growing need of urban infrastructual development in Nigeria this can easily be inferred from the alarming rate of urbanization in Nigeria over the past few years and the continued deterioration stats of urban environments and the numerous attendants problems .
The background to the settling up of the urban development Bank of Nigeria PLC can betrayed to the preparation of the third National development plan in 197475. at that period , urban problems were b becoming more visible and important that the than federal Government had to set up a federal ministry of urban development and the Environment. This ministry had to b e scrapped about three years late due to the inhabit of the ministry to properly execute its operations, as a realty of the failure of conceptualization of what showed be the omission of the ministry
In appreciation of the necessity to redress the situation of deteriorating state of our urban environments various committees had been setup by Government to look into the matter adequately. These committees came up with various reports and proposals to establish a commission of urban Affairs or urban development. One of these proposals gave his to the establishment in 1977 of the Nigeria state urban development programme (NSUDP) for the propose of reducing the acute shortage of accommodation on the then newly created states of abaci, Bennie, Googol, IMO, Niger, Ogun and Ondo. But it was soon realized that the programme was not capable of adequately handling the problem of urban development .
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AN EVALUATION OF THE IMPACT OF URBAN DEVELOPMENT IN PROJECT FINANCING IN NIGERIA. A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE
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