Impact on Bank Lending on Industrial Development in Nigeria: 1999-2008
Impact on Bank Lending on Industrial Development in Nigeria: 1999-2008.
ABSTRACT
This study was carried out to examine the impact of banking lending on industrial development in Nigeria. The objectives of the study were to examine the impact of bank lending on industrial development in Nigeria and to examine the relationship between bank lending and employment in the industrial sector.
The method used in gathering data for this study was from the publication of the Central Bank of Nigeria and the Federal office of statistics. The method used in testing the hypothesis was an analysis of variance (ANOVA) and regression analysis. Data was analyzed into gross domestic product and loan from 1999 to 2008.
At the end of this work, the researcher made the following findings: (a) Industrial development will be achieved through promotion and encouragement of the small and medium scale industries in the country. (b) The industrial sector in Nigeria has been largely stunted in growth, since the era of the failed import substitution strategy of the 1960s.
Also, the researcher made the following recommendation; (a) Financial assistance could be extended by banks as part of the preventive measure. (b) The policy of import substitution and export promotion should be stipulated by the government to encourage infant industries. (c) The findings are expected to provide insight into likely Contemporary policy choices facing a typical Nigerian economy in the pursuit of an export-led industrialization strategy.
TABLE OF CONTENTS
Title page ……………………
Approval ……………….
Dedication …………………………….
Acknowledgements …………………….
List of Tables …………………………………
List of Appendices ……………………………..
CHAPTER ONE: INTRODUCTION
1.1 Background to Study ………………………………………………..
1.2 Statement of the Problem ………………………………………….
1.3 Objectives of the Study ……………………………………………..
1.4 Research Questions ……………………………………………….
1.5 Research Hypotheses ………………………………………………
1.6 Significance of the Study ………………………………………….
1.7 Limitations of Study …………………………………………………
1.8 Operational Definitions of Terms …………………………………
Reference ……………………………………………………………..
CHAPTER TWO: REVIEW OF RELATED LITERATURE
2.1 Meaning of Industry and Industrialization ……………………..
2.2 Strategies of Industrialization …………………………………….
2.3 Significance of Industrialization in the Development
Process …………………………………………………………………
2.4 Industrial Development Strategies in Nigeria …………………
Reference ………………………………
CHAPTER THREE: RESEARCH METHODOLOGY
3.1 Research Design ………………………………………………….
3.2 Nature and Sources of Data ……………………………………
3.3 Models for Analysis ………………………………………………
3.4 Techniques of Analysis ………………………………………….
3.5 Limitation of the Study …………………………………………..
CHAPTER FOUR: PRESENTATION AND ANALYSIS OF DATA
4.1 Introduction ………………………………………………………..
4.2 Presentation of Data ……………………………………………..
4.3 Test of Hypotheses ………………………………………………..
4.4 Implications of Results …………………………………………..
CHAPTER FIVE: SUMMARY, RECOMMENDATIONS AND
CONCLUSIONS
5.1 Summary of Findings ………………………………………….
5.2 Recommendations ……………………………………………..
5.3 Conclusion ………………………………………………………
Appendices
Bibliography ……………………………………………………
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Industries are found both in developed and developing nations of the world, and they form the bedrock of economic development of any country and essentially their impact is felt around the world Through bank lending, the industrialization development in Nigeria will grow from small scale to medium-scale and too large scale industry.
Ekukanam (1999), notes with deep concern that the development of industries in Nigeria will provide solutions not only to the basic economic problems but also to social problems like unemployment, poverty and over-dependence.
The development of industries through bank lending is not just an effective way of contributing to the diversification and development to the economy and thus the standard of living but also one of the principal means of attaining social and political emancipation of the people of the society.
Bank lending is a catalyst for industrial and economic development. This simply means that bank lending is directed towards stimulating and facilitates economic growth.
BIBLIOGRAPHY
Adebayo, A.A. and S.I, Oladeji (2001), “Factors of Labour Mobility in the Manufacturing Sector in Nigeria”, Nigerian Journal of Economic and Social Studies, Vol. 43 Nos 2 (PP 239-254)
Adenikinjo A. (1996)” Structural Adjustment Programme and Productive Efficiency in the Nigerian Manufacturing sector: lessons beyond Adjustment in Beyond Adjustment: Management of the Nigerian Economy” Selected Papers of the 1996 Annual conference of the Nigerian Economic, Society.
Adenikinjo A.F. and L.N. Chete (2002) “Productivity, Market structure and trade liberalization in Nigeria” AERC Research paper 126, African Economic Research Consortium, Nairobi, November. ISBN 9966-944-06-0
Agbelogode E.N. (1999) “Effects OF petroleum products Scarcity or capacity utilization of selected companies in Lagos”, Unpublished MBA Dissertation, Department of Business Administration, Enugu State University of Science and Technology. Amakom (2008), Post Independence Nigeria and Industrialization Strategies: four and a Half Erratic Decades (11 September)
Athukorala Prema-Chandra and Jayant Menon (2005), Export-Led Industrializations, Employment and Equity:
