CHAPTER ONE
In developing countries like Nigeria, majority of the population is rural based, so there is the need to give emphasis to the development of small scale and medium scale enterprises to enable the participation of greater segment of indigenous entrepreneurs in the development process. There is evidence to substantiate the argument that the small industrial sector holds a greater capacity to abort large number of workers who have been unable to secure a wage job in the large and capital intensive industrial sector.
There is no doubt that small-scale is the backbone of business activities in Nigeria. More than 50% of business in Nigeria meets the standard of smallness if such high proportions of enterprise group, it cannot provide the desire effects.
Since the establishment of any enterprises whether large medium or small require finance, it is therefore imperative to examine the importance of small require finance, it is therefore imperative to examine the importance of financial institution especially commercial banks in financing of small scale industries in Nigeria financial institution and banks of any forms, pursue identical goals.
They contribute in no small measure to the country macro-economic objectives for the rapid transformation of the economy. Banks particularly contribute significantly to real development through savings and tending process by stimulating savings, mobilization fo funds and by the ability to ensure the most efficient transformation of the savings into real output.
The important of banks is primarily to transform the economy depends largely on the development of small scale industries in the country and realizing this, they rose up additional sources of capital ventures especially to small-scale industries to encourage and contribute to the development of small scale industries.
The focus of this study by the researcher is to identify the important of commercial bank to the growth of small scale business in Nigeria, in the course of the study; effort has been made to find solution to the following research problem.
The study approach to be adopted in this work would be based primary on secondary method of data collection, most of the work in this research would be based on the primary data collected like Journals, Annual Report, Magazines, Textbooks, Financial papers, interest and other material collected in the library while the secondary data were collected through the interview.
QUESTIONNAIRE, PANELS
This research mainly focuses on the importance of financial institution to the development of small-scale industries in Nigeria.
To the researcher:
To the government
To the business men and women
It is believed that the information gathered from this study is of immense values to the academic community management of the banks the researcher, government and also to businessmen and women.
To the bank, it helps them to improve on their performance especially in the area of loan and advances to small-scale industries.
Terms of Use: This is an academic paper. Students should NOT copy our materials word to word, as we DO NOT encourage Plagiarism. Only use as a guide in developing your original research work. Thanks.
Disclaimer: All undertaking works, records, and reports posted on this website, eprojectguide.com are the property/copyright of their individual proprietors. They are for research reference/direction purposes and the works are publicly supported. Do not present another person’s work as your own to maintain a strategic distance from counterfeiting its results. Use it as a guide and not duplicate the work in exactly the same words (verbatim). eprojectguide.com is a vault of exploration works simply like academia.edu, researchgate.net, scribd.com, docsity.com, course hero, and numerous different stages where clients transfer works. The paid membership on eprojectguide.com is a method by which the site is kept up to help Open Education. In the event that you see your work posted here, and you need it to be eliminated/credited, it would be ideal if you call us on +2348064699975 or send us a mail along with the web address linked to the work, to eprojectguide@gmail.com. We will answer to and honor each solicitation. Kindly note notification it might take up to 24 – 48 hours to handle your solicitation.