BANK PARTICIPATION IN INDUSTRIAL DEVELOPMENT IN NIGERIA

1.0INTRODUCTION: Nigeria has been a victim of a monopolist economy and has been enjoying the so called “PETRO NAIRA” since the oil boom in the early 70s without involving adequately in a sound policy that will keep the nation’s economy in a firm foundation for study growth.  The effect was that the non-oil producing sector of the economy was abandoned and the hope to Nigeria’s sustainable economic growth and development was shattered with the monopolist economy she embraced. Knowing this, an economy developing like Nigeria cannot afford to allow the industrial sector to fade away.  Hence, it is pertinent that we explicably manifest how the role of banks can be employed to the development of these industries. It has been proved beyond every reasonable doubts that industrialization is very crucial for a nation to survive.  It (industrialization) ensures high quality and quantity of goods and services, provides employment to many people, both professionals and non professionals, skilled and unskilled labour. The programme of industrial development bank and commercial banks in helping Nigerians will be brought into focus, the problems and challenges facing industrial development in Nigeria and the shortcomings of banks in providing the essential services to industrialization in Nigeria. 1.1PURPOSE OF STUDY:
The purpose or the objective of these research work is to explicably manifest how bank contribute toward the development of industries in Nigeria through their participation, how the roles of banks can be employed to the development of industries in Nigeria.  These objectives are: i.Identification of the roles and need for industrialization. ii.It also set out to establishing banks involvements in industrialization. iii.Furthermore the problems of industrialization and industrialist in Nigeria. iv.Finally, the research work aim at suggesting and recommending possible ways of improving the efficiency of the industrial development in Nigeria through the bank. TABLE OF CONTENTSTitle pageApproval pageDedicationAcknowledgementTable of contentsCHAPTER ONE1.0Introduction1.1Purpose of study1.2Significance of the study1.3Scope of the study1.4Limitation of the study1.5Definition of termsCHAPTER TWO:2.0The roles of banks in industrial development2.1The need for industrialization2.2The role of industrialization2.3The need of bank involvement in industrialization
2.4The problem of industrialization and industrialist in NigeriaCHAPTER THREE:3.0Summary of findings, conclusion and recommendation3.1Findings3.2Conclusion3.3RecommendationBibliography