ROLE OF COMMERCIAL BANKS IN FINANCING SMES
Sold By: Joe Project Store | Item Type: Project Material | Report this? | Attributes: 50 pages | 1-5 chapters | Amount: ₦5,000 | Marked useful: 3,977 times
Delivery: Within 24 hoursABSTRACT
This study discusses the Role of Commercial Banks in Financing SME in Nigeria
(A Case Study of First bank Plc) and whether Commercial Banks Assist SMEs in achieving productivity in Nigeria.
CHAPTER ONE
INTRODUCTION
1.3Background of the Study
Small medium enterprises (SMEs) are considered the backbone of economic growth in all countries. They play an important role in Nigerians economic growth, as they constitute 97.2% of the companies in Nigeria .They also contribute to national development by positively influencing the distribution of income in both functional and nominal terms. In emphasizing the importance of SMEs, Rogers, 2014, stated; they enhance capacity building as they serve as entrepreneurial training avenues ; they create more employment opportunities; per unit of investment because of their labour intensive operations; they achieve a much more relative high value added operations because they are propelled by basic economic activities that depend mostly on locally sourced raw materials; they provide feeder industry services as they serve as major suppliers of intermediate goods and components to large-scale industries as well as major agents for the distribution of final products of such industries; they provide opportunities for the development local skill and technology acquisition through adaptation. Despite the catalytic role of SMEs in the economic emancipation of countries, some of their major operational challenges in Nigeria include financial problems. About 80% of small and medium enterprises are stifled because of poor financing.
The research intends to appraise the impact of commercial banks in the financing of SMEs in Nigeria, with a case study of first bank plc.
1.4Statement of the Problem
Despite the significant role of SMES, they are largely affected by lack and insufficiency of funds to operate and expand their businesses. In view of this commercial banks in Nigeria play financial roles towards meeting the capital and operational funds required by SMES
1.3 Research Questions
1. What is the nature and roles of SMEs?
2. What is the nature of the financing problem of SMEs?
3. What is the role of commercial banks in financing SMEs in Nigeria?
4. What constitute the financing options of first bank to SMEs in Nigeria?
1.4 Objective of the Study
1 To appraise the nature and roles of SMEs in Nigeria
2 To determine the role of commercial banks in financing SMEs in
Nigeria
3 To appraise the role of first bank in financing SMEs in Nigeria.
1.9Significance of the Study
The study shall highlight the significance of SMEs to the economy
The study shall analyze the roles of commercial banks in financing SMEs in Nigeria
The study shall provide financing options offered by first bank plc to SMEs in Nigeria.
The study shall serve as a veritable source of information to managers and consultants
1.10Statement of Hypothesis
1 H0 SMEs is not significant to the economy
H1 SMEs is significant to the economy
2 H0 The financial challenge in SMEs is high
H1 The financial challenge in SMEs is low
3 H0 The impact of first bank in financing SMEs is low
H1 The impact of first bank in financing SMEs is high
1.11Scope of the Study
The research shall appraise the role of commercial banks in financing SMEs in Nigeria.
It shall elucidate the nature and significance of SMEs as well as analyze the financing challenges of SMEs in Nigeria.
1.12Definition of Terms
SME:
In Nigeria, the small and medium industries Enterprises investment scheme (SMIEIS) defines SMEs as any enterprise with a maximum asset base of N200 million excluding land and working capital and with a number of staff employed not less than 10 or more than 300.The federal ministry of commerce defines SMEs as firms with a total investment (excluding cost of land but including capital) of up to N750,000, and paid employment of up to fifty person, employee relationship, labour intensive operation, simple technology, fusion of ownership and management and limited access to capital.
Tags: Role of commercial banks Commercial banks Impact of commercial banks Financing in Nigeria Impact of financing
This material content is developed to serve as a GUIDE for students to conduct academic research
Delivery: Within 24 hours
Advertise Here
Not what you were looking for? Perform a search
What's your project topic?
Comment on Facebook:
Related Project Materials
- 1.
WORKPLACE INCIVILITY: AN ASSESSMENT OF THE CAUSES, CONSEQUENCES AND REMEDIES
CHAPTER ONE INTRODUCTION 1.1 Background of the Study Workplace incivility is well recognized as a significant source of stress in the field of soci...More »
Item Type: Project Material | 54 pages | 646 engagements |
- 2.
WORKPLACE INCIVILITY: AN ASSESSMENT OF ITS IMPACT ON EMPLOYEES PERFORMANCE IN SERVICE INDUSTRY OF CA...
CHAPTER ONE INTRODUCTION 1.1 Background of the Study Workplace incivility (WI), a form of mild misconduct characterized by ambiguous intentions to cau...More »
Item Type: Project Material | 54 pages | 463 engagements |
- 3.
UNVEILING AND ADDRESSING CHALLENGES OF DEMOCRATIC LEADERSHIP STYLE IN AN ORGANIZATION( A CASE STUDY ...
CHAPTER ONE INTRODUCTION 1.1 Background of the Study Given that the business world is always changing, Lincoln (2018) noticed that old management t...More »
Item Type: Project Material | 54 pages | 349 engagements |
- 4.
THE ROLE OF KNOWLEDGE MANAGEMENT ON THE COMPETITIVE ADVANTAGE OF FOOD AND BEVERAGE FIRMS IN DOUALA, ...
CHAPTER ONE INTRODUCTION 1.1 Background Of The Study The manufacturing sector is an integral component in the evolution and progress of economies o...More »
Item Type: Project Material | 54 pages | 383 engagements |
- 5.
THE IMPACT OF STRATEGIC KNOWLEDGE MANAGEMENT ON ORGANISATIONAL PERFORMANCE IN CAMEROON (CASE STUDY O...
CHAPTER ONE INTRODUCTION Background of the Study Organizational performance pertains to the comprehensive efficacy and efficiency with which an est...More »
Item Type: Project Material | 54 pages | 426 engagements |
- 6.
THE IMPACT OF ORGANIZATIONAL CULTURE AND ENTREPRENEURSHIP ORIENTATION ON BUSINESS PERFORMANCE USING ...
CHAPTER ONE INTRODUCTION Background of the Study Businesses organizations have emerged as a prominent contributor to the Cameroonian economy, parti...More »
Item Type: Project Material | 54 pages | 389 engagements |