THE ROLE OF BANKS IN THE DEVELOPMENT OF ENTREPRENEURSHIP IN NIGERIA. (A CASE STUDY OF FIRST BANK OF NIGERIA PLC.)
Abstract
This paper is on the role of banks in the development of entrepreneurship. It is aimed at dealing with the problems encountered by entrepreneurs in acquiring loans for their business, and also the role banks play in the development of entrepreneurship in nigeria. It seeks to look at the problems of getting the loans and also that of the banks contributions to the average nigerian small-scale enterprises. A detailed research methodological approach, which involved, the review of related literature, personal observation, different techniques for the data collection and questionnaires were embarked upon. Based on he major semantic problem identified, recommendation are made which includes aggressive enlightenment campaign by banks, small-scale manufactures and government to ensure continued positive encouragement to the small-scale industrialist.
Table of content
Chapter one
Introduction                                                                  1
- Problem identification or statement of problem  1
- Rationale of study                                                        2
- Significance of study                                           3
- Background of the study (optional)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 4
- Definition of terms                                              5
Chapter two
Literature review                                                         6
- Theoretical review                                               7
- Empirical review                                                 14
Chapter three
Hypothesis, methodology of the study source of data &
Limitations of the study. Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 17
- Hypothesis                                                          17
- Methodology of the study                                   21
- Data collection                                                    21
Chapter four
Data presentation, analysis and discussion of the results      27
- Data presentation                                                         27
- Discussion of the result                                       40
Chapter five
Summary, conclusion and recommendation                           43
- Conclusion                                                          43
- Recommendations                                                        44
Bibliography                                                                46
Appendix                                                                      50
Chapter one
Introduction
Problem identification/statement of problem
Over the years, unemployment has been a common problem, which almost every nigerian suffers.
According to nwabueze (2003), “the most affected among these unemployed resources is human labour.
The government policy makers, economic and social philosophers, private individuals and banks have in one-way o the other contributed tremendously to the control of the economic menace.
The prime among these unemployment regulators are banks, and thus, this research work aims at uncovering the extent bans have helped in mitigating the teaming unemployed human labour by development of entrepreneurship through;
- Deposit/collection/safe-keeping of entrepreneurial evaluates.
- Advances/credit extension to entrepreneurs.
- Corporate finance services to entrepreneurs.
- Money transfer on behalf of the entrepreneurs.
- International finance services to the entrepreneurs.