ROLE OF MICRO FINANCE BANKS IN THE ECONOMY DEVELOPMENT OF NIGERIA

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CHAPTER ONE

1. Introduction –         –         –         –         –         –         –         –         –
   1. Background of the study –         –         –         –         –         –         –
   2. Statement of the Problem –         –         –         –         –         –         –
   3. Objective of the study      –         –         –         –         –         –         –
   4. Significance of the study –         –         –         –         –         –         –
   5. Scope and limitation of the study         –         –         –         –         –
   6. Definition of term            –         –         –         –         –         –         –

CHAPTER TWO

2. Review of Literature        –         –         –         –         –         –         –
   1. Definition of Micro finance       –         –         –         –         –         –
   2. Role of micro finance bank in Nigeria economy      –         –         –
   3. Beneficiaries from micro finance bank          –         –         –         –
   4. Problem encountered by micro finance bank in Nigeria economy
   5. Procedure for established micro finance bank          –         –         –

CHAPTER THREE

3. Summary, Conclusion and Recommendation          –         –
   1. Summary     –         –         –         –         –         –         –         –
   2. Conclusion –         –         –         –         –         –         –         –
   3. Recommendation   –         –         –         –         –         –         –

Bibliography          –         –         –         –         –         –         –

1. CHAPTER ONE

1. INTRODUCTION OF THE STUDY

1.1     BACKGROUND

Micro finance Bank (describe here as small scale financial services to claim that they are economically active various urban and rural areas) has been proven to be effective in fighting poverty by providing entrepreneurs with the necessary capital to start and expand their entrepreneurial activities.

Last year, successive government has put in place various policies in order to make things easier for the ordinary man on the street. Unfortunately, the struggle for survival has became more difficult and excruciating for the toiling masses. Indeed, the government’s concern for the intolerable poverty level, which is more than 54 percent – over 70 million out of 140 million Nigerian population, is encapsulated also in the recent statement by Prof. Chukwuma Soludo, while lamenting that the poverty level in Nigeria is not only getting to a crisis point but also becoming dynastic.

1. STATEMENT OF THE PROBLEM

The research is means to widen the researcher knowledge about the topic in question and to serve a benefit to the people who wish to know about Micro finance bank in Nigeria. And also to serve as a basic of knowledge to other students who wish to carryout research on the same topic.

In Nigeria Micro finance Bank instructively, the researchers by statistics, (from the National Bureau of Statistics (NBS) in 2004) say that the 65 percent of Nigerians are served by the informal financial sector made by money leaders, friends, relatives and credit unions. There seriousness of the state government to the cause of poor in their meds would be gauged by their willingness to remit one percent of their annual budget to the micro – credit development fund, which return, qualities then to withdraw from the pool to empower their people. It is importance here to look at those factors responsible for the higher poverty incidence in the country, especially in northern Nigeria that in 2004 single member household had 12.6 percent poverty incidence, 2 – 4 members household 39.9 percent poverty incidence, 5 – 9 household 57.9 percent, 10 – 20 member households 73 percent and above 20 member household often have 90.7 percent poverty incidence.

In the areas of education, the NBS disclosed that households headed

THE SMALL SCALE ENTERPRISES AND ECONOMIC DEVELOPMENT OF NIGERIA: ENUGU STATE EPERIENCE

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ABSTRACT
The study focused on the small scale enterprise and economic development of Nigeria. Along the line, problems hindering the expansion of small scale enterprises in Enugu State were identified
For guidance on the study, the research formulated hypothesis based on which questions where designed.
The purposes of the study was stated, statement of problems made, and related literature reviewed. Out of the existing small scale industries located in Enugu State, some of them were selected for the research work through random sampling technique. Data were obtained by means of questionnaire, also personal observation was made, the data collected were analyzed using the chi-square (X2), a non parametric test since the questions death with attributes.
It was indicated from the study that small scale enterprises have indeed made useful contributions to the economic development attainment of Nigeria in such a ways as providing employment’s import substitutions improvement technology and etc.
In the process of the study too, it was realized that they have impediments in their contributions to economic development.
Conclusively, economic development can be achieved by establishment of small scale enterprise.
TABLE OF CONTENT

CHAPTER ONE
INTRODUCTION
Problem Identification and Purposes of Study
Rationale of the study
Significant of the study
Definition of terms

CHAPTER TWO
LITERATURE REVIEW
2.1 Theoretical Review
2.2 Empirical Review

CHAPTER THREE
HYPOTHESIS, RESEARCH TOOLS, RESEARCH PROCEDURE, SOURCES OF DATA AND LIMITATIONS OF THE STUDY.
3.1 Hypothesis of the study
3.2 Research tools and research procedure
3.3 Sources of data
3.4 Limitations of the study
CHAPTER FOUR
ANALYSIS
4.1 Presentation of Data
4.2 Analysis of Data / Testing of hypothesis
4.3 Analysis of the result

CHAPTER FIVE
SUMMARY CONCLUSIONS AND RECOMMENDATIONS
5.1 Summary of the study
5.2 Conclusion
5.3 Recommendation for further study
CHAPTER ONE
INTRODUCTION
1.1 PROBLEM IDENTIFICATION AND PURPOSE OF THE STUDY
Nigeria Government joined other countries of the world in emphasizing the establishment of small-scale enterprises which is characterized by small scale industries which size would not all for elaborates administrative structure to play observation role in economic development. Consequently, those roles are feel only little due to insufficient capital, lack of vital business information, lack of education and technology, deteriorating and incompatible controls etc.
The problem in the study therefore is to determine the extent of the contribution of small-scale enterprise towards the economic development in Enugu State and Nigeria.
The purpose of this study there is to analytically appraise the contribution to economic development of the small-scale enterprises in Enugu State.
In order to critically carry out this purpose, the researcher’s primary concern are to.
(1) Examine the type of contribution which small-scale enterprises are expected to make in economic development.
(2) To create an awareness among the citizenry of the importance of small-scale enterprises in Enugu State and Local Government area.
1.2 RATIONALE OF THE STUDY
The rational of the study is to ascertain whether small scale enterprises contribute to the economic development of Nigeria and to what extent.
Different commentators and critics have held contrary views about the contribution of small scale enterprises toward economic development. Some see it as a worthless project that should not be ventured into some as a drain of pipe, a problem to economic developments because it is characterized by problems of small capital, lack of government support, internal control etc. yet, some others see it

THE ROLE OF FINANCIAL INSTITUTIONS IN SMALL
SCALE INDUSTRIAL ACTIVITIES.

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CHAPTER ONE INTRODUCTION
1.1 Problem identification and purpose of the study
1.2 Rational of the study
1.3 Significant of the study
1.4 Background information about the study
1.5 Definition of terms

CHAPTER TWO-LITERATURE REVIW
2.1 Theoretical review
2.2 Empirical review

CHAPTER THREE HYPOTHESIS, RESEARRCH TOOLS PROCEDURE, SOURCES OF DATA AND LIMITATION OF THE STUDY.
3.1 Hypothesis of the study
3.2 Research tools and research procedures
3.3 Sources of data
3.4 Limitations of the studies.

CHAPTER FOUR PRESENTATIONS OF DATA, DATA
ANALYSIS/TESTING OF HYPOTESIS, DISCUSTION OF RESULT.
4.1 Presentation of data and analysis
4.2 Test of hypothesis
4.3 Discussion of result.

CHAPTER FIVE SUMMARY, CONCLUSIONS AND RECOMMENDATIONS,
5.1 Summary of the study
5.2 Conclusion
5.3 Recommendation.

INTRODUCTION

PROBLEM IDENTIFICATION AND PURPOSE OF THE STUDY.
Nigeria financial institutions have over the years given support on various developments projects across the country. (Agbo 2000) In line with this, they were suppose to have givien such financial assistant to small scale industries to enable them hence their administrative structure and industries have over the years been hampered by insufficient capital, lack of know how, lack of education, bad debts, low turnover and detracting scale, etc.
The problem in this study therefore is to determine and ascertain the extent of the contributions of financial institution in the activities of small-scale industries.
The purpose of this study is to analytically appraise the contribution to the growth of small-scale industries through the financial institution in Nigeria.
In order to critically carryout this purpose, the researcher’s primary concerns are:
1.1 Examine the type of role, which financial institutions play towards the development of small-scale industries.
Also examine the contributions of financial institutions to small-scale industrial activities.
1.2 RATIONAL OF THE STUDY
For any economy to grow and develop, there is need for small-scale industries to exist. I n developing countries like Nigeria, one of the ways of allocating the problems of economic development is through the establishment of local manufacturing industries. These industries mainly depend on the local raw materials and manpower

THE ROLE OF NIGERIA DEPOSIT INSURANCE CORPORATION IN REVAMPING DISTRESSED BANKS IN NIGERIA

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CHAPTER ONE:
1.0 INTRODUCTION 1
1.1 BACKGROUND OF THE STUDY 1
1.2 STATEMENT OF THE STUDY 5
1.3 PURPOSE/OBJECTIVE OF THE STUDY 6
1.4 SIGNIFICANCE OF THE STUDY 11
1.5 LIMITATION OF THE STUDY 12

CHAPTER TWO
2.0 REVIEW OF RELATED LITERATURE 17
2.1 GENESIS OF NDIC IN NIGERIA 17
2.2 SCOPE OF NDIC 18
2.3 FUNCTIONS OF NDIC
2.4 OPERATIONAL PROBLEMS OF NDIC

CHAPTER THREE
3.0 RESEARCH DESIGN AND METHODOLOGY26
3.1 SOURCES OF DATA (SECONDARY SOURCES ONLY)26
3.2 LOCATION OF DATA 27
3.3 METHOD OF DATA COLLECTION 27
(LITERATURE WORK ONLY)

CHAPTER FOUR
4.0 FINDINGS 28
CHAPTER FIVE
5.0 RECOMMENDATIONS AND CONCLUSION
5.1 RECOMMENDATIONS 29
5.2 CONCLUSION 31
BIBLIOGRAPHY 33
CHAPTER ONE
INTRODUCTION
As part of the reform measures taken to strengthen the supervisory framework for the banking sector, the Nigeria deposit Insurance corporation (NDIC) was established by decree N.22 of 1988. This reinforcement became imperative given the up surge in the member of licensed bank following the adoption in addition to this, there was also the long term need to create and sustain an enabling environment that will engender sate and sound banking practices by protecting the banking system against destruction runs, protecting bank deposit (especially those of small savers) and ensuring fair play amongst the competing banks. These cardinal consider actions were rein formed by the lesson of history of bank features in Nigeria, the experience of other countries where deposit insurance scheme are being operated and there alive of the prevailing distressed financial condition of the bank in particular and other financial intermediaries in the financial sector in general.
A collaborative study of distress in the Nigeria financial sector was conducted by the corporation and the Central Bank of Nigeria (CBN) and its finding corroborated the earlier held view that distress among the Nigeria Banks was precipitated by a complex set of interrelated problems that had for long afflicted the industry. These include poor management, capital inadequacy, poor lending etc.
Ever since its establishment the Nigerian Deposit Insurance Corporation (NDIC) has consistent with its mandate as provided in NDIC decree. Continued to ensure safe and sound banking system. The sanitization of the banking sector has remained the primary focus of the corporation’s activities through the adoption of appropriate failure resolution options and effective implement action of various laws. Promulgate by the government to stem the hide of distress in the system. This understandably, was because might from its inception the corporation has had to contend with insuring insolvent banks.
The corporations effort and out standing challenges in this regard are reviewed in this term paper and organized as follows after this introduction. Chapter 1, 1.1 talks about background of the study, 1.2statement of the problem, 1.3 purpose/objective of the study,1.4 significance of the stubby.1.5 limitation of the study. Chapter2 presents the review of related literature. Chapter 3, 3.0 Research design and methodology 3.1 sources of data (secondary sources only, 3.2 location of data, 3.3 method of data collection (literature work only) Chapter 4, 4.0 findings.
Conclusively, there are chapter 5, which is the last chapter of the term paper. It talks summary while 5.1 is the recommendations and lastly 5.2 which presents conclusion before the bibliography.

1.1 BACKGROUND OF NIGERIANS DEPOSIT INSTURANCE CORPORATION
The Federal Military Government Decree No. 22 the 15th June 1988. “There is hereby established a body to be known as the Nigeria Deposit Insurance Corporation (hereinafter in this Decree referred to as “the corporation”). This corporation is out to insure bank deposits thereby helping to promote safe and sound banking system in Nigeria, protect depositors interest and further inculcate banking habit amongst Nigerians.
NDIC in an autonomous supervisory body with powers among others, to examine the books and affairs of insured banks and other deposit taking financial institutions operating n Nigeria, to insure their total deposit liabilities with NDIC with the exception of insider deposits, ie deposits belonging to the Board members and staff of the insured bank, deposits used as collateral and such other deposits Borad of NDIC may exempt from time to time.
Deposit insurance is financial guarantee instituted as a measure of safety for the banking system to protect depositors. Deposit insurance promotes the stability of the banking system. It assures the saver that his funds are safe, and that the failure of one bank does not mean that all banks are in danger of failing. The authorized capital of the corporation is N1000M (One thousand million Naira) out of which N50m (fifty million naira) has alre

THE ROLE OF CENTRAL BANK OF NIGERIA (C.B.N) IN AGRICULTURAL FINANCE DEVELOPMENT,
PROBLEMS AND PROSPECTS.
A CASE STUDY OF NIGERIA AGRICULTURAL INSURANCE COMPANY (NAIC) ENUGU –
ENUGU STATE

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ABSTRACT

Based on historical evidence, the highest contribution to the Nigeria Economy was Agriculture at present, Agricultural Production has been deducing drastically, especially since the oil boom. This was also contributed to the neglect on this sector due to the problem the Agriculturist encountered.
Nigeria Agriculture is characterized by the pre-prudence of small scale farming which yields the bulk of the total production. The small scale farmers have been the bedrock of our Agriculture economy and is characterized by illiteracy, small size of farm holding, little capital, unclear titled to land, low productivity and little savings. The muddle class farmers has been increasing in absolute number but is significant in terms of ration. He has large capital, he is more educated and has probably succeeded in his career before retiring into farming. He has better access to credit and information and because this class of farmers were still insignificant in terms of contribution to Agricultural production. It is university and misleading to base Agriculture policy formation on it.
The government in its various tiers is another of Agriculture, in Nigeria. She gets involved into physical farming as well as provision of basic infrastructure and inputs. Examples are: Agriculture Development Project, National Accelerated Food Production Programme, Poverty Alleviation Programme, etc. The plethora of this programme is but a pointer to the confusion regarding the role of government in Agriculture.
Apparently, government has been inefficient and ineffective both in physical farming and in a way of encouraging agricultural finance appears to have increased the volume of Central Bank of Nigeria loans in this direction but it has not had a corresponding impact on the economy. A need to reappraise and indirect agricultural policies and strategy towards the small scale farmer is suggested as one of the basic solution. To achieve and fulfill the motive of this study, the researcher tried as much as she could to use both primary and secondary data.
TABLE OF CONTENT
Title Page ii
Approval Page iii
Dedication iv
Acknowledgement v
Abstract vii
Table of content ix
CHAPTER ONE:
1.1 Background of the study 1
1.2 Statement of problem 4
1.3 Objective of the Study 6
1.4 Research Questions 7
1.5 Research Hypothesis 8
1.6 Significance of the Study 10
1.7 Scope, Limitation and Delimitations 11
1.8 Definition of Terms 13
Reference 15
CHAPTER TWO:
2.0 Review Of Related Literature 16
2.1 Nigerian Agricultural Insurance Company’s
Relationship with any other Establishment 17
2.2 Accelerating with cheaper food production 18
2.3 Reasons for low agriculture output 20
2.4 Banking industry and development of agriculture 22
2.5 Role of agricultural credit 24
2.6 Reasons for low participations by
farmers in Nigerian agriculture 26
2.7 Role of agricultural insurance company 28
2.8 Insurance and Agriculture 29
2.9 Summary of the Reviewed Literature 32
Reference 34
CHAPTER THREE
3.0 Research design and methodology 35
3.1 Research design 35
3.2 Area of study 35
3.3 Population 36
3.4 Sample and Sampling Techniques 36
3.5 Instrument of Data Collection 38
3.6 Methods of Data presentation 39
3.7 Methods of Data Analysis 39
Reference 41
CHAPTER FOUR
4.0 Presentation and Analysis of data 42
4.1 Data presentation 42
4.2 Testing the Hypothesis 49
Reference 60
CHAPTER FIVE
5.0 Findings, Recommendation and Conclusions 61
5.1 Findings 61
5.2 Recommendations 62
5.3 Conclusions 64
Bibliography 67

CHAPTER ONE

1.1 BACKGROUND OF THE STUDY
Agriculture is defined as the cultivation of land for the purpose of producing food for man, feed for animal and fiber or raw material for our industries. It is includes the processing and marketing of crops”. In order words, it embraces all activities involved in the primary and controlled production of plant and animals, such as fishing, forestry, farming, livestock, poultry and small scale industries connected with processing of agricultural products.
Agriculture is one of Nigeria’s largest industry and it does only provide the food and cash crops which are consumed locally and exported to earn foreign exchange, but also employs more than 75% of the entire population, thereby generating revenue to individuals and government.
This goes a long way to increase the ratio of our Gross National Product (GNP).
It is important to note that the present economic predicament of Nigeria could be credited to the drastic fall in the contributions of the agricultural sector. The contribution of agricultural sector to the national economy before independence and the years period after, cannot be emphasized. During this period of per-independence and shortly after words, agricultural products dominated in Nigeria export trade, but today, these products (GNP). Agriculture contribution in the early years of independence (1963 – 1964) was 61.5% throughout the 60s. In the 1970s, it declined miserably by 2.3%. The decline may be attributed to the domination of the nations exports by oil since 1970 and the oil sector accounted for 57:6% of total export income in 1970 and this share rose steadily, attaining an overwhelming proportion of 98% in 1981.
This oil lead to absolute neglect in the both GDP (Gross Domestic Product) and export earnings which has been the major factor dictating the need to reactivate out agricultural products. The need for the re-activation and in effort to revamp this sector has been the reason years to it. It rose from 6% in 1970s to 22% in 1984. This increase acts as incentive and motivation to farmers, but these farmers while engaging in these agricultural ventures are exposed to a lot of problems like disease and pest attacks, fire destructions, industries pollution, machinery breakdown and other problems.
To these problems, the farmers need some aids in solving or minimizing them.
Loan, through the Central Bank of Nigeria seems to be one of the solutions to these problems. To deal more effectively with these risks that the farmers are exposed and to encourage the growth of Agriculture Contribution towards our economy; agriculture insurance was introduced and launched in Nigeria on 15th December 1987, by the Federal Government of Nigeria. The scheme at it’s launched in Nigeria in the year has a budgetary allocation of N4.5m, N6.5m was used to set initial expenses and N35m, the initial contribution to the reserve fund. The main farming activities being covered under this scheme are crops (maize and rice) livestock (poultry and cattle). Tangible fixed assets like farm buildings and farmers, employees and dependants.
Following the formal launching, the Nigeria Agriculture insurance Company was established by the Federal Government of Nigeria (Central Bank of Nigeria i.e their agent) to enhance and oversee the operation of the scheme and to underwrite the loans given to farmers by the Central Bank of Nigeria. The scheme was designed to benefit the small, medium and large scale farmers, either in group or as individual producers.
In order to make the scheme a success, the Federal Government of Nigeria through the Central Bank of Nigeria subsidized the premium rate to 59% to enable subsistence farmers to participate in the scheme. This will definitely boost food production and surplus for exportation upon the efforts of the Central Bank of Nigeria to make this scheme a success, it has not been following effectively and efficient as expected, hence, this is an indicator that there has been some elements of problems debilitating it from functioning positively.

1.2 STATEMENT OF PROBLEM
It is self incident that agriculture has been losing it’s portal role in Nigeria economy irrespective of the various programmes that have been designed to resuscitated it. Finance has been traced to the major handicap to the typical Nigeria farmer, lack of modern farming storage facilities, making and distribution system.. Then the central Bank of Nigeria the apex bank has been mandated by the federal Government of Nigeria is find a solution to these problem.
Consequently, the central Bank of Nigeria through its agencies grant credit for the purpose of agriculture. But was faced with the following problems:
– Lack of general awareness.
– Inadequate public enlightment
– Mismanagement