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The Role Of Commercial Banks In Small Scale Entrepreneurial Development In Enugu State
[CASE STUDY OF UBA AND UNION BANK OF NIGERIA PLC]
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1.3 OBJECTIVES OF THE STUDY
In
view of the above problem of small scale entrepreneurship, the overall
objectives of this study is to evaluate the role of commercial banks in
financing small scale enterprises in Enugu. The specific objectives are:
I. To evaluate the extent to which small scale enterprises in Enugu
have been able to obtain loans and advances from Nigerian Commercial
Banks, as major source of finance to the economy.
II. To ascertain the problems facing Commercial banks in financing small scale enterprises in Nigeria.
III. To identify problems encountered by small scale enterprises in obtaining funds from commercial banks.
IV. To determine the viability in small scale enterprises financing by commercial banks.
V.
To appraise and evaluate the situation and make recommendations on how
to improve on commercial bank provision of finance to small scale
enterprises.
1.4 RESEARCH QUESTION
1. To what extent can small scale enterprises obtain loans and advances from Nigerian Commercial Banks?
2. What are the problems facing commercial banks in financing small scale enterprises in Nigeria?
3. What are the problems facing small scale enterprises in obtaining funds from commercial banks?
4. How viable is small scale enterprises financing by commercial banks?
5. How can commercial bank’s provision of finance to small scale enterprises be improved upon?
1.5
HYPOTHESES The hypotheses to be tested include:
Ho1: United Bank for
Africa (UBA) does not comply with the Central Bank of Nigeria Credit
Guidelines as it affects lending to small scale enterprises.
Ho2: Union
Bank of Nigeria Plc. does not comply with the Central Bank of Nigeria
Credit Guidelines as it affects lending to small scale enterprises. When
commercial banks are not willing to comply with the credit guidelines
of the central bank, it will be a hindrance for any institution to
obtain loans or advances from the bank.
1.6 SIGNIFICANCE OF THE STUDY
During
the 1960’s and early 1970’s most Nigerians engaged in industrial
project did so on subsistence level but now emphasis has shifted to the
sophisticated and capital intensive enterprises. Annual policies of the
Federal Ministry of Nigeria in recent years have been to ensure that
commercial banks provide needed capital to small scale enterprises to
help improve their present state. The study therefore sets out to
ascertain the extent to which commercial banks have performed the role
and the findings will help make recommendations and suggestions for
future improvement of the present situation.
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ABSRACT - [ Total Page(s): 1 ]The subject matter of this research work is to evaluate the extent to which Small Scale entrepreneurs in Enugu have been able to obtain loans and raise finance from Nigerian Commercial Banks as a major source of finance to the economy. The main objective of the study is to establish the role of Commercial Banks in financing Small Scale Enterprises (SSEs) in Enugu .A review of literature was done to ensure the conclusion of the study. Based on the analysis, Commercial Banks comply with the Centra ... Continue reading---
