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This study examines the performance of Commercial Banks institutions in Kaduna State, based on the development of small and medium Scale industry. Simply random sampling technique was employed in selecting the 110 that constituted the sample size of the research. Structure questionnaire was designed to facilitate the collection of relevant data which was used for the analysis. Descriptive statistics which involves simple percentage, and chi-square (contingency test). The findings indicate that the operations of CBN have grown phenomenally in the last three years, driven largely by expanding informal sector activities, the conversion of the community banks to commercial banks and the reluctance of banks to fund the emerging commercial enterprises. The study also reveals the sub sector faces a number of challenges, which have been addressed in this research. They include the urgent need to approved and implement a policy frame work that would regulate and standardize the operations; accessing medium to long term sustainable commercial sources of funds, such as SMIEIES. Commercials banks traditionally lend to medium and large enterprises, which are judged to be creditworthy. They avoid doing business with small and medium scale industry because the associated cost and risks are considered to the relatively high. Commercial institutions have therefore become the main sources of funding small and medium scale industry in Africa and in other developing regions.
TABLE OF CONTENTS
Title page- - - - - - - - - - - i
Declaration- - - - - - - - - - - ii
Certification- - - - - - - - - - iii
Approval page- - - - - - - - - - iv
Dedication- - - - - - - - - - - v
Acknowledgement- - - - - - - - - - vi
Abstract- - - - - - - - - - - vii
Table of contents- - - - - - - - - - viii
CHAPTER ONE: INTRODUCTION
1.1 Background of the Study- - - - - - - - 1
1.2 Statement of the Problem- - - - - - - 4
1.3 Objective of the Study- - - - - - - - 6
1.4 Research Question- - - - - - - - - 7
1.5 Significance of the Study- - - - - - - - 7
1.6 Scope of the Study- - - - - - - - - 8
1.7 Definition of terms- - - - - - - - 8
CHAPTER TWO: REVIEW OF RELATED LITERATURE
2.1 Introduction- - - - - - - - - 10
2.2 Roles and Importance of Small Scale Enterprises (SSEs) - - - 14
2.3 Funding Needs and Sources of Funds for Small Scale
Enterprises (SSEs) - - - - - - - - 19
2.4 The Predominance of Small Scale Enterprises in Nigeria- - - 25
2.5 Problems Facing Small Scale Enterprises in Nigeria- - - - 28
2.6 Commercial Banks Financing Small Scale Enterprises under the New Central Bank of Nigeria (CBN) Directive and its likely Impact- - 38
CHAPTER THREE: RESEARCH DESIGN AND METHODOLOGY
3.1 Introduction- - - - - - - - - 45
3.2 Population of the Study- - - - - - - - 45
3.3 Sample size and sampling techniques- - - - - - 46
3.4 Method of Data Collection- - - - - - - 46
3.5 Method of Data analysis- - - - - - - - 46
3.6 Summary of Chapter- - - - - - - - 47
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1 Introduction- - - - - - - - - 48
4.2 Data Presentation- - - - - - - - - 48
4.3 Data Analysis- - - - - - - - - 49
4.4 Test of Hypothesis- - - - - - - - - 50
4.5 Summary of major findings- - - - - - - 52
CHAPTER FIVE: SUMMARY OF FINDINGS,
Conclusions and Recommendations
5.1 Summary of Findings- - - - - - - - 53
5.2 Conclusion- - - - - - - - - - 54
5.3 Recommendations- - - - - - - - - 55
References- - - - - - - - - - 57
Appendices- - - - - - - - - - 68
1.1 BACKGROUND TO THE STUDY
The post-independence Nigerian government adopted the entrepreneurship government which constrained it to assume the role of entrepreneur and the urge to offset the economic neglect of the colonial government and that resulted in engaging in ambitious industrialization programs.
When the Nigerian industrial development Bank Limited (NIDB) was established in 1964 for the purpose of speeding up the industrialization process, its mandate was to promote industrial projects which were large enough to make applicable contribution to the national economy. However, the collapse of the oil boom in the early 1980’s exposed the inherent weaknesses of this importation of inputs resulted in large idle capacities, thereby creeping many gross domestic product (GDP) declined in the face of the strong national aspiration for the restructuring of the economy and reduction of the dependence on petroleum. Small and medium scale enterprises have since become the focus of national industrial policy.
In pursuit of self-reliance in a developing country particularly in Nigeria, the central government enacted a decree called “Enterprises promotion Decree” when there was need for small scale enterprises in the promotion of economic development. This has since been at the fore front of development strategies.
However, many developing countries have failed to adopt these strategies owing to their belief it is a relatively slow process of industrialization. Without the development of small scale enterprises in Nigeria, the nation’s quest for industrialization will certainly remain forever at a slow pace. It is the humble opinion of the researcher that further development on our business enterprises must add to the basic issue of creating linkages within the economy to begin to yield real inputs to our economic activities. Priority attention must therefore be given to those business enterprises for which domestic inputs could easily be produced. The objective should be to maximize the value added in their processing and manufacturing as final strong producer incentives to small scale enterprises are necessary not only to meet the food requirement but also to promote growing input supplier industrial growth.
The present economic constraints may well turn out to be a blessing in disguise to our small scale industry effort particularly for the dynamic manufacturing sector. For instance, the market determined exchange rate through foreign exchange market with its resultant high cost of imported inputs may serve as an impetus for industrialist to intensify their search for loan substitute.
In 2013, the government of the state statutorily enacted an edit establishing an office which was hitherto a sub-system of the ministry of commerce and industry to be known as fund for small scale industries credit scheme (FUSSI) to give credits to prospective investors to enable them establish, thus helping the country towards industrialization.
As at 2013 respectively, banks loans and advances to small scale enterprises rose from N42,302.1 to N46, 824.00 million. However the very slow rate of the industrial sector, the inability of the sector to adequately provide and satisfy the needs of the economic, the over- dependence of the nation at large on foreign goods, pose a necessary course for concern. The means for helping small scale enterprises to acquire the much needed finance form the background of this research.
1.2 STATEMENT OF THE PROBLEM
There is dearth of financial institutions which cater for long and medium term credit needs of businesses operating in the economy. Small scale enterprises are no exceptions to these, and they suffer a great deal for want of capital for development and expansion of the economic survival of the country. It cannot be over emphasized that they have moved from the subsistence level of pre-indigenization period to a position of importance in the country’s industrialization process.
In an attempt to modernize many small scale enterprises, their standard of operation has moved into the capital intensive stage. The need in many cases is beyond the financial capability of the entrepreneurs who set up the business. The major alternative for the provision of such capital is the financial institutions and among the financial institutions operating in the country, commercial banks are the major sources of
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