The Impact of High Bank Lending on Manufacturing Sector of the Nigerian Economy

The Impact of High Bank Lending on Manufacturing Sector of the Nigerian Economy

Project / Seminar Material
Reference ID: PS-11828-TM

DEDICATION

This research material titled “The Impact of High Bank Lending on Manufacturing Sector of the Nigerian Economy” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Banking and Finance (BF), Book Authors and Profound Scholars of existing or related project material on “The Impact of High Bank Lending on Manufacturing Sector of the Nigerian Economy” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

TABLE OF CONTENTS

PRELIMINARY PAGES

CHAPTER ONE

INTRODUCTION

    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • ⋮
    • 2.4 Empirical Studies

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”

    ABSTRACT

    In all nations, the manufacturing sector is the life wire of economy of a nation development. Manufacturing is also a nation Describe as transformation of raw materials into finish goods which can export to other nations whereby earning or improving our foreign exchange reserve.

    The study investigated the impact of high bank lending rate on manufacturing sector of the Nigeria economy. The research discovered that there is no positive relationship between high cost of funds and capacity utilization. It also that the firms due to the high bank lending or repair obsolete machines or service it.

    Data for this study was collected through secondary sources. Which were from journals and textbooks. Based on findings of the researcher is able to study such as:

    1. The government should make mandatory policies requiring banks to lead to manufacturing firms at a lower rate.
    2. Banker customer relationship in Nigeria should be highly improved to restore the customer confidence in the banking systems.
    3. The federal government with urgency should do all to salvage the naria value.

    The Impact of High Bank Lending on Manufacturing Sector of the Nigerian Economy

    CHAPTER ONE

    Introduction

    1.1 Background Of The Study

    Over the year, Nigeria government has been making series of effort attaining a highly industrialized self-reliant economy. These efforts have been due to the obvious realization by the government of the important of industrialization in economic development of economy and so the importance of manufacturing sector of Nigerian economy cannot be over-emphasized. The sector only provides the finished good, which we need but for lack of which we look abroad foreign exchange through exportation of its products.

    Before 1980 when oil (back gold) was first discovered in river state, agriculture was the major foreign exchange earner in Nigeria. But with the high oil production in the early 70’s. agriculture started losing important in the economy and since then up fill date the oil sector was remain the major foreign exchange earner for Nigeria. The oil boom of the early 70’s however contributed to a large extent to the growth of industries in the country. Certainly, it was after taken the post war era that the Nigerian government starts taken measures to boost. Agriculture as a supplement to the growth and development of the manufacturing industries as well as the economy. Important among these was the joint ownership of industries between the government and foreign firms. But perhaps the most significant of all was the indigenization principle introduce by Yakubu Gowon government in 1972. The concept was to exclusively reserve some business for Nigeria or increase their participation. But this policy was however, poorly managed as some foreigners used Nigeria as front in an effort to evade regulation.

    One of the major ways through which manufacturing firm can be encouraged is through availability of finance for their operation. In Nigeria today finance seem to be or it’s the hardest thing to obtain as a result of several variables of which one of the most important is the ever-increasing rate of interest.

    According to Nwachukwu (1993:20). This states of affairs is lamentable as manufacturing offers by for the best potential of the country. It was the potential for growth. It could be the fastest growing sector of the economy, but with problem that the ministry has to contend with the under capacity utilization, the counting is simply not read, to export and so it high time the industries, the government, the citizen in general developed a concentrated effort aimed at normalizing the pathetic state of affairs.

    1.2 Statement Of The Problem

    One cannot be find various views regarding or concerning the impact of high banks lending rate on manufacturing firm.

    The major task of this research in therefore a critical analysis of the impact of high banks lending rates to see how they have affected the manufacturing say sector.

    …

    CHAPTER TWO

    2.0 Literature Review

    2.1 Introduction

    This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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