INSTITUTIONAL FINANCING OF PROJECTS IN NIGERIA:
INSTITUTIONAL FINANCING OF PROJECTS IN NIGERIA:
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Date
1992-12
Authors
ONCHE, ADOLE
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
10
ABSTRACT
The development of projects is central to the economy of any nation. It indicates that economic
activities are taking place in that economy.
Very essential to the success of projects is financing. The availability of finance is a central core for
the successful execution of the project.
Very often, in a depressed economic situation as being experienced in Nigeria, the availability of
private financing for projects is next to nil. This is due to low income per capita, low savings
propensity, and general poverty.
With private funds practically unavailable the responsibility for project financing then falls on
financial institutions then have to provide the financing for these important economic activities to
take place.
With the introduction of development banking into the Nigerian economy we have some
institutions that are specifically responsible for the provision of financing for projects. Among these
development banks are the Nigeria Industrial development Bank (NIDB), the Nigeria Bank for
Commerce and Industry, the federal Mortgage Bank and the Nigeria Agricultural and co-operative
Bank. These banks collectively financed almost all the projects that are being executed in Nigeria.
Each of these institutions is responsible for a specific area in the economy as their suggest.
The NIDB which is the case study at this project is responsible for industrial projects as against
mortgage financing or financing commercial a projects.
Description
Department of Business Administration.
Faculty of Administration.
Ahmadu Bello University, Zaria.
Keywords
INSTITUTIONAL,, FINANCING,, PROJECTS,, NIGERIAN,, Case,, STUDY,, NIDB.