AN APPRAISAL OF THE IMPACT OF STRUCTURAL. ADJUSTMENT PROGRAMME (SAP) ON EQUIPMENT LEASING IN NIGERIA: A CASE STUDY OF INTERNATIONAL MERCHANT BANK (NIGERIA) LIMITED
AN APPRAISAL OF THE IMPACT OF STRUCTURAL. ADJUSTMENT PROGRAMME (SAP) ON EQUIPMENT LEASING IN NIGERIA: A CASE STUDY OF INTERNATIONAL MERCHANT BANK (NIGERIA) LIMITED
No Thumbnail Available
Date
1992-12
Authors
OYEWOLE, Tajudeen Ademola
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
Equipment Leasing is a recent development in
Nigeria. However, its rate of growth and acceptance
as an alternative form of business financing under the
Structural Adjustment Programme is great. This is so,
due to rapid economic changes in the country, which
results to high cost of machinery and equipment and
liquidity squeeze. With the recent explosion in the
banking and finance industry in the country, equipment
leasing has began to catch on especially with the
multinational companies and some indigenous growing
ones.
The fundamental changes in the economy brought
about by the introduction of Strutural Adjustment
Programme created a lot of opportunities and constraints
to equipment lease financing in the country. Lease
financing has now become an attractive means of
acquisition and use of fixed assets such as land,
buildings, plants and equipment. The attraction of
leasing is heightened by the very high cost of fixed
assets and the scarcity of foreign exchange to pay for
imports.
As a non-conventional way of creating funds for
capital acquisition, equipment lease financing spreads
across to different sectors of the economy, mainly
manufacturing, agricultural, construction, distributive
and service industries. Therefore, equipment lease
- xi -
- xii -
financing tends to analyse the lessor - lessee
relationship in respect to the type of contractual
agreement they entered.
The equipment leasing industry under the
harsh economic environment created by the Structural
Adjustment Programme has a lot of prospects in the
future and with time it will play a vital role in
financing key projects in the country.
Description
A PROJECT SUBMITTED TO THE POST-GRADUATE SCHOOL,
AHMADU BELLO UNIVERSITY, ZARIA IN PARTIAL FULFILLMENT
OF THE REQUIREMENT FOR THE AWARD OF THE DEGREE OF
MASTER OF BUSINESS ADMINISTRATION (M.B.A) OF AHMADU
BELLO UNIVERSITY, ZARIA, 1991/92 SESSION
DEPARTMENT OF BUSINESS ADMINISTRATION
AHMADU BELLO UNIVERSITY
Z A R I A
DECEMBER, 1992
Keywords
APPRAISAL,, IMPACT,, STRUCTURAL.,, ADJUSTMENT,, PROGRAMME,, EQUIPMENT,, LEASING,, NIGERIA, CASE STUDY,, INTERNATIONAL,, MERCHANT BANK., (NIGERIA) LIMITED