TABLE OF CONTENTS
PAGES
Title page i
Certification ii
Dedication iii
Acknowledgement iv
Table of contents v
Abstract vii
CHAPTER ONE: INTRODUCTION
1.1
Background
of the Study 1
1.2
Statement
of the Problem 2
1.3
Research Questions 2
1.4 Objective of the Study 2
1.5
Significance
of the Study 3
1.6
Statement
of Hypothesis 3
1.7
Scope of
the Study 4
1.8
Definition
of Terms 4
CHAPTER TWO: REVIEW OF LITERATURE
2.1 Overview
of Small and Medium Scale Enterprises 5
2.2 The
Growth of SMEs and the contributive Schemes in Nigeria 7
2.2.1 The
Nigeria Bank for Commerce and Industry (NBCI) 7
2.2.2 The
Central Bank of Nigeria special Credit Programme for Small and Medium Scale
Enterprises (SMEs) 7
2.2.3 World
Bank facilities for Small and Medium Scale Enterprises 9
2.3 The
Nigerian Financial System 10
2.4 Bank
Loans to Small and medium-sized Enterprises 12
2.5 The
Financial Crisis and SMES 14
2.5.1 Corporate
restructuring and financial structure of SMEs 16
2.5.2. Credit crunch in the financial crisis
and bank loans to SMEs 17
2.5 Theoretical
Framework 19
2.6
Historical Background of First Bank Nigeria Plc. 21
References 24
CHAPTER THREE: RESEARCH METHODOLOGY
3.0
Introduction 26
3.1
Study Area 26
3.2 Research
Design 27
3.3 Population
of the Study 27
3.4 Population
Size and Technique 28
3.5
Data Collection Method 28
3.6 Data
Analysis 28
3.7
Limitation 29
CHAPTER FOUR: DATA PRESENTATION, ANALYSIS AND
INTERPRETATION
4.1 Bio Data of
Respondents 30
4.2 Tables
Based on Research Questions 35
43. Research
Hypothesis 39
CHAPTER FIVE: SUMMARY, CONCLUSION AND
RECOMMENDATIONS
5.1 Summary
of Findings 43
5.2 Conclusion 43
5.3 Recommendations 44
References 45
BIBLIOGRAPHY 46
APPENDIX 48
CHAPTER
ONE
INTRODUCTION
1.3
Background of the Study
Small medium enterprises (SMEs) are
considered the backbone of economic growth in all countries. They play an important
role in Nigerians economic growth, as they constitute 97.2% of the companies in
Nigeria .They also contribute to national development by positively influencing
the distribution of income in both functional and nominal terms. In emphasizing
the importance of SMEs, Rogers, 2014, stated; they enhance capacity building as they serve as
entrepreneurial training avenues ; they
create more employment opportunities; per unit of investment because of
their labour intensive operations; they achieve a much more relative high value
added operations because they are
propelled by basic economic activities that depend mostly on locally sourced
raw materials; they provide feeder industry services as they serve as major suppliers
of intermediate goods and components to large-scale industries as well as major
agents for the distribution of final products of such industries; they provide
opportunities for the development local skill and technology acquisition
through adaptation. Despite the catalytic role of SMEs in the economic
emancipation of countries, some of their major operational challenges in
Nigeria include financial problems. About 80% of small and medium enterprises
are stifled because of poor financing.
The
research intends to appraise the impact of commercial banks in the financing of
SMEs in Nigeria, with a case study of first bank plc.
1.4
Statement of the Problem
Despite the significant role of SMES, they are largely affected
by lack and insufficiency of funds to operate and expand their businesses. In view
of this commercial banks in Nigeria play financial roles towards meeting the
capital and operational funds required by SMES
1.3
Research Questions
1. What
is the nature and roles of SMEs?
2. What
is the nature of the financing problem of SMEs?
3. What
is the role of commercial banks in financing SMEs in Nigeria?
4. What constitute the financing options of
first bank to SMEs in Nigeria?
1.4 Objective of the Study
1
To
appraise the nature and roles of SMEs in Nigeria
2
To
determine the role of commercial banks in financing SMEs in
Nigeria
3
To
appraise the role of first bank in financing SMEs in Nigeria.
1.9
Significance of the Study
The
study shall highlight the significance of SMEs to the economy
The
study shall analyze the roles of commercial banks in financing SMEs in Nigeria
The
study shall provide financing options offered by first bank plc to SMEs in
Nigeria.
The
study shall serve as a veritable source of information to managers and
consultants
1.10 Statement
of Hypothesis
1
H0 SMEs
is not significant to the economy
H1 SMEs
is significant to the economy
2
H0 The financial challenge in SMEs is high
H1 The
financial challenge in SMEs is low
3 H0 The impact of first bank in financing SMEs
is low
H1 The impact of first bank in financing SMEs is
high
1.11 Scope
of the Study
The
research shall appraise the role of commercial banks in financing SMEs in
Nigeria.
It
shall elucidate the nature and significance of SMEs as well as analyze the
financing challenges of SMEs in Nigeria.
1.12 Definition
of Terms
SME:
In Nigeria, the small and medium industries Enterprises
investment scheme (SMIEIS) defines SMEs as any enterprise with a maximum asset
base of N200 million excluding land and working capital and with a number of
staff employed not less than 10 or more than 300.The federal ministry of
commerce defines SMEs as firms with a total investment (excluding cost of land
but including capital) of up to N750,000, and paid employment of up to fifty
person, employee relationship, labour intensive operation, simple technology, fusion
of ownership and management and limited access to capital.
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