CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Development banking in Nigeria was established, as a result of strong needs to close the gap created by the inability of the operating banks in Nigeria such as commercial banks, central bank and merchant banks to provide the needed funds to finance some special sectors of the economy such sectors which must be financed mainly with long-term and sometimes with medium term funds, ...
Read moreCHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Development banking in Nigeria was established, as a result of strong needs to close the gap created by the inability of the operating banks in Nigeria such as commercial banks, central bank and merchant banks to provide the needed funds to finance some special sectors of the economy such sectors which must be financed mainly with long-term and sometimes with medium term funds, ...
Read moreCHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Development banking is a specialized financial institution, which provides medium and long –term credit for the creation or expansion of commercial, Agricultural and industrial enterprises of the economy. In Nigeria economy development bank is one among the other sector of development bank in Nigeria economy. 2 To ascertain, if any, the constants hindering development banking from performing its set roles. 3 To assess ...
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