DEVELOPMENT BANKING IN NIGERIA

This study focuses on finding out the extent to which development banking has aided in development of the Nigeria Economy through financing and granting of medium and long term loans for capital projects and other related services like providing technical services to their bank customers who engage in promotional activities to stimulate interest on new projects. The study adopted a his historical method of investigation because of the absence of the questionnaire and the nature of the research only historical research was designed since staff and management of development banking carry out the same functions and the same business activities. The staff and management of development banking constitute the population interest of 40 from this population, a formular sampling method was use to arrive at a sample of B6 specifically, the objectives of the study are to among others. To find out the role played by development banking in the development of Agriculture, commerce an industrial sectors. To highlight the impact of development banking in the Nigeria in the Nigerian Economy. To examine the extent of mobilization of funds to finance capital projects. To examine the sources of funds to the development banking in Nigeria To determine whether there is any difference in functions of banks that make up development banking. To accomplish these objectives data were collected historically, which involved the sourcing of data from primary and secondary from the past and present records and functions from the staff of different kinds of development banking in Nigeria, published materials and textbooks. The findings of the research work was based on the data on the literature in chapter two. Against this, background, both short and long term measures were adopted and recommended in chapter five, and if implemented will go a long way in boosting the development of development banking in this country to carry out their business activities efficiently and effectively.