Our Archives

Call 08068929770 or 08122972656 for any enquiries.

Project Topic:

THE IMPACT OF BANK CONSOLIDATION ON THE MANUFACTURING SECTORS IN NIGERIA

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 125 ::   Attributes: Data Analysis ::   1,399 people found this useful

Project Body:

ABSTRACT

The focus of this research work is on the impact of bank consolidation on the manufacturing sectors in Nigeria. The time period this study covers ranges from 1998-2013, for the pre and post consolidation era. The objectives of this study includes to examine whether the manufacturing sectors in  Nigeria has better access to bank credit due to bank consolidation, and also to examine if the interest rate in the pre –bank consolidation era is lower than in post-consolidation era. Secondary data were extracted from CBN’s statistical Bulletin and annual accounts and reports from 10 manufacturing companies. The proxies of this study include Bank credit to the manufacturing sector (BCM), Manufacturing Sector Gross Domestic Product (MSGDP), Interest Rate (INTR), Manufacturing Sector Growth Rate (MSGR), Share Capital (SHC) profit After Tax (PAT). Paired sample T-test was used in testing the various hypotheses. The findings reveal that commercial bank credit has an insignificant impact on the output of the manufacturing sector during the post bank consolidation period and also the interest rate in the post bank consolidation period is lower than the pre bank consolidation period. It was thereafter recommended that banks should be willing to give both short and long term loans to the manufacturing sector for the development and growth of the manufacturing sectors.

STATEMENT OF PROBLEM

According to (Tomola, 2012) who noted that, there has been a growing concern on the decline of the output of the manufacturing sector in Nigeria in recent times, despite the fact that the government embarked on several strategies aimed at improving industrial production and capacity utilization of the sector. This worry is understandable in view of the fact that it has been generally acclaimed through the Kaldor’s first law, that manufacturing sector is regarded as the engine of growth of the economy. In addition to (Libanio, 2006) posited that the unimpressive performance of the sector in Nigeria is mainly due to massive importation of finished goods and inadequate financial support for the manufacturing sector which ultimately has contributed to the reduction in capacity utilization of manufacturing in the country. Enebong, (2003) argued that the level of the Nigerian manufacturing organizations performance will continue to see a decline because as it is now, the manufacturers will have even more problems in assessing raw materials due to competition from the foreign firms.
Accordingly, the manufacturing firm’s Nigeria is faced with the problem of accessibility to funds. Even the financial sector reform of the structural Adjustment Programme (SAP) which was meant to correct the structural imbalance in the economy and liberalize the financial the financial systems but did not achieve the expected results. Edirisuriya,( 2008) in favour to the banking consolidation noted that financial sector reforms are expected to promote a more efficient allocation resource of resources and ensure financial intermediation occurs as efficiently as possible. This also implies that financial sector liberalization brings competition in the financial markets, raises interest rate to encourage savings, thereby making funds available for investment and hence lead to economic growth stated by (Asamoah, 2008). Therefore it is logical to assume that financial liberalization enhances funds mobilization and economic growths are required for firm’s performance and economic growth.
This study is specifically interested in answering the following questions:

  1. Has bank lending to the manufacturing sector improved significantly since the introduction of the financial sector reforms?
  2. Is there a significant relationship between bank lending and the output of the manufacturing sector in Nigeria?

    OBJECTIVES OF THE STUDYThe major objectives or this study is to examine the impact of Bank consolidation on the performance on manufacturing sectors in Nigeria. To achieve this objective below are some of the specific objective of the research work

  1. To examine whether the manufacturing firm in Nigeria have better access to funds due to the consolidation of Banks
  2. To examine if interest rate in pre-bank consolidation era is lower than in post-consolidation period.
  3. To examine if bank consolidation has impacted positively on the manufacturing firms profitability and growth rate
  4. To examine if bank consolidation has a significant effect on shareholding and GDP on the manufacturing sector

RESEARCH QUESTIONS


Get The Complete Project »

Project Department:

MORE ACCOUNTING FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

Instantly Share this Project On Social Media:

CLOSELY RELATED ACCOUNTING FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

AN APPRAISAL OF THE IMPLICATION OF ELECTRONIC BANKING IN NIGERIA BANKS (A CASE STUDY OF ACCESS BANK)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Secondary data, Data Analysis,Abstract  ::   8171 engagements

CHAPTER TWO REVIEW OF RELATED LITERATURE Electronic banking in Nigeria has overtime been viewed by many especially economists as having a lot of implications on the economy of Nigeria and especially...Continue reading »

A CRITICAL ANALYSIS OF THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 75 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   6554 engagements

ABSTRACT The study was carried out to analyse how an organization performs making use of the financial statements with First Bank of Nigeria Plc serving as the case study. the study disclosed that th...Continue reading »

AN EVALUATION OF THE PERFORMANCE OF NIGERIAN STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIA ( A CASE STUDY OF NIGERIAN STOCK EXCHANGE)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 78 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   4255 engagements

HISTORICAL BACKGROUND OF THE NIGERIA STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIAN. The nigeria stock excahnge denoted by NSE is a government establishment where stocks are traded on a daill...Continue reading »

APPLICATION OF BUDGETS AND BUDGETARY CONTROL MEASURES IN A NON-PROFIT ORGANIZATION: A CASE STUDY OF APOSTOLIC CHURCH, DELTA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 76 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   4441 engagements

2.1 CONCEPTUAL FRAMEWORK A budget is can be defined by accountants as “a planned outcome to be generated and for the expenditure to ensure during that period and the capital to be employed to a...Continue reading »

ASSESSING BOOK-KEEPING PRACTICES OF SMALL AND MEDIUM SCALE ENTERPRISES IN CALABAR LOCAL GOVERNMENT AREA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 69 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   3855 engagements

ABSTRACT The economy of Nigeria cannot function properly or thrive without the micro, small and medium scale enterprises (SMEs). These small scale enterprises cannot function properly if they are not ...Continue reading »

ASSESSMENT OF ADEQUATE RISK RECOGNITION AND MANAGEMENT IN NIGERIAN INSURANCE COMPANIES (A CASE STUDY OF UNION ASSURANCE COMPANY, UYO)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 86 ::   Attributes: Questionnaire, Data Analysis  ::   3297 engagements

THE CONCEPT OF RISK Risk has been the subject of study by different scholars over the years with several meaning and definitions. But the most accepted definitions are that of J.E Banister and P.A Baw...Continue reading »

What are you looking for today?

TESTIMONIALS:

  • 1. Mohammed A.B from Veterinary Laboratory, Zanzibar ,Tanzania said "You are doing good job to assists in research. God bless you.".
    Rating: Very Good
  • 2. Grace Madu from IMT enugu said "Thank you so much; i will tell my friends about you guys!!! Please give them a good job just like mine!!! God bless you!!!".
    Rating: Excellent
  • 3. Favour Adeoti from Unimaid said "For the good deeds and help to students like me, may God almighty continue to bless u and empower you to do more. Thank u very much...".
    Rating: Excellent
  • 4. Saddiq Abubakar Shuaibu from ESAE BENIN UNIVERSITY said "I check your site because I want you to help do this project thank you".
    Rating: Excellent
  • 5. Temitope Olumide from UAM makurdi said "I can not believe i could trust online platforms but you prove to me that there are still some good people out there. Thank you Mr Donald".
    Rating: Excellent
  • 6. Topeola Atinuke from the bells said "hmmmm, not sure yet about all dis comment still working on dem yet....tank u".
    Rating: Average

Paper Information

Format:ms word
Chapter:1-5
Pages:125
Attribute:Data Analysis
Price:₦3,000
Get The Complete Project »

Best Selling Projects

Our Archives