Effect Of Banking Lending To The Development Of The Nigeria Economy

📄 Project Abstract

Lending has become a vital function because of its direct effect on economic growth and business development. This is being pursued in most countries particularly the developing ones, where banks and they lending activities have been usefully integrated into government policy formulation in the national economic development process. As far as banks are concern their role as lenders is as important as they of deposit taking consideration of inter - relationship between one another. A careful study and proper analysis of lending in its main parameters has become imperative banking students, finance managers and those concerned with the function of lending. According to Ogamba (1999), one of the basic functions of a bank is the lending of surplus deposits to these who wanted to borrow and accepts deposits from the public in order to make profit; the bank represents one of the cheapest and most flexible sources of finance available for the small business in particular. Credit facilities ar...