Development Banking In Nigeria

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        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.














Title page





Table of contents


1.0      Introduction

1.1   background of the study

1.2      Statement of problem

1.3      Objectives of the study

1.4      Research questions

1.5      Significance of the study

1.6      Scope and limitation of study

1.7      Definition of terms



2.0      Review of related literature

2.1   The Nigerian industrial development bank (NIDB)

2.1.1        The Nigerian industrial development bank NIDB sources of fund

2.1.2Functions of Nigerian industrial development bank

2.1.3The re-construction of the Nigeria industrial development bank limited.

2.2      Mandate of bank of industry (BOI)

2.2.1The objectives of bank of industry (BOI)

2.2.2Sources of funds for bank of industry

2.3      Project selection criteria of bank of industry (BOI)

2.4      The Nigeria bank for commerce and industry (NCBI)

2.4.1        Functions of bank for commerce and industry (NCBI)

2.5      The Nigerian agriculture and co-operative bank (NACB)

2.6      Nigerian agricultural co-operative and rural development bank limited (NACPDB)

2.7      Main obligations of Nigerian agricultura, co-operative and rural development bank (NACRDB)

2.7.1Ownership and sources of fund for NACRDB

2.7.2Functions of Nigerian agricultural co-operative and rural development bank (NACRDB)

2.7.3Nigerian agricultural, co-operative and rural development bank (NACRDB) special project loans

2.7.4ECOWAS fund accelerated fish production project

2.7.5International found for agricultural development project (IFAD)

2.7.6Livestock development project (LDP)

2.7.7Annual traction and hand tools technology programme

2.7.8Types of loans granted by and rural development bank (NACRDB)

2.8      Role of development banking serves to economy    

2.9      Defenses in  mandate between bank of industry and Nigerian agricultural co-operative and rural development bank (NACRDB)




3.0      Introduction

3.1      Research design

3.2      Sources of data collection

3.2.1Secondary data sources

3.2.2Primary data sources

3.3      Location of data

3.4      Population of the study

3.5      Sample size determination





4.1      Findings



5.1      Summary and conclusion

5.2      Recommendations















        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, need finance from specialized banks such as development banks. These banks were established for the purpose of providing medium and long term loans for capital projects in Agriculture commerce, industry and other essential projects that are necessary for economic development of the country, such loans are usually provided from the banks internally resources. For projects that require huge capital resources than it can provided alone, development bank usually mobilizes other financial institutions  to raise the required loan for the establishment that requires it.

        Apart from providing medium and long term loans for capital projects in specific areas as already mentioned, development banks render ancillary services like proving technical advice on new and existing projects to their customers, engaging in promotional activities to stimulate interests among their customers on new prefects which the banks consider necessary and profitable. 

        The commercial banks in operation provided short term funds which was as a result of the nature of funds available to them. Occasionally the provided medium term funds and long-term basis. Development banks perform this function by providing long-term loans for capital projects in specific areas. In Nigeria, we have the Nigerian industrial development bank (NIDB), the Nigerian bank for commerce and industry (NBCI) and the Nigerian Agricultural co-operative bank (NACB) now known as Nigerian Agricultural, co-operative and rural development bank limited (NACRD). These banks are owned by the federal government.

        Following the reconstruction of the Nigeria industrial development bank limited, NIDB in 2001, which incorporated the mandate of the Nigerian bank of commerce and industry (NBCI), the (NBCI) apperar to have lost its identify. Today you may not discuss the NBCI without seeing it as a part of NIDB.

        Nevertheless, since NBCI, is still in existence having not be swallowed by the NIDB,

        The NBCI was established through decree 22 of 5th may 1973 by the federal government of Nigeria. The bank which is believe to be a child of circumstance because it came up after the Nigeria civil was when the indigestion  decree was set up. It started its operation on 4th October, 1974.

        The bank’s authorized capital at inception was N50 million N35 million of this fully paid up and subscribed by the


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Development Banking In Nigeria