FINANCING SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA

(A CASE STUDY OF BANK INDUSTRY)

BY

OKOLIKO SAMUEL EKOWOICHO

NSU/ADM/ACC/2255/17/18

A PROJECT BEING SUBMITED TO THE DEPARTMENT OF

ACCOUNTING, FACULTY OF ADMINISTRATION

NASARAWA STATE UNIVERSITY, KEFFI IN PARTIAL FULFILMENT

OF THE REQUIREMENT FOR THE AWARD OF BARCHELOR OF
SCIENCE (B.Sc) DEGREE IN ACCOUNTING

AUGUST, 2021
 DECLARATION

I hereby declare that this research work titled “Financing Small and Medium Scale
Enterprises” was written by me Okoliko Samuel Ekowoicho which has never been
presented anywhere before. All quotations are indicated and sources of information
specifically by means of reference.

_______________________ _______________
Okoliko Samuel Ekowoicho DATE
NSU/ADM/ACC/2255/17/18
 CERTIFICATION

This project titled “Financing Small and Medium Scale Enterprises”. A study of
Bank of industry Abuja meets the regulations governing the award of Bachelor of
Science (B.Sc) in the Department of Accounting, Faculty of Administration,
Nasarawa State University Keffi for its contribution to knowledge and literary
presentation.

____________________ _____________
Dr. Ahmed Musa Mohammed Date
Project Supervisor

_______________ ______________
Dr. Abdullahi Ismaila Olotu Date
Head of Department

_________________ _____________
Prof. Barnabas Barde E. Date
Dean, Faculty of Administrion

__________________ ______________
External Examiner Date
 DEDICATION

This project work is dedicated to God Almighty who in his infinite mercy has
given me the wisdom, grace and strength to bring this research work to a
successful completion. Am forever indebted to him.
 ACKNOWLEGEMENT

My profound gratitude goes to Almighty God. The creator of heaven and earth
who endowed me with grace, ability and intelligence to complete this project. He
has been gracious to me through this academic period.

My sincere gratitude and appreciation goes to my project supervisor Dr. Ahmed

Musa Mohammed whose dedication and commitment served as a morale booster to
me, my God reward him here and thereafter. I seize this opportunity to express my
heartfelt appreciation to my uncle Mr. Samson Abah and also to Mr. Paul Kishask
Goshit who provided for the where withal and supported me financially and
prayerfully throughout my studies.

It is most imperative to extend my gratitude to my beloved parents Mr. and Mrs.

John Okoliko and also to my sisters for their urge for me to acquire western
education which is a source of inspiration to the whole family members. I pray that
God in his infinite mercy shower his blessing upon them.

I am very grateful to my coordinator Mallam Hassan Musa and the entire staff of
the department of Accounting, Nasarawa state university for immensely
contributing to my studies, may God Almighty bless you abundantly.
 ABSTRACT

Bank of industry as the oldest financial institution in Nigeria has been a flag
bearer in the provision of short and long-term financial support to various
industries of the Nigerian economy. The study used a survey research design with
both qualitative and quantitative methods. Both primary and secondary methods
were used to collected data to analyze the data collected. The seek the efficiency of
the bank of industry in financing Small and Medium Enterprises in Nigeria for
growth and development in the industries sector of the economy. The study
recommends that government should pursue with vigor, the total deregulation of
the financial seek and fine its monetary policies so as reduce the rate of interest
charge by banks as well as bring about a more realistic exchange rate for naira.