Banks Participation In Industrial Development

The researcher intends to identify and evaluate the services rendered by banks in Nigeria so as to ascertain the adequacy and efficiency of these service to the industrial development of Nigeria of otherwise to recommend appropriate steps to be taken by those banks in contributing its quota in the industrialization process in Enugu state and Nigeria as a whole.
To achieve this the researcher will undertake the project work by making a case study of union bank of Nigeria Plc Enugu main office.
METHODOLOGY
In pursuances of this research the researcher employee the use of primary and secondary data, oral interview an personal observation will also be used.
FINDING
Based on the primary and secondary data that will be collected form union bank in Enugu state it will be observed that some of the services rendered by these banks only will exist in theory by providing answers to the research question that will be in chapter one. In view of these findings, it will be recommended among other things that these banks commercial and merchant banks should be staffed with professional staffs. These professional staffs will adhere strictly to the modalities worked out by the federal ministry of finance and central bank of Nigeria (CBN) to prevent any bank distress and failures.
On the other hand, the researcher recommends that the industrialist should be realistic when preparing their estimates and values of project they intend to executive, and they should give time figure of their financial statement and make sure that the funds or loan that will be extended to them will not be diverted to private ventures.
It will be the belief of the researcher that if all these recommendation are strictly herd to and is implemented, the problems military against the industrial development of our country will be reduced if not totally eliminated.