THE PERFORMANCE OF BANK OF INDUSTRY AND THE DEVELOPMENT OF INNOVATIVE FINANCING OPTIONS

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dc.contributor.authorYusuf, Attaliir Maiyaki
dc.contributor.authorAbubakar, Chika Shagari
dc.date.accessioned2023-12-11T13:05:55Z
dc.date.available2023-12-11T13:05:55Z
dc.date.issued2012-05-20
dc.description.abstractThis study focuses on restructuring programmes, as performance impetus, of development banks (DBs) in Nigeria with particular reference to the Bank of Industry [BOI] exercise. On the same spur, the study examines whether the performance of BOI is a determinant in the level of innovations attained in development financing options for enterprises, on account of this restructuring exercise. Documentary evidence, annual report and accounts form the data basis of this study. A dependent t-test was employed to assess the impact of the bank's restructuring on its performance and its financing pattern as well. The variables employed in the test were profitability, liquidity and capital adequacy. The t-test results revealed a statistically significant difference between the pre - and post restructuring liquidity of BOI and thus, spelt the salient varieties of innovative sources of development finance. However, no significant impact was recorded for other variables except for capital adequacy which is partial at 10 percent. The study recommends the need for BOI and other DBs to maintain constant liquidity planning to keep abreast of enterprises fcredit needs in the form of loans and advances. To improve on innovative financing drive, the bank should spur on the post restructuring tempo that guarantees sound liquidity position by maintaining large investment in short term assets. Finally, the study recommends to the government to as matter of policy, prevail on and support other DBs that have not restructured to do so in order to improve on the innovations in sources of development finance outlets.en_US
dc.identifier.citationJhingan, M.L. (2005). “The Economics Of Development And Planning”, 38,h Edition, Nisha Enterprises, Delhi. Maiyaki, Y.A. (2009). “An Assessment Of The Contribution Of Development Finance Institutions (Dfis) Towards Financing Enterprises In Nigeria”, Unpublished M.Sc Accounting And Finance Thesis, Ahmadu Bello university, Zaria. Maiyaki, Y.A. (2010). “Innovative Financing Options For Small And Medium Scale Enterprises In Nigeria”, Journal Of Finance And Accounting Research (JOFAR), vol. 2, No. 1, Mana, 39 - 47. Nnanna, O.J.; Englama, A and Odoko, F.O (2004). “Financial Markets in Nigeria”, Central Bank of Nigeria (CBN), Abuja. Olaitan, M.A. (2006). “Finance for the Small and Medium Enterprises: Nigerian Agricultural Credit Guarantee Scheme Fund”, Journal Of International Farm Management, Vol. 3, No. 2. Ovwielefuoma, G. (1993). “Financial Management And Investment Decisions In Nigeria”, Investors Press Nigeria Limited, Ikeja. Rigby, T. (1993). “Re-engineering Work Patterns”, John Willey & Sons, New York. Trochin, W.M.K. (2006). “Research Methods - Knowledge Ba.se”, Web Centre For Social Research Methods, Hyyp://Www.Social Research Methods Net/Kb/Order.Php Retrieved 30/01/2009.en_US
dc.identifier.urihttps://keffi.nsuk.edu.ng/handle/20.500.14448/2227
dc.language.isoenen_US
dc.publisherDepartment of Enterprenuership, Nasarawa State University, Keffien_US
dc.subjectPerformance, Bank of Industry, Restructuring, Innovation,en_US
dc.titleTHE PERFORMANCE OF BANK OF INDUSTRY AND THE DEVELOPMENT OF INNOVATIVE FINANCING OPTIONSen_US
dc.typeArticleen_US

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