AN ASSESSMENT OF THE ROLE OF FINANCIAL INSTITUTION IN THE NIGERIAN MARITIME INDUSTRY

AN ASSESSMENT OF THE ROLE OF FINANCIAL INSTITUTION IN THE NIGERIAN MARITIME INDUSTRY

ABSTRACT

This project details with the role of financial institution in maritime Industry finance in Nigeria a case study of first bank plc. The objective of this study therefore are to look at the operations of loan syndication in Nigeria. The study will also give suggestions on how the problem of loan syndication can be solved to improve the practice of loan syndication in Nigeria. The researcher concludes by saying that there has been a growing interest in maritime Industry financing by bank and other. There has been assistance in supporting Nigeria effort in reshaping their economy through financing maritime Industry among other reason. Base on the finding and other observation in the body of the project, the researcher made the following recommendation which if implemented will not only aid financial institution in achieving their co-operate objective and traditional function will also help in achieving balance economy growth the need to embark vigorous on the production of goods and services for the maritime Industry to scale promotion drive, there is a large for our communities in neighboring0 that we are yet unable to satisfy, much needs to be done one of the production expecting includes quality improvement, rather than on the real scale promotion aspect before the countries large maritime Industry potential can become realize which will also boost of the bank business and other financial because of long delay in cheque clearing procedures which could make maritime Industry to face problem of increase cost of maritime Industry for a successful maritime Industry financing operation.

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