Impact of Nigeria deposit money bank on enterprenurship development in Nigeria - case study of Union Bank of Nigeria plc Department:Banking and Finance By: Eniolamoses Project ID: 8787 Rating: (5.0) votes: 1 Price:₦5000 Get the Complete MaterialAbstractThis study examines the impact of deposit money banks (DMBs) on entrepreneurship development in Nigeria, with a focus on Union Bank of Nigeria PLC. Entrepreneurship is vital for economic growth, innovation, and employment, yet it faces barriers such as limited access to finance, high interest rates, and bureaucratic loan processes. Using a descriptive survey design, data were collected from 60 respondents, including bank staff and entrepreneurs, through structured questionnaires. The analysis employed frequency counts and percentages to test three null hypotheses. Findings reveal that Union Bank significantly supports entrepreneurship through SME-focused loans, advisory services, and capacity-building programs, contributing to business growth, job creation, and wealth generation. However, entrepreneurs encounter substantial challenges, including stringent collateral requirements, complex documentation, and high interest rates, which hinder access to credit. Despite these, the bank's financial products were deemed effective in promoting SME sustainability, with strong respondent agreement on their relevance and impact. The study concludes that while Union Bank plays a pivotal role in fostering entrepreneurship, systemic barriers limit its full potential. Recommendations include reducing interest rates, simplifying loan processes, introducing low-collateral schemes, and enhancing awareness campaigns to better align banking services with entrepreneurial needs, thereby advancing Nigeria''''''''s economic development....Preview Download Preview +Other Banking and Finance project topics and materials you might be interested in»The role of central bank of Nigeria (CBN) in the development of Nigeria financial sector»Appraisal of the economic implication of electronic banking in Nigerian banks (A case study of diamond bank)»The impact of strategic planning on banks performance in Nigeria (A case study of united bank for Africa plc)»Evaluation of the impact of liquidity management on banks performance in Nigeria ( A case study of UBA )»The roles of central bank of Nigeria in the prevention of bank failure or liquidation (A case study of central bank of Nigeria 2005-2009)»The role of financial institutions in promoting banking habit and saving capital formation in Nigeria»The effectiveness of monetary policy measures in controlling inflation in Nigeria»The effect of electronic banking on fraud reduction in bank (A case study of access bank plc)»Problems and challenges facing finance houses in the Nigerian economy ( A case study of mortgage bank owerri )»The role of deposit money bank in Nigeria in economy development in Nigeria - a case study of Access Bank Plc»Motivation as a way of reducing fraud in banking industry ( A case study of UBA and Fidelity bank )»Identification and management of bad debts in Nigeria commercial banks(A case study of UBA plc)»The impact of insurance industry on the economic growth of Nigeria (A case study of nicon and hallmark insurance companies 2005-2009)»The contribution and effect of computer to modern day banking in Nigeria (A case study of zenith bank and first bank plc)»The use of accounting information in assessing control and performance in an organization (A case study of first bank of Nigeria owerri)