The project is on the “On the evaluation of
the impact of Urban Development Bank in project financial in Nigeria. The
importance of this is on the benefits of Urban Development Bank in Nigeria
especially to the governments and those who manages the activities of the Urban
Development Bank as they would gain the knowledge on how to finance Urban
Development Bank of Nigeria in project making.
The research was carried out in a number of
states and some branches of Urban Development Banks and found out that the Bank
lacks branches in many State and should be traced and solved through their
Headquarter in Abuja.
TABLE OF CONTENTS
Table of contents
1.1 Objective of the study
1.2 Research Questions
1.3 Scope and Limitations of the study
1.4 Definition of
1.5 Significant of the study
Urban Development Bank and other Development Banks
Similarities between Urban Development
Bank and other Development Banks
between Urban Development Bank and other Development banks
Source of Funds
General findings, Recommendations, and Conclusion
In the history of Nigeria, most of the
Governments at one time or the other and also the articulate members of the
public have recognized the growing need of Urban infrastructure Development in
Nigeria. This can easily be inferred from the alarming rate of urbanization in
Nigeria. Over the past few years and they continued deteriorating State of
Urban environment and the numerous attendants problems.
The background to the setting up of the Urban
Development Bank of Nigeria PLC can be traced to the preparation of the third
National Development Plan in 1974-75. At that period, Urban problems were
becoming very visible and important that the ten Federal Government had to set
up a Federal Ministry of Urban development and environment. This ministry had
to scrapped about three years after due to the inability of the ministry to
properly execute its orations, as a result of the failure of conceptualisation of
what should be the mission of the ministry.
In appreciation of the necessity to redress
the situation of deteriorating various
state of our Urban environments, some various committees had been set up of government to look into the matter
These committees came up with various reports
and proposals gave rise to the
establishment in 1997 of the Nigeria State Urban Development Programme (NSUDP)
for the purpose of reducing the acute shortage of accommodation in the then
newly created States of Bauch, Benue, Gongola, Imo, Niger, Ogun and Ondo. But
it was soon realized that the programme
was not capable of adequately handling the programme of Urban Development.
As a result of this inadequately, the
infrastructure Development fund (IDF) was introduced in 1985 as a replacement
for the Nigeria State Urban Development programmes. The infrastructure Development
fund (IDF) was introduced and soon ran into troubled water in order to find a
permanent or lasting solution to the problem, Government accepted the proposal
of developing a financial structure based on local initiatives and resources
for Urban development with increased value of financial discipline. Hence, the
Urban Development Bank of Nigeria Plc was established under Decree No. 51 of 1992, better known as
the Urban Development Bank of Nigeria Decree of 1992.
In conclusion, the urban development bank of
Nigeria Plc was established and charged
within the promotion and development of urban centers through the provision of
financial credit on a long term braise to States, Local Government and private
sectors for the purpose of the Urban project and financing.
The bank is expected to finance project on
Urban infrastructure, Urban Renewal, Economic Development project, social
projects and Institution Development.
OBJECTIVE OF THE STUDY
The purpose for which the writer dedicated to
undertake this study is lasted below:
i. To review the sources of funds available to the Urban Development Bank of
ii. To identify the various types of project
financed by the Urban Development Bank of Nigeria.
iii. To find out the extent of participation
in projects by the urban Development Bank of Nigeria.
iv. To evaluate the impact of Urban
Development Bank of Nigeria in the Nigeria Economy.
v. To assess the effects of Government policies on the operation of Urban
Development Bank of Nigeria.
vi. To identify the factors that are hindering the effective
performance of Urban Development Bank of Nigeria.
vii. To review how the Urban Development Bank
of Nigeria grants loans to its customers.
viii. To fee its management of Urban
Development Bank of Nigeria is making adequate investment with mobilized funds.
make recommendations based on the findings of the research.
a) What are the sources of funds available to
Urban Development Banks?
b) What are the various types of project
financial by Urban Development Banks?
c) What is the extent of participation in
projects of Urban?
Finally the inability of the bank officials
to finish the researcher with certain facts and figures due largely to the
bank’s policies concerning giving out of such information.