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This investigation focused on the contribution of commercial banks to Nigeria’s industrial growth (a case study of Union Bank plc Bauchi). 200 employees of a chosen Union bank plc in Bauchi make up the study’s entire population.

Questionnaires were utilised by the researcher as the instrument for gathering data. Descriptive The study’s research design was a survey.

For the study, a total of 133 respondents from HRMS, accountants, customer service representatives, and marketers were used. Simple percentages and frequencies were used to analyse the data, which were presented in tables.

Chapter One


1.1 Background Of The study

Industrial banks and commercial banks are interchangeable because one helps the other expand. In particular, banking operations are an industry that dates back to classical culture, particularly Rome,

and was present in Babylon at the time. However, the development of modern banking began in Italy, where bankers began accepting demand time deposits in addition to purchasing and selling foreign currencies.

As a result, these banking practises persisted in Italy and other developing countries until British Bank of West Africa (BBWA), later known as First Bank of Nigeria Plc, was created in Lagos in 1894 by Liverpool-born shipping manager Sin Alfred Jones.

Then, in 1917, Barleys Bank Ltd., today known as Union Bank Plc. was founded to compete with the BBWA’s monopoly. The majority of Union Bank’s branches are currently spread across the nation.

In a similar sense, industry predates humankind itself. Even the start of the industrial revolution, which dispersed enterprises around the globe, claimed to be the original.

Numerous potential industrialists from all walks of life are drawn to the businesses they operate in this nation because to the country’s strong banking and communication networks.

As a result, it will become clear in the next chapters how much the commercial bank’s generous assistance to industrialists contributes to Nigeria’s overall development.

Despite the fact that both bankers and businessmen occasionally experience difficulties. Additionally, this research endeavour made sincere efforts to identify some of the issues and suggest potential solutions.

Commercial banks’ development and evolution in Nigeria

We did mention that banking is an old industry in the first stage of these. There were banks in the ancient city of Babylon even before the start of the industrial revolution, but their organisational structure was relatively rudimentary.

The process at the time was that the owner visiting the banker who was sitting at his bench or table baking checks was unknown. As a result, the banker who was unable to pay his creditors gave rise to the word “bankruptcy” as we know it today.

The most well-known of them flourished at the expense of goldsmiths who took customers’ gold and silver for storage. Later, they learned that because not all clients arrived for payment at once, they might lend out such coin and earn a specific percentage of revenue.

Goldsmith issued the receipts in round number forms to make them transportable. Consequently, it serves as a crude kind of money that can be repaid to the bank on demand in gold or silver.

Therefore, we can argue that the goldsmith’s note served as the model for the note used by modern banks, and that goldsmithing preceded modern banking.

The British or West African (BBWA) was founded in 1894, taking over a corporation that had been founded two years earlier in 1892. From that point on, foreign banks dominated the Nigerian banking scene until the national bank of Nigeria enraged to become the country’s first indigenous bank in 1913.

The history of the British Bank of West Africa (BBWA), whose name was later changed to Standard Bank of Nigeria Ltd. and is now First Bank of Nigeria Plc., cannot be discussed in an isolation of the Elder Dampster.

Alexander Elder and John Dampster were the namesakes of the Elder Dampster line, which has come to be linked with shipping and marine trade in the West African subregion.

The Royer Niger Company founded the Anglo African Bank in Cross River State, Calabar, in 1899. The bank was then took over by BBWA in 1912 and later changed its name to Nigeria bank Ltd. After that, in 1917, Barleys Bank Ltd., now known as Union Bank Plc., was founded to break BBWA’s monopoly.

It was amazing how many indigenous banks were founded between 1929 and 1952, but how many of them failed due to poor management.

On March 13th, 1969, Barleys Banks of Nigeria Limited was established. Later, the name was changed to Union Bank of Nigeria Limited.

Furthermore, the recent issue of distress that some of our commercial banks, particularly our new generation banks, are currently experiencing has every indication of getting worse,

according to impart union bank, who indicated that this is not a random phenomena but rather a result of the core social and economic demands of the community.

The needs, particularly those that affect industrialists, will be carefully examined in the following phase of this study project.


Commercial banking is considered to be a serious industry, and individuals from all walks of life have been criticising the level of services provided by our banks.

Government officials, business leaders, the media, and the general public have all expressed their strong disapproval of these banking services.

Complaints have included excessive wait times to cash checks, slow loan approvals, and/or a credit-unfriendly attitude on the part of bank employees.


The following are the study’s goals:

(i) To pinpoint the financial issues an industrialist is facing.

(ii) To learn about the bank loans that industrialists receive.

(iii) To identify any difficulties they may have repaying the loan.

(iv) To determine the impact loan repayment default has on the banking industry.

(v) To determine the best course of action for handling the issue.

(vi) To determine whether Commercial Bank charges industrialists a high or moderate rate.


There are two main schools of thought with two opposing hypotheses as a trend to solve this study challenge, and modern scientific observations and studies assist us to reduce larger danger of uncertainties.

(1) Ho: Industrialists can get loans with no trouble.

(2) Ho: Industrialists struggle to secure loans.

(2) Ho: The growth of Nigeria’s industrial sector is unaffected by commercial bank loans.

(3) Ho: Loans from commercial banks have an effect on Nigeria’s industrial growth.


When we discuss the relevance, we are referring to the advantages that will come from studying the case. After this work is finished, industrialists and potential ones will use it to their benefit to learn the simplest and most affordable way to source funds through banks for the quick growth of their industry.

They will also gain from knowing the banks’ professional principles and recommendations in order to grow their firm.


The goal of the study is to open up the minds of the industries to the best ways to organise and wisely use the loans that commercial banks have given them.

In addition to the requirement that industrialists adhere strictly to the credit terms, the importance of the credit period as the source of the funding services that lubricate the industries cannot be overstated.

On the other hand, banks should launch a significant education effort to inform some uneducated industrials on how to shame them into submitting requests to the banks for simple handling.

This could be accomplished by planning seminars, workshops, visits, etc., with current and potential industrialists. Additionally, this thesis staged a thorough investigation into common traits of commercial banks’ loan programmes, sources of funding, and loan advantages, as well as some issues that both commercial banks and industrialists face in relation to loans.


This study is constrained since there isn’t enough time, money, or other resources to examine all of Nigeria’s commercial banks. Although the study only focused on Union Bank of Nigeria Plc.

Onitsha and its results may not accurately reflect the situation throughout Nigeria or apply to other commercial banks there, generally speaking, what happened at Union Banks Onitsha might be said to be applicable to other banks.


Commercial bank: A financial organisation that accepts deposits, provides checking account services, makes various loans, and gives customers and small-business owners access to fundamental financial products including certificates of deposit (CDs) and savings accounts is referred to as a commercial bank.

Industrial development: Successful industrial projects can only be accomplished with close cooperation and mutual understanding amongst these stakeholders.

Industrial development is the synthesis of contributions from four primary variables, namely, business, technology, government, and labour.

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