THE IMPACT OF FINANCE AND INVESTMENT COMPANIES ON THE ECONOMIC DEVELOPMENT OF NIGERIA: A CASE STUDY OF KADUNA INDUSTRIAL AND FINANCE COMPANY LIMITED
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Author
Presented To
Department of Administration
ABSTRACT
PLEASE NOTE:
This research is on the impact of industrial and finance companies on economic development in Nigeria using the Kaduna Industrial
and Finance Company, Limited as a case study. The research examines the activities of the company since its inception in 1977 as a machinery for economic development. The financial resources and the criteria applied by the company in financing viable projects were considered, in order to determine the extent to which the KIFC has contributed in the establishment or expansion of business concerns. The analysis and investigation (i.e. research findings) have revealed that the KIFC has performed well. However, the following recommendations were made with a view to improve the performance of KIFC:
1. The KIFC should embark on wide publicity about its
activities and financial facilities
2. KIFC should have a continuous touch with the Stock
Exchange (market).
3. The financial resources of the Company should be fully
utilised or invested.
4. Improvement in management efficiency, more and proper
staffing.
5. Diversification of securities held.
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