Sociological Perspective of the Roles and Impact of Nigeria Bank of Industry on Small and Medium Enterprises for National Developments

Abstract

This study seeks to assess the role and impact of Nigeria Bank of Industry towards the small and medium enterprises development in Kano Metropolis. The study used both the quantitative and qualitative method to collect and analyze data. The total of one hundred and ten (110) sample size of small and medium enterprises was selected for the study. The study found that small and medium entrepreneur plays significant role in the development of national economy. It also found that Bank of Industry play significant role in the development of small and medium entrepreneur. The study also discovered that small and medium entrepreneur utilizes effectively the services rendered by the bank of industry and importantly the Bank of Industry is not stringent in rendering assistance to the small and medium entrepreneur. It was recommended that Small and medium entrepreneurs should not take for granted the advantage given to them by the Bank of Industry and that they should utilize the opportunity given to them effectively and efficiently. It has also been recommended that since the nation has focused on the small and medium entrepreneurs as a mechanism through which to achieve industrialization, as such they should be monitored effectively in every of the steps of collection and utilization of the loans.