TABLE OF CONTENTS
Title Page
Declaration
Approval Page
Dedication
Acknowledgments
Abstract
Table of Contents
List of Tables
List of Figures
Chapter One - Introduction
1.1 Background of the Study
1.2 Statement of the Problem
1.3 Objectives of the Study
1.4 Research Questions
1.5 Research Hypotheses
1.6 Scope of the Study
1.7 Significance of the Study
References
Chapter Two - Review of Related Literature
2.1. Theoretical Framework
2.1.1 Overview of the Role of the Banking Industry
2.1.2 Theoretical Basis for Banking Industry Consolidation
2.1.3 Theoretical Rationale for Banking System Consolidation
2.1.4 Strategies for Banking Sector Consolidation
2.1.5 Issues and Challenges Associated with Bank Consolidation
2.1.6 Post-Consolidation Challenges and Issues
2.2 Empirical Review
2.2.1 Small and Medium Scale Enterprises in Nigeria: A Brief Review
2.2.2 Problems of Small and Medium Scale Enterprises
2.2.3 Financing Options for Small and Medium Enterprises in Nigeria
2.2.4 Small and Medium Scale Enterprises and Poverty
2.2.5 Small and Medium Enterprises and Economic Growth
2.2.6 Small Business Lending and SMEs
2.2.7 Mergers and Acquisition and Small Scales Business Lending
2.2.8 Determinants of Mergers and Acquisitions and SMEs Lending
2.2.9 Relationship Lending and Financing of SMEs
2.2.10 History of Banking Sector Reforms in Nigeria
2.3 Summary of Review
References
Chapter Three - Research Methodology
3.1. Research Design
3.2 Nature and Sources of Data
3.3 Model Specification
3.4 Explanatory Variables
3.4.1 Independent Variable
3.4.2 Dependent Variables
3.4.3 Control Variables
3.5 Techniques of Analysis
References
Chapter Four - Presentation of Data and Analysis of Result
4.1 Presentation and Analysis of Data
4.2 Test of Hypotheses
4.2.1 Test of Hypothesis One
4.2.1 Test of Hypothesis Two
4.2.1 Test of Hypothesis Three
4.3 Implications of Results
References
Chapter Five - Summary of Findings, Conclusion and Recommendations
5.1. Summary of Findings
5.2 Conclusion
5.3 Recommendations
5.4 Contribution to Further Studies
References
Bibliography
Appendix Assets Base of Registered SMEs in Nigeria
LIST OF TABLES
Table 4.1 Pre-Consolidation Shareholder's Fund of Banks and Number of SMEs
Table 4.2 Post Consolidation Shareholder's Fund of Banks and Number of SMEs
Table 4.3 Pre-Consolidation Shareholder's Fund of Banks and Growth of SMEs in Nigeria
Table 4.4 Post-Consolidation Shareholder's Fund of Banks and Growth of SMEs in Nigeria
Table 4.5 Pre-Consolidation Shareholder's Fund of Banks and Bank lending to SMEs
Table 4.6 Post-Consolidation Shareholder's Fund of SMEs and Bank lending to SMEs
Table 4.7 Pre-Consolidation of Absolute Values of the Controlled Variables
Table 4.8 Pre-Consolidation of Absolute Values of the Controlled Variables
Table 4.9: Result Regression of Hypothesis One (Pre Consolidation)
Table 4.10: Result Regression of Hypothesis One (Post Consolidation)
Table 4.11: Result Regression of Hypothesis Two (Pre Consolidation)
Table 4.12: Result Regression of Hypothesis Two (Post Consolidation)
Table 4.13: Result Regression of Hypothesis Three (Pre Consolidation)
Table 4.14: Result Regression of Hypothesis Three (Post Consolidation)
LIST OF FIGURES
Figure 4.1 Pre-Consolidation Shareholder's Fund of banks and Number of SMEs
Figure 4.2 Post Consolidation Shareholder's Fund of Banks and Number of SMEs
Figure 4.3 Pre-Consolidation Shareholder's Fund of Banks and Growth of SMEs in Nigeria
Figure 4.4 Post-Consolidation Shareholder's Fund of Banks and Growth of SMEs in Nigeria
Figure 4.5 Pre-Consolidation Shareholder's Fund of Banks and Bank lending to SMEs
Figure 4.6 Post-Consolidation Shareholder's Fund of SMEs and Bank lending to SMEs
Figure 4.7 Pre Consolidation of Deposit Money Bank Prime Lending Rate
Figure 4.8 Post Consolidation of Deposit Money Bank Prime Lending Rate
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Small and Medium Enterprises (SMEs) are argued to be an instrument of economic growth and
development. Thus, Fatai (2010), states that in Nigeria where the private sector is not well
developed, SMEs are assumed to play prominent role in employment generation and facilitation
of economic recovery and national development. He maintains that the growing recognition of the
role of SMEs may have influence the decision of World Bank Group to commit roughly $2.4
billion on SME, as core element in its strategy to foster economic growth, employment generation
and poverty alleviation.
While the importance of small and medium enterprises has not been in doubt, unfortunately
classifying businesses and organizations into large and medium scale is subjective and depends on
different value parameters. These parameters follow different criteria such as employment, total
assets or total investment. The definitions of small and medium enterprises vary in different
economies but the underlying concept is the same. Ayyagari et.al (2003) and Buckley (1988)
contend that the "definition of small and medium scale enterprises varies according to context,
author and country".
In the case of Nigeria, hardly do we have a clear-cut definition that distinguishes small and
medium scale enterprises.
