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Zorluk: OrtaSpecialized and Development Banks

A manufacturing enterprise in Nigeria needs long-term credit facilities to purchase heavy industrial equipment and expand its factory operations. Because commercial banks primarily provide short-term loans, which specialized development bank is explicitly established to fulfill this long-term industrial capital requirement?

  1. A
    Federal Mortgage Bank of Nigeria
  2. Bank of IndustryCevap
  3. C
    Central Bank of Nigeria
  4. D
    Nigerian Export-Import Bank

Cevap

The Bank of Industry is the specialized development bank established to provide long-term financing to manufacturing enterprises and industrial projects.
The Bank of Industry is mandated to accelerate industrial development by offering medium- and long-term loans for the establishment, modernization, and expansion of industrial and manufacturing enterprises.

Adım Adım Çözüm

1
Identify the primary financial requirement described in the scenario.
The enterprise requires long-term credit facilities to purchase heavy industrial equipment and expand manufacturing capabilities.
Commercial banks rely mainly on short-term demand deposits and are structured to provide short-term working capital rather than long-term industrial development funds.
2
Evaluate the primary mandates of Nigeria's specialized and development banks.
The Bank of Industry is dedicated to offering medium and long-term financing to industrial enterprises, manufacturing projects, and processing facilities.
Development institutions are sector-focused: the Bank of Industry targets manufacturing and industrial expansion, whereas mortgage banks focus on housing and export-import banks target international trade.

Anahtar Kavram

Mandates of Specialized and Development Banks in Nigeria
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Konular

Specialized and Development Banks

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