Impact Of Finance And Investment Companies On The Economic Development Of Nigeria

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
4. Improvement in management efficiency, more and    proper staffing.
5. Diversification of securities