Premium Essay

Roles of Enterpreneurship in the Nigeria Economic

In: Business and Management

Submitted By aderonke
Words 3204
Pages 13
Subject:

INTRODUCING FIRST DIASPORA PRODUCT SUITE

1.0

INTRODUCTION Diaspora Banking is fast gaining attention in the Nigerian banking sector. Available statistics show that there are over 5 million Nigerians living in the Diaspora.Nigerians migrate mainly to the following countries: · · · United States of America United Kingdom; and South Africa.

There is a major concentration of Nigerians in the following cities United States of America (USA) · · · · · New York Maryland Houston Atlanta Texas

United Kingdom · · · · London Ireland Birmingham Manchester

·

Essex

Africa - South Africa · 1.1 Johannesburg

OBJECTIVES The objective of the Diaspora team is as follows:

· · ·

To provide Nigerians in Diaspora an opportunity to maintain operative accounts in FirstBank Nigeria To provide Nigerians in Diaspora with facilities to finance investments in real estate in Nigeria Provide Nigerians in Diaspora an interface for operating their accounts in First Bank and thereby bridging the geographical barriers to the delivery of banking services to Nigerians abroad. Each Diaspora customer will have an RM he/she can talk to at all times.

· · · · · ·

To provide non-resident Nigerians with facilities for effecting domestic and international funds transfer. Offer Nigerians abroad the opportunity to build and grow their individual net worth in Nigeria through provision of investment advisory services. Grow the bank s retail customer base thereby generating a large pool of stable deposits for the bank. Grow the bank s fee income from banking transactions initiated by Nigerians in Diaspora. To prevent loss of potential Diaspora customers to competition. To give opportunity for Nigerians in the Diaspora to open Nigerian Bank accounts without being in the country.

PRODUCTS BOUQUET PROFILE A. DISPORA LIABILITY PRODUCTS

First Diaspora Current Account Individual (Naira)

This is a

Similar Documents

Premium Essay

Ugodan

...Background to entrepreneurship Definition and interpretation The term enterpreneurship emerges from the french (literally between take or go between )and traceable to the eighteen century economiist Richard Cantillon ,Anne-Robert –jacques Turgot and Francios Quesnay ,The term was also denoted to an actor in charge of large –scale construction Project as cathedral, bearing no risk but simply carrying the task forward untill resoures were Exhausted ,the change in the use of term began in the seventeen century with a specific reference to risk bearing and enterpreneurship was tagged a person who entered into a contractual relationship with the government for the performance of a service or the supply of good ;The assumption was the price of a contract had been valued and fixed and the enterpreneur bore the risk of profit and loss from the bargain. In the eighteen century ,the term was applied in france in several way ; cantillon in 1725 referred to entrepreneurs as risk bearing .But he tried to differentiate the entrepreneurs who provide capital or funds from those who relied on their own labour and resources. That showed an entrepreneurial role as independent of the capitalist role Quesnay considered an enterpreneur as a tenant farmer who rent property at a fixed rent and produces a given price’s like cantillon bandeau ( 1797) and Turgot...

Words: 15789 - Pages: 64

Premium Essay

Entrepreneurship and Small Business a Case of a Developing Country

...ENTREPRENEURSHIP AND SMALL BUSINESS A CASE OF A DEVELOPING COUNTRY Abstract This study revolve around the socio-economic structure of entrepreneurship, factors affecting the growth and development of enterprises and problems faced by them. For the purpose of data collection a sample of fifty small scale units was taken and a common schedule of structure questionnaire containing questions of various aspect of entrepreneurship was administered personally to the owner/managing director of each of the units as the case may be. This study is partially exploratory but basically descriptive in nature. From the interpretation and analysis of data collected the result shows that age is not a static phenomenon for entrepreneurship. Those who have less education but have more practical experience and training, enter into the industry early. However, in such cases less education restricts the growth and development of the enterprise. The paper also finds reasons for enterpreneurship, the three was to earn high profits and prosperity. The variables which decide the area of activity or the product line are based on assured market, parental business, experience and revival of the sick unit etc. There are certain irritants that also serve as impediments for the growth of enterprises. For instance competition from small scale units, (28%) financial constraints, high intent ratio and others. Introductionn The prosperity and progress of a nation depends on the quality of its people....

Words: 5158 - Pages: 21

Free Essay

Econs

...------------------------------------------------- Top of Form Bottom of Form PROJECT TOPICS IN ECONOMICS   ATTENTION: ATTENTION:BEFORE YOU READ THE PROJECT TOPICS BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU! NOTE: WE WILL SEND YOU THE ABSTRACT,TABLE OF CONTENT AND CHAPTER ONE OF YOUR APPROVED TOPIC FOR FREE. CHOOSE FROM THE LIST OF TOPICS BELOW. SEND THE APPROVED PROJECT TOPIC TO ANY OF THESE NUMBERS-08068231953,08168759420 WE WILL THEN SEND YOU THE ABSTRACT,TABLE OF CONTENT AND CHAPTER ONE FOR FREE NOTE ALSO: IF YOU ALREADY HAVE AN APPROVED PROJECT TOPIC THAT IS NOT ON OUR WEBSITE,WE CAN ALSO DEVELOP IT FOR YOU.WE WILL SEND YOU THE ABSTRACT,TABLE OF CONTENT AND CHAPTER ONE FOR FREE WITHIN 48 HOURS JUST SEND THE APPROVED TOPIC TO 08068231953,08168759420 PROJECT TOPICS IN ECONOMICS: 1. URBANIZATION A PROBLEM TO FOOD PRODUCTION AND AGRICULTURAL DEVELOPMENT. (A CASE STUDY OF ENUGU STATE) ( 5 chapters and 62 pages)     2. CAREER OPPORTUNITIES FOR ADULT EDUCATION GRADUATES IN ENUGU STATE NIGERIA)(5 chapters and 76 pages)     3. THE GROWTH OF INDIGENOUS FIRMS IN NIGERIA PROBLEMS AND PROSPECTS: (A CASE STUDY OF AJAOKUTA STEEL COMPANY LIMITED IN KOGI STATE) ) ( 3 chapters and 37 pages)         4. TRAINING AND DEVELOPMENT PREREQUISITE FOR HIGH PRODUCTIVITY (A CASE STUDY OF BEECHAM PLC) ( 3 chapters and 38 pages)     5. EMPLOYEE MOTIVATION AND PRODUCTIVITY (A CASE STUDY OF ESUT, ENUGU) (5 chapters and 69 pages)      6. THE ROLE OF PLANNING AND FORECASTING IN BUSINESS...

Words: 3648 - Pages: 15

Premium Essay

Miss

...MODULE ONE THEORY AND CONCEPT OF ENTREPRENEURSHIP STUDIES Learning Objectives At the end of this module students should be able to;  Discuss the origin of Entrepreneurship  Define the concept “Entrepreneur”  List the roles and characteristics of an Entrepreneur  State the motivational factors of Entrepreneurship. UNIT ONE: ORIGIN AND CONCEPTS OF ENTREPRENEUR AND ENTREPRENEURSHIP Objectives: At the end of this unit students should be able to;  Compare and contrast the various definitions of Entrepreneur and Entrepreneurship.   1.2. Differentiate between Entrepreneur and Entrepreneurship. List five contributions to the study of Entrepreneurship. Introduction Businesses are any undertaking created for the purpose of creating utility. Utility is simply the satisfaction derived from consuming certain goods and services. Businesses are created by a special kind of labour which is also referred to as the entrepreneur. Entrepreneur is regarded as a special kind of labour because not all labour possesses entrepreneurial abilities which enable them to start a business from the scratch. Thus, entrepreneurship is simply the establishment of a new business or business enterprise or venture. This Unit looks at the development of the concept of entrepreneurship and the various ways in which this concept can be defined. Quick Review questions I. Businesses are not any undertaking created for the purpose of creating utility...

Words: 63960 - Pages: 256

Free Essay

Pengaruh Job Satisfaction Terhadap Financial Performance Melalui Employee Engagement Dan Competitive Advantage Sebagai Intervening Variable Pada Perusahaan Retail Publik

...1. PENDAHULUAN 1.1. Latar Belakang Masalah Di era globalisasi sekarang ini, sudah terjadi transformasi dalam lingkungan bisnis yang menuntut perusahaan untuk berkompetisi secara kompetitif untuk menjadi yang terbaik dalam lingkungan bisnis tersebut. Dalam hal ini tentu saja organisasi membutuhkan tingkat kinerja yang tinggi dan konsisten dari masing-masing karyawan dalam rangka untuk meningkatkan kinerja perusahaan dan bertahan dalam lingkungan persaingan pasar yang tinggi (Newstrom and Davis, 2002). Berbagai strategi harus dilakukan oleh perusahaan untuk memberikan kinerja lebih baik daripada pesaing agar bertahan dalam dalam lingkungan bisnis. Di Indonesia sendiri, persaingan bisnis semakin ketat dan kompetitif khususnya di sector retail. Dimana menurut Asosiasi Perusahaan Ritel Indonesia (Aprindo) dalam lima tahun terakhir dari tahun 2012 peningkatan omset ritel modern cukup pesat, hal ini juga didukung oleh pertumbuhan jumlah ritel yang pesat yaitu sebesar 7.787 retail selama 5 tahun terakhir ini, pertumbuhan bisnis ritel di Indonesia antara 10-15% per tahun. Penjualan ritel pada 2006 masih sebesar Rp 49 triliun, namun melesat hingga mencapai Rp 110 triliun pada 2012 meningkat sebesar 10%- 15%, menyusul kondisi perekonomian dan daya beli masyarakat yang relatif bagus. Bisnis ritel di tahun 2013 masih mencatat tren yang positif, namun masih kurang maksimal jika dibandingkan dengan tahun 2012 (Liputan6.com). Dari data tersebut dapat dilihat bahwa persaingan bisnis terus...

Words: 17786 - Pages: 72