THE REVIEW OF THE NEXUS BETWEEN FINANCIAL INSTITUTIONS AND PROJECT IMPLEMENTATION IN NIGERIA

Abstract

Financial institutions play a multifaceted role in mobilizing resources  for the achievement of sustainable economic growth, development and project implementation and thus, various theories, models and statistical applications abound and used in review the connection between the financial institutions and project implementation that aimed at raising living standards, and as a critical determinants of developmental outcome in Nigeria but the growing complexity of project financing, coupled with economic volatility, has underscored the need for robust partnerships between financial institutions and project planners. Hence, this reviews explore the poor dynamic relationship and lopsidedness in financial disbursements by the institutions which negatively influence project planning implementation and execution in Nigeria, therefore, the review identified best practices and policy recommendations for fostering more effective partnerships between financial institutions and project planners and  that such  partnerships should be a medium to enhanced project feasibility, reduced delays, and improved cost management. Finally, financial institutions are therefore encouraged to facilitate access to credit, mobilize resources, and ensure funds are channeled toward productive uses with adequate monitoring and supervisions via strengthen of the existing policy and regulatory frameworks, Adopt innovative financing models and priorities community engagement and inclusivity.